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Updated almost 12 years ago on . Most recent reply presented by

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69
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Greg Fend
  • Investor
  • Harker Heights, TX
17
Votes |
69
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Starting out...asset structuring?

Greg Fend
  • Investor
  • Harker Heights, TX
Posted

I just started out investing in real estate. Until now, my assets have been simple: paycheck comes in, bills go out, throw some into savings.

Now, I have a primary that I'm using as a rental, have done a cash loan (not as a partner), and have become a partner on three 4plexes. I have a feeling this next tax year is going to be a bit more complex!

Any thoughts/recommendations as to how I might structure my assets to get the most benefit and help keep everything straight? I've read briefly about trusts, estate planning, etc., but am hoping I can get some feedback on what may/may not have worked for you.

Thanks!

Most Popular Reply

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1,727
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837
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Dave Toelkes
  • Investor
  • Pawleys Island, SC
837
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1,727
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Dave Toelkes
  • Investor
  • Pawleys Island, SC
Replied

Greg,

I think you missed the point I was trying to make. It does not matter what worked or did not work for anyone else. Their situations are not yours. What worked for someone else may be the worst thing you can do. Only the advice you get from licensed professionals who know your specific needs and circumstances will be meaningful to you.

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