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#173: Building A System To Consistently Find Off-Market 5-50 Unit Multifamily Deals with Justin Wawrzyniak

The Multifamily Wealth Podcast

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The Benefits of a Tick Partnership

One of my partners is from New Zealand. He's a New Zealand citizen. So as a result, we're like 90% of the way through this, you know, purchasing this asset and the bank comes back to us and goes, wait, this guy's not American. We ended up having to do 30 down. It was not that big of a deal. And the other thing that we ended up doing, not knowing of the 1031 benefit later on is we did a tick partnership, tenant in common partnership. As Americans, we don't have to deal with this, but they actually get taxed twice. But I'm glad you asked that because I totally forgot.

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