I am interested in purchasing the property and was wondering my best course of action at this time.

Hi, I was wondering if there are any investors in the group who have invested in Portugal.

@Jonathan St.Leger I was wondering that too.

Got this from the sponsor - Real estate gain is 1231 - but there will also be recapture of depreciation which is ordinary income.With a few unknowns before the actual k-1 is released, it's hard to make any concrete decisions but was just wondering if I should sell some long-term held stock at fidelity to offset the gains

Unless the guru is giving fairly strong assurances they are going to bring investors into deals for you, the rest of raising capital is fairly straightforward (but not easy).  

Hey Phil, I remember that jittery mix of excitement and nerves when I decided to step up from the smaller stuff.. it can feel like you’re eyeing a big mountain and wondering if you’ve packed the right gear.

The heat renovation will be a large cap ex that will pay off wonderfully in the long-term.

I'm working on obtaining a construction loan and I was wondering if anyone knew if these were relatively decent loan terms

The straightforward method is to do everything yourself, as in my example above.

Hey Emmanuel, I wonder what areas you are looking at the moment.