77 Days to December 31: Your Year-End Investor Roadmap
Your roadmap for the time left before December 31: what to learn, what to ask and when.
Unlock to downloadThe 77-Day Calendar
77 Days to December 31
30 plain-English guides on how multifamily investing works, how it is taxed and what to do before the year ends. Written for physicians, business owners and busy professionals who want to ask better questions.
Investor Guide Library
Your year-end reading list
Browse the topics below. Fill out the short form once to unlock all 30 downloads.
The 77-Day Calendar
Investor Guide Library
Start here
Start Here: A Plain-English Guide to Passive Multifamily Investing
What passive investing in apartment communities is, who it fits, what it asks of you and how to take the next step.
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For High Earners: How W-2 Professionals, Physicians and Business Owners Evaluate Syndications
A practical framework for busy professionals, with an honest look at what passive losses can and cannot do.
Unlock to downloadThe tax basics
Keep More of What You Earn
A plain-English guide to multifamily taxes and questions to bring to your CPA.
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Bonus Depreciation, Explained in Plain English
How depreciation works on an apartment building, what bonus depreciation changes and why timing matters.
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Cost Segregation 101: What It Is and How a Quality Study Is Documented
Not a loophole: a documented way to sort a building's cost into the recovery classes the tax code already has.
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One Building, Four Clocks: The Recovery Classes Chart
An apartment community is not one asset for tax purposes.
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Land vs. Building: How Tax Basis Allocations Are Established
Before a single dollar of depreciation, someone has to decide how much of the price was land.
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Passive vs. Active: The Tax Buckets Every Investor Should Know
Which income a real estate loss can offset depends on which bucket each dollar sits in.
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Suspended Passive Losses: How Unused Losses Carry Forward
A loss you cannot use this year is not gone.
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Real Estate Professional Status (REPS): What It Takes
The tests, the records and what REPS does and does not do for a passive syndication investor.
Unlock to downloadHow deals work
Cash Flow vs. Paper Losses: How Passive Real Estate Returns Are Structured
Why a K-1 can show a loss in the same year an investor receives cash.
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Your First K-1: A Walkthrough of the Boxes That Matter
A Schedule K-1 from an apartment deal can look like a foreign language.
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How a Multifamily Syndication Works: Structure, Roles and Limited Partner Protections
Who does what, who owns what and what protects a passive investor in a Regulation D offering.
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Preferred Returns and Distribution Waterfalls, Explained
How profits are split between investors and the sponsor.
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Return Metrics Cheat Sheet: Cash-on-Cash, IRR, Equity Multiple and More
What each number measures, how it is calculated and what it leaves out.
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Debt and Leverage: How Commercial Loans Work and Where the Risk Hides
Fixed or floating, agency or bridge: how the loan shapes a deal's return and its risk.
Unlock to downloadDue diligence
Investor Due Diligence: Underwriting, Stress Tests and Vetting a Sponsor
The questions we ask of every deal.
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Reading the Documents: PPM, Offering Deck and Subscription Agreement
A 100-page memorandum is manageable once you know where to look.
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Accredited Investors and the 506(c) Process: Verification, Steps and Timing
Who can invest in a 506(c) offering, how status is verified and how long onboarding really takes.
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Apartments, Inflation and Demand: What Drives Multifamily Performance
Why apartments are often called an inflation hedge, where that idea holds and where it breaks down.
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Short-Term Rentals, Multifamily Syndications and Stocks: A Side-by-Side Comparison
Different tools for different jobs.
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Illiquidity and Hold Periods: How Long Your Capital Is Committed
Private real estate trades daily liquidity for other benefits.
Unlock to downloadYear-end steps
The Exit: Depreciation Recapture, Planning Options and Step-Up Basis
Depreciation lowers taxes during the hold.
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1031 Exchanges: Timelines, Limits and Alternative Ways to Deploy Capital
How a like-kind exchange works, why syndication interests do not qualify and what investors weigh instead.
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K-1 Timing, Extensions and How Distributions Are Taxed
When K-1s arrive, why many investors extend and how cash distributions differ from taxable income.
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Investing Retirement Money in Real Estate: Self-Directed IRAs, Solo 401(k)s and the Processing Checklist
How retirement accounts can hold private real estate, the tax traps to know and how long custodians take.
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Year-End Checklist: What to Review With Your CPA Before December 31
A one-sitting review of your tax position, deadlines and the placed-in-service rule.
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How to Choose a Real Estate Tax Professional
The right CPA saves more than they cost.
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The Final Stretch: How to Invest Before December 31
What has to happen, in what order and how long each step takes, so a year-end investment closes on time.
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