This was at The Buckingham in Chicago. https://perchwealth.com/understanding-delaware-statutory-trusts-dsts-rules-regulations/#:~:text=Once%20a%20DST%20offering%20is,make%20capital%20calls%20from%20investors.1.

However, going by the reviews and my conversation, they seem to promote forming Delaware Statutory Trusts for CA investors.

We set our sights on the classy, high-end deals—the crème de la crème, if you will.

Don't forget about the de minimis safe harbor for properties that are already placed in service.

@Jennifer Katherine De LoughyHi Jennifer, I’m a real estate attorney in New Jersey and always open to meet new people.

Quote from @Oliver De Ausen: I have a Bennah Oaks investment as well.

Keep clean job-costing between them.CapEx vs. repairs: Use written policies (de minimis safe harbor, routine maintenance) to maximize deductions and avoid reclasses.Cost seg on keepers: Especially on new builds—bonus depreciation can supercharge year-1 losses if you materially participate.Accounting nuts-and-bolts: Standardize budgets, WIP → placed-in-service checklists, and a closeout package (basis, 4562, rent-ready date).Financing: Bankable pro formas + leases; consider DSCR loans on stabilized assets to recycle capital.If you share your first target deal (hold period, bed/bath, est. rents), I can sanity-check entity setup, tax angle, and a simple “from WIP to placed-in-service” checklist.

@Ashish Acharya - you referring to a Delaware statutory trust or deferred sales trust? 

Purchase price: $165,000 Cash invested: $40,000 A two family unit in a secluded cul-de-sac in north-eastern CT with a half acre lot within walking distance of the downtown area and approximately a half mile away from a highway.

Hi Silvia,Thanks you so much for sharing your story.I, too have been scammed by that scumbag Wendell de Guzman.