All Forum Posts by: Account Closed

Does anyone know of a good resource for learning about doing a private placement to accredited investors? Know of any good lawyers that help put these together in Atlanta or know of any investors that do syndicated deals willing to share information? I am a CPA who has seen my clients do these for years but want to grown my bucket and possibly put a deal together when I find a property.

I am a CPA that does taxes and I have no idea what you mean by the "16 IRS Categories". If you have one rental there is not much benefit - report your rental income, deduct your expenses, depreciate the property - and if you have a loss you might be allowed to currently deduct the loss. If a more expensive property think about a cost seg.

My firm does work for some of the most elite investors in town and for some smaller up and coming guys as well. We work with developers, multifamily owners, high net worth entrepreneurs and investors and landlords too. Happy to help - call or email anytime

Holding property in an LLC will not result in a different tax treatment under the passive loss rules -I think someone may have said putting in an LLC may change that treatment. If you own 100% of the LLC the LLC will be disregarded for tax purposes and be reported on your individual return unless you make an election to file as an S Corporation which generally does not make sense for real estate since its so hard to get property out of an LLC filing as an S corp without a taxable event. You need to run the LLC as a totally separate financial enterprise or an attorney may be able to pierce the LLC and go after you personally (piercing the corporate veil)

If you are the 100% owner of each LLC it will all be reported on your individual return anyway. Do you have multiple members in the LLCs or its just you? If just you the LLCs are disregarded for tax purposes only and report on your individual return.