What limits do you carry?

Hi,Was offered an opportunity to invest as a Limited Partner in a syndication and I'm looking for a SEC attorney in NJ who could advise me on the PPM offered.If anyone has used someone in the past and can recommend, it would be greatly appreciated.Sincerely,Manuel 

Unfortunately new tax laws will limit deductions in this scenario.

It seems limiting to have the same property serve both purposes.

There are some basic questions missing. 1) Is the land within the City limits?

You will then have to foreclose when the tenant buyer doesn't pay you.Why would anybody relinquish control of a $345,000 asset for $100?  

You've traded 'asset protection' for limited financing options.If you don't care about getting spam e-mail the rest of your life, try lending tree or quicken/rocket mortgage maybe just to see.

@Patrick Desjardins  its why we pretty much control all process of our note business.. we don't waste a bunch of time on scouting or trying to figure out values and condition of property..

I have no clue as to how good it is or is not or how much it may cost.although I have been around a lot of different HOW TO guys over the years.. and like anything.. if he sells 100 people on the big dog program 10 or so will take it and run.. 10 or so will muddle the rest will just kind of fade away.you have to look within and see if you are in a position to succeed in real estate... its not as easy as just taking a course and your now going to succeed... real estate generally speaking takes time,, money and some how gain experience. so for sure those that have limited investing capital limited experience.. no real contacts in the industry.. will find it pretty tough to almost no way anything will happen other than get jacked up at the event.Assess were your at personally.. 

Things I thought I had to depreciate was expensed.In your case, your deductions are also limited by your income, which may explain the difference of net deductible loss less than your net loss.