All Forum Posts by: Roni E.

I'm about to invest in my first real estate deal. I'll eventually consult with a CPA on tax issues, but thinking ahead about tax issues. I'll invest with my personal funds but will be creating an LLC as a limited partner in the deal.

As income comes to me and when the property gets sold, do I need to keep all of the money and proceeds in this LLC? In other words, I'd like to have the option of keeping the proceeds in the LLC to invest in other properties or to be paid back in full.

If it goes to the LLC and then to me, will I get taxed twice?

Thanks.

These questions are for all of my syndicators out there! Which ownership entity method (LLC, Corporation, etc..) are you holding your assets in? And how do you protect your investors from liability concerns across various assets? For example, if a passive investor invests in apartment building "A" off of Main Street, will they be held accountable if apartment building "B" comes into legal trouble of any kind?

I have the opportunity to purchase land for development but the seller wants in on the deal and I don't know how to structure the deal. The current owner was going to develop the land back in 2008 but, well we all know what happened. The owner had it approved for development with the county for up to 27 lots (supposedly with zero lot lines). 

He owes $5000 in back taxes and is looking for some money upfront in the amount of $5000 to $10000 with the understanding that I would pay off the taxes. He is also interested in being some sort of partner in the deal. Does anyone have any recommendations for how to structure something like this?

I would be responsible for structuring the deal and bringing in investors, which adds another set of challenges for how to structure it. What would be the best way to raise money for a deal like this? Syndication? A fund? Private Lenders? 

Any advice would be greatly appreciated.
 

Greetings Investor,

We're buying an apartment complex and looking for investment partners. This will be our seventh syndication deal. It's located in Texas, but not the common known cities that are over saturated with investors and over priced. I'm very familiar with Texas because most of my portfolio is in Houston. 

Our research show this growing city is in the emerging phase of its cycle - meaning values are starting to increase due to population and job growth. We think this is a great opportunity and worth your time to explore further. 

We're holding a Zoom meeting on Thursday, July 30th about the property and business plan. You're invited to join, if you're a serious investor with lazy money. I'll put that lazy money to work on an asset that's in a great location and growing market. We'll need to have a brief phone conversation to introduce my company and establish a relationship. Check out my company website where you will find testimonials of other investors. Send me a message on bigger pockets or email and I'll reach out to begin the conversation. 

Syndication is not for everyone and even if this deal doesn't work for you, we can at least establish a connection for future opportunities. 

To Your Success,

Omar Ruiz

@Jonathan Schwartz

Thanks for your insight into the LA market. I am looking to house hack in LA with small multi family. My question is how to finance a property just under 1M, as you mentioned, with only 35k down using an FHA loan. I was under the impression that loan size is capped at about 765k which would mean a maximum purchase price of 800k. Or is that what you meant? Thanks!