The people at Capital Syndicate do everything they can to protect and promote you as a business partner (not a "bird dog"). 

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

Any recommendations for Umbrella insurance providers for each partner to cover any liability?

Me and a partner are currently finishing up a turnkey quadplex to put on the market next month in the Kenmore area!

Hey everyone, I alongside my partners are actually creating a platform for folks looking to buy/sell land in Costa Rica (actually all of Latin America + Caribbean for that matter).

@Tyler Kesling who are you going to be partnering with to take down a 20+ unit property?

I have a partner in the bay area right now.

I suggest to save up for 6-12 months while learning the market better or partner with someone who has the cash while you do the legwork.

I'm SURE you mis-spoke and meant to say, he's a close friend that I am trying to help but it was not my intention to "fix his credit".Debt Relief and Credit Repair Scams"The FTC has brought scores of law enforcement actions against these bogus credit-related services, and the agency has partnered with the states to bring hundreds of additional lawsuits"SOME CASEShttps://www.ftc.gov/news-events/topics/consumer-finance/debt...Financial Education Services (August 5, 2024 )Panda Benefit Services, LLC., FTC v.

AMeris bank will do specs I used them.but if you have zero experience you will have to mitigate it with a lot of cash or get an experienced partner.