All Forum Posts by: Jeffrey Tucker

I appreciate it, John.  

Just circling back to see how it's going for you guys.  I still haven't had much luck with connecting with EC area folks to partner with so we're looking at developing some projects ourselves.  

You're in the same area as we are. I've tried to network as well - reaching out to property investors, multifamily developers, that sort of thing. So far no luck connecting with anyone and being able to use the capital we have saved to invest locally. So we've invested in some national syndicated deals. I'm not overly interested in purchasing properties and having to deal with tenants, broken toilets, etc. - my day job keeps me pretty busy. There is a local group of individuals that gets together regularly, though, WI REI or something like that? They meet at the Coffee Grounds - they are very nice people. Ryan Gray, Shawn Tudor or AJ Minaker can give you more info on their activities. I think they're on BP as well. I'm happy to connect also - if there's opportunities to invest in, would be happy to hear about it. Good luck, Rebecca.

Jeff

I would think that between an IRS tax filing standpoint and just plain good business practice, you'd want to be doing these things anyway. Even if the bill is put in your personal name, just reimburse yourself out of your business so you're covered. It also reduces what looks like comingling of personal and business funds. I've operated my other businesses both routes - just a sole proprietorship (low liability web business) and LLC (farm operations and separate LLC for owning the assets of the farm in the event my farm operations LLC was sued - it was my public facing entity). It's a little bit of pain keeping things separated but not that difficult. Taxwise it all rolled up to my personal returns looking like disregarded entities. But had a visitor to my farm tripped and fallen over or gotten bit by one of my animals, they would have been suiting my farm entity which only had about $1,000 in the checkbook at any given point as the dollars were transferred out to my holding company regularly - not that there was much money in livestock farming. Just my thoughts.

I hope you keep us posted. I'm looking to invest but so far my efforts to find folks looking for investments have been nil.  So I've turned to investing in syndicated investments nationally.