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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (21060)	5/27/2004 11:35:49 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 306849

from what I recall (it has been a while and my knowledge may be rusty), but.... my understanding is that the limited partnerships shares are deemed PERSONAL property, therefore, the general partner gets to keep the depreciation allowances and the ability to 1031 exchange.... those partnerships were driven by tax reasons, then the 1986 law arrived and changed the treatment of real estate losses (placed against ordinary income) and imposed a limitation of $25,000.00 of loss against o/i (unless YOU were active in the real estate management itself (not so under a limited partnership.... many of those partnership went under as a result (for the most part) in essence, the tax law (as usual, the politico-trolls destroy in stead of build, just for the sake of votes) KILLED the limited partnership business... the insatiable hungry bastards stroke yet again.... Tenancy in common does not have those limitations... However, the transactions MUST be structured correctly, and I believe that the main attorney behind TSG has copyrighted some of the documents... I have lightly read the website, but I do not have in depth knowledge of it... For now... tax law is favorable to RE... this plus population growth and mobility will secure a healthy market ... i have no idea for how long.... no risk, no gain... the key is... WHAT level of risk.. i.e. how much debt.... [so one can weather the possible storm] btw.... did you see this... -g Message 20173889