All Forum Posts by: Andrey Y.

 Thanks for chiming in!

Could you please define what "long game approach" means exactly to you and Lane?

Does it mean join your investor group? Or follow Lane's investment YouTube videos?

You both have left the most cryptic replies and do not really want to add any actual real advice to the thread.

How about answering any of the following:

How do you network with other high net worth individuals?

What syndication experiences good or bad?

What types of investments you look for?

What criteria are the most valuable?

Have you personally ever actively owned and managed your own RE?

Thanks so much for any substantial advice.

You want free advice from two experienced passive investors in syndications yet your posts directly to us are blatantly condescending and you don't have a profile picture. It's a bit creepy actually.

It does not really work like tell me yours. People don't want to talk negatively or have them targeted. You are going to have to take the long game approach of building real relationship with other high net worth accredited passive investors.

Growth equity group is back with new name sdirawealth. I wonder how they survive and how to hold them accountable?

In deciding what strategy works for you in terms of real estate investment, I think your net worth and income has a significant impact.

If you need additional income to supplement and have less net worth, cash flow properties for cheap might work the best but for someone who does not need additional income gambling with appreciation might turn out beneficial. If you are not accredited and have less net worth would u still join syndication?

At what net worth and income would you choose one vs another strategy. I might get answers like you don’t need your net worth but can use other peoples money. if we skip that and just think as personal net worth and investment choices how would you prioritize ?

@Andrey Y., Beauty sleep didn't do anything for me :) . @Eric Mayer is absolutely right.  The cash that you have from the sale doesn't indicate at all the gain or the tax liability.  

You could sell a property with no equity because you've refinanced a number of times and yet own a big tax bill due to gain you took out in the refis and depreciation that needs to be recaptured.

Do you need an intermediary?  Only if you want to defer the tax.  How much is worth it?  An exchange will cost you $750 - $1000.  If your tax savings is greater than that the dollars are worth it.  Is the effort?  Up to you to say.

I did an exchange for a lady who saved $350 after paying the exchange and everything on a lot sale.   In her words "It's my money and it's worth it".  I also have clients who decide not to 1031 when the tax liability is hundreds of thousands.  

Your gain is the difference between the adjusted cost basis (purchase price-depreciation recap+capital improvements) and the net sales price.  That gain will be made up of depreciation recapture @25% and capital gain at 15% or 20% federal plus whatever HI wants.

The cash out refi has nothing to do with the profit when you sell. You will still need to do a 1031 if you don’t want to pay taxes on the gains.