In this insightful discussion, seasoned tax experts Matt Hamilton and Nathan Sosa from Hall CPA delve into the intricacies of real estate syndications and funds. They highlight critical differences between syndications and funds, stressing the importance of selecting the right structure. The duo reveals common tax traps, such as K-1 timing issues and the significance of aligning operating agreements with tax economics. Additionally, they share what syndicators should seek in a CPA to safeguard both their reputation and investor returns.
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insights INSIGHT
What A Syndication Really Is
A syndication pools passive investors to buy a single tangible asset like multifamily or industrial property.
Limited partners supply capital and have no management control, unlike active smaller partnerships.
insights INSIGHT
How Funds Differ From Single-Asset Deals
A fund raises capital for multiple assets under a stated investment strategy rather than one specific property.
Investing in a fund means trusting the manager's judgment across deployments, not a single asset pitch.
volunteer_activism ADVICE
Pick Structure Based On Operational Capacity
Choose a fund only if you can manage capital at scale and handle ongoing investor onboarding and reporting.
If you prefer one-off assets, start with single-asset syndications and outsource operations as needed.
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In this episode of the Tax Smart REI Podcast, Thomas Castelli sits down with Matt Hamilton and Nathan Sosa, co-hosts of the Major League Real Estate Podcast and leaders at Hall CPA, to unpack the complex world of real estate syndications and funds and the tax traps that even seasoned operators overlook.
Matt and Nathan work directly with large private equity clients and syndicators, managing tens to hundreds of millions in assets. Together, they break down what it really takes to structure deals, protect investors, and stay compliant when managing other people’s money. From operating agreements to bonus depreciation, this episode reveals why running a syndication isn’t just about raising capital. It’s about running a business the right way.
You’ll learn:
- The key differences between syndications and funds (and how to choose the right structure)
- The biggest mistakes operators make with their operating agreements and tax allocations
- How to avoid costly issues with K-1s, depreciation, and recapture
- What fund managers must know about open vs. closed funds and investor onboarding
- Why choosing the right CPA can protect your reputation and your investors’ returns
Whether you’re an experienced syndicator or just thinking about launching your first fund, this episode is packed with essential insights on how to operate, report, and grow like a professional, without putting your investors or your business at risk.
To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6
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go.therealestatecpa.com/41JuQBX
The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Any mention of third-party vendors, products, or services does not constitute an endorsement or recommendation. You should conduct your own due diligence before engaging with any vendor.
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