Feel free to PM me if you want our PM's info in Fort Wayne- he has found some great deals for us and we have done some partnerships with him in our IRA.

this makes sense.now - if we were to dissolve the partnership, and IF one of us took out more in a boot distribution than the other, would it make it more difficult to distribute the properties, given that our 1031 investment percentages (say 60:40) didn't match our LLC partnership percentages (50:50)?

Jason Hirko That's how I plan on approaching it when I pull the trigger on the next property.

How complicated to taxes on partnerships get?  

I have a couple properties in sight which I am thinking about in Parma but still unsure about pulling the trigger on offers etc. would you be able to spare a few mins to chat with me on phone so I can get some first hand info :)..

Buying a property as a human with a residential loan, and then putting title into your LLC the day after closing, can in theory trigger the due on sale clause, but rarely does the lender invoke this provided that they are still being paid on time and you aren't otherwise doing anything naughty.The entity obsession world is mostly charlatans trying to charge you per-entity to set all these garbage entities up.

But I admit Quicken is not great for real estate in terms of tracking basis of myself and my investors in each partnership (capital accounts), etc.  

What made you decide to pull the trigger on this particular deal?

I then have two child LLCs - one of those child LLCs is in NJ - it's owned by my parent LLC and someone else's LLC as a partnership.

I would even consider that in partnership with an experienced flipper, me more being the investor and helper, but in San Diego county I can't see that happening@James Wise That's what I thought and i all the deals with older properties a few, sometime all of those items have not been replaced, mostly with the argument that they have 5 or 8 or 10 years left.