Real estate syndications use two share classes: Class A for cash-paying investors including managers who contribute cash or unpaid fees, and Class B as a nominal class that creates tax basis but holds no real economic stake.
So don't count your investment separate from investor money. So the way we set it up is Class A, Class B. There's 2, at least 2 classes in all of your LLCs. Class A are all cash-paying investors, including the members of the management team who contribute cash or leave unreimbursed expenses or unpaid fees in the deal. For the duration of the project. And then Class B doesn't really, it pays a nominal amount just to establish a cost basis for tax purposes. Things you can do to accelerate your learning from us, read the book. I wrote this specifically to be more like an encyclopedia. The table of contents is very detailed. Go to the table of contents and go to the chapters that, that are important to you.
