R is putting together a syndicate for the purpose of constructing four duplexes on a piece of land he now owns. R would like to raise $200,000 for construction of the duplexes. He would allow the investors to share in any income produced and also would like them to have the benefits of the depreciation deductions that would be quite large for the first few years after completion of construction. Advise R on what is available. R also notes that he would "like to avoid the SEC completely."

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The Answer of  R is putting together a syndicate for the purpose of constructing four duplexes on a piece of land he now owns. R would like to raise $200,000 for construction of the duplexes. He would allow the investors to share in any income produced and also would like them to have the benefits of the depreciation deductions that would be quite large for the first few years after completion of construction. Advise R on what is available. R also notes that he would "like to avoid the SEC completely."

R Is Putting Together a Syndicate for the Purpose of Constructing