JF521: Schedule K-1, What It Is and Why It's IMPORTANT in Partnership Investments #followalongfriday

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 5 February 2016

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

TAX TIME! Joe shares the Schedule K-1 that he uses with his partners on his apartment syndications, in fact a copy is available below in the notes! Depreciation, write offs, and other tax advantages have benefited the investors involved in Joe's deals, hear how!

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Because of depreciation on paper, you're showing a loss...in which taxes are deferred.

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- the K1 Joe references in the call: https://gallery.mailchimp.com/dfc2781f4db38023fd163e0e8/files/BayberryK1.pdf

- Subscribe to Joe's YouTube Channel here to learn multifamily and raising money tips: https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg

Listen to all episodes and get a FREE crash course on real estate investing at:http://www.joefairless.com

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Transcript

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
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1:05.0	There's $17,433 that this investor was able to ride off or to take as a loss. Best ever
1:16.9	listeners before we get into today's episode I want to mention Trevor
1:20.0	McGregor. Trevor is a real estate results coach.
1:24.0	I've been paying him and working with him for years now.
1:27.9	He actually is responsible for giving me the idea to do a podcast so it's not only about transactions that he
1:36.8	gives advice on how to find more deals and make more money but also how to build a holistic plan around your real estate entrepreneurship endeavors.
1:48.0	That's what I love about working with Trevor, that and being held accountable for what I say I'm going to do and
1:54.7	actually making sure that I follow through and do it. I feel like I'm a pretty
1:58.0	results-oriented accountable kind of person but it's always nice to have someone who's there guiding you
2:04.7	along the way and giving you strategy as well as psychology tips for how to
2:10.3	deal with you know the things that come up as a real estate entrepreneur.
2:14.0	Trevor has made a wonderful offer for the best ever listeners and that is that he's offering a free coaching
	...

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