So I have a condo I have become 50% owner in.The previous owner is deceased, and his daughter has finished probate.The daughter is one of my tenants.There are a bunch of IRS and State DOR liens on the property.I know that these can be negotiated but not sure where to start.I imagine that I could start calling local IRS numbers and asking who to talk too, but just haven't started working on this yet.Helpful suggestions on where to start?

Hey Dor, is there a specific type of asset class you are looking to invest in?

As important, all sophisticated investors will only consider investment in private offerings that are Reg D, or occasionally Reg A, compliant.The most important aspect of Reg D is the 506 c offering, which ALLOWS general solicitation and advertising, and eliminates the requirement of the sponsor and investor having an established relationship

That’s why the MA DOR guidance you linked emphasizes creating a state-specific 8582.TurboTax is often pulling all K-1s straight from the federal and then applying the ratio, which works federally but doesn’t reflect how MA wants the carryforward tracked.

I would avoid any D or lower locations for your first deal

Class D, or any low-income stuff tends to be a lot more work.

Technically, when raising funds under Regulation D or any other SEC exemption, there’s no strict requirement to utilize a Private Placement Memorandum (PPM).

As important, all sophisticated investors will only consider investment in private offerings that are Reg D, or occasionally Reg A, compliant.The most important aspect of Reg D is the 506 c offering, which ALLOWS general solicitation and advertising, and eliminates the requirement of the sponsor and investor having a prior relationship.

I tried to keep the “universe” I looked at restricted to those sites set up for providing investors an opportunity to invest in a variety of different offerings.Here’s the result: I identified 96 sites (platforms) that specialized in real estate crowd investing - though Reg D or Reg CF.78 are no longer active/out of business18 appear to be active Of the 18, 5 appear to offer only investment in a fund they run, no individual properties to invest in. 

Also, politicians were of two minds on the matter: Yes, we save money, but Wall Street short term paper reins in the “other guy’s” plans, whether D or R.Treasury’s refinancing problems is only and solely a result of the market factoring in Trump’s tax cuts and spending increases.