I have participated in a syndication as a limited partner, but want to branch out into private lending, loans of one year or less. 

Purchase price: $424,500 Cash invested: $20,640 I purchased a small detached duplex that I plan on moving into one and keep the other as a rental.

Purchase price: $525,000 Cash invested: $125,000Multi-Unit in Small towns is amazing.

There are banks out there that offer lines of credit for GP stakes, which many established syndicators utilize and draw on to potentially fund their follow-on offerings.  

In my initial research, I'm finding a pretty big disconnect with the deals that Michael implies in the book and what is actually out there. 

Be sure you have cash flow to pay the monthly payments on the HELOC until you’re able to refinance out the new property.

Assets identified in this study include:Building systems: water heater, electrical distribution, HVAC, plumbinPermanent Fixtures: windows, doors, bathroom fixturesStructural Components: Roof construction, drywall, wood framingInterior Construction: Wood flooring, stairs, ceramic tileThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

Quote from @Kevin Kim: Contact the housing office and let them know you want her out.

If the house you are going to sold was your owner occupied primary residence AND you have occupied at least 2 out of the last 5 years all gains up to 500k a exempt from taxes. and remember equity and gains are not the same thing.

And what were the things you thought would be very difficult but turned out to be straight-forward later on?