All Forum Posts by: Garen S.

Also don't forget the depreciation which is shared amongst investors. You do not get this benefit if you invest in a REIT. A well done syndicate will do a cost segregation to front load the depreciation which can offset other passive income gains (I'm not an accountant, so make sure you are using depreciation correctly.)

In my situation where I have yearly passive income with little to no depreciation, the depreciation on a syndicate is more important to me than cash flow.

@Lane Kawaoka

Funny you should mention that. My lawyer friend set up a meeting with his accountant to discuss one. Sounds a little closer to breaking vs just a little bending is what I’m looking for. Found this and got a little scared.

https://www.google.com/amp/s/www.washingtonpost.com/business/2020/10/23/land-conservation-tax-break-deals/%3foutputType=amp

@Ed Moran

Everything you need to know and more.

https://podcasts.apple.com/us/podcast/the-real-estate-cpa-podcast/id1125252777?i=1000490445605

Currently have a yearly passive income stream (non real estate business which I do not materially participate ) 50-60k. No further direct deductions can be made ie depreciation, MAGI>150k.

Looking for a passive income investment 100-200k preferably syndicate with 5-10% returns but more importantly a K-1 depreciation loss through cost segregation to offset the other business income.

Obviously no guarantees but I know there are certain funds or syndicates that can front load depreciation that would benefit someone in my situation.

I’m sure some of you might advise paying the tax on my 50k and investing the 100-200k in an index fund. That’s what I’m doing now so just entertaining other options.

I bought a vacation rental property 3 years ago for a great price. I rented it using an agency and their fees combined with the high HOA fees made it a negative cash flow in that setup. I really didn't know what I was doing and should have managed the property myself.

Anyways lucky for me the property appreciated and I recently sold the property for a 200k profit. That plus the 150k equity gives me 350k to reinvest.

I currently distributed the 200k for a 1031 exchange.

I am looking at SFH in my area which range from 250k-400k.

Trying to figure out best strategy for investment. For background I have a good job and I have a 4 day work week. I have a traditional balanced portfolio with no real estate holdings except for about 65k in an REIT.

My job is on auto pilot and I’m looking for a challenge and am excited about expanding my real estate investing.

My thoughts on proceeding are: purchasing a SFH with 25% down and managing myself then invest rest in syndicate or passive real estate deal. Purchasing multiple homes. Paying cash for single home and then managing. Thoughts.