What was the outcome?

Starting renovation What was the outcome?

What was the outcome?

After renting it for a couple of years and a tenant who did a lot of drywall damage, I decided to renovate the home and change the layout to a more favorable layout which was more modern and usable.What was the outcome?

What was the outcome?

What was the outcome?

The court first noted that a taxpayer may establish hours of participation in a real property trade or business by any reasonable means. 

In speaking with my banker and CPA, it confirms what everyone is saying.....No one will want to use my "stake" in the property as collateral, because of its illiquidity etc....I know that the CoC returns annually of a syndication deal aren't as good as one COULD get actively trading the markets.But the IRR can be closer to 16-18% when factoring in the refinancing and selling chunks of return.And this being completely PASSIVE really appeals to me.I am working on the markets etc.....my game plan is basically work the markets/crypto world and as I get gains, take 1/3 to pay off my business/building debts, 1/3 to build into these syndication deals, and 1/3 to keep rolling the active investing snowball.Wish there was a way to leverage....so sad.Thanks all!

What was the outcome?

It is traded like a condo but they're often less expensive because they're in the non-luxury space (<$5M).The actual point is to deter anyone from becoming a landlord.