All Forum Posts by: Duke Giordano

Yes you are right Charles, thanks for simplifying the question.  Can Depreciation losses from one new deal offset the Capitol gains from a just sold deal that same year?  I realize I cannot do a 1031 if the syndication is not set up for that from the start, mainly just a question as to try to avoid capitol gains at the year of a sale. (without using a QOZ fund)

Hey Guys,

Do you have any experienced tax attorneys in real estate that you recommend for setting up a proper LLC for RE investing and Asset protection? I am actually going to be investing mostly as an LP in multiple syndications/notes funds etc., and I am aware it may not offer much tax benefits but considering it for anonymity purposes in addition to keeping tracks of gains/losses annually etc. In addition, if I begin to become more involved, I may want to consider writing off expenses associated with RE such as traveling to site of the possible syndication, conferences, meet ups etc.

Thanks 

Duke

@Roni E. thanks for your answer.

By way of clarification, the second part of my question was about ways to avoid capitol gains at the time of sale of a syndication.  I am not interested in QOZ funds.  It is my understanding that if I buy in to a new syndication as an LP in the year of sale of a prior syndication I can use the losses that may be given (as bonus depreciation) from the new syndication to offset capitol gains from the syndication that is being sold that same year.  Is this correct?

Hey Guys,

Quick few questions

1 If I invest in a real estate syndication as a limited partner and I was given bonus depreciation year one where I had a $70,000 loss on 100k investment at the time of sale how are the gains calculated taking into consideration depreciation recapture (say 8% Pref yearly).

2. if there is evidence of any capital gains can I use a new syndication investment (not a 1031) in another real estate syndication that also gives me a bonus depreciation/losses that same year to offset those Capitol gains?

I too am looking for a good CPA comfortable with real estate syndication, LLC, K1's etc? Any recc on any in the South NJ or Philly area?

Thanks @Andrew Hogan

Gotcha, so PPR is one of them that gives off K1 income.

Thanks for your input @Scott Meyers and @Dave Peirce, appreciate it.  Anyone have any info on evaluating industrial/warehouse space?  What a typical vacancy rate etc?

Hello All,

Thanks in advance for your input.  I am looking to form a diversified RE syndication portfolio as a passive LP, and have gained quite a bit of knowledge on evaluation of Multi-Family, but I also want a component of my portfolio to contain Self Storage, Mobile Home and Industrial Offerings.  Would anyone be able to help in evaluation/due diligence specifically for Self Storage, Mobile home, and Industrial offerings?  What specific criteria, or nuances to we look for in these asset classes?  For example, some people feel Self storage and mobile home syndications are more conducive to a fund model due to specific characteristics of these asset classes.  Another example is it is more common to have a longer hold time in the mobile home sphere.  Another example, is for self storage be sure the facility is within view of a major highway.  The one thing I cant find much due diligence principles at all is in the Industrial space.  For example goal vacancy rates (existing property), environmental report etc?

Thank you so much in advance

Duke

I should rephrase the question.  I have heard that there are Hard money loan Funds that give off passive or "Business income" or line 1 income on a K1.  Does anyone know which companies offer this?