The Up Plex Mission
Elevating others by providing wealth-building, passive investment opportunities through real estate.
It’s a known fact that owning real estate can be one of the best passive investment vehicles for you. More specifically, apartment buildings and commercial real estate. However, it also comes with an incredible amount of complexities in trying to acquire such assets and we’ve found that to be the reason most beginner investors shy away from pursuing.
So we set out to make it more attainable for investors to invest in these incredible wealth-building assets with confidence. As a limited partner, you get to leverage our time, network, and decades of experience to create peace of mind with every investment you make with us. We do our best to mitigate as much risk as possible. So much so that we won’t offer an opportunity that we aren’t investing in ourselves.
The Up Plex Mission
Elevating others by providing wealth-building, passive investment opportunities through real estate.
It’s a known fact that owning real estate can be one of the best passive investment vehicles for you. More specifically, apartment buildings and commercial real estate. However, it also comes with an incredible amount of complexities in trying to acquire such assets and we’ve found that to be the reason most beginner investors shy away from pursuing.
So we set out to make it more attainable for investors to invest in these incredible wealth-building assets with confidence. As a limited partner, you get to leverage our time, network, and decades of experience to create peace of mind with every investment you make with us. We do our best to mitigate as much risk as possible. So much so that we won’t offer an opportunity that we aren’t investing in ourselves.
Chris Linger
Principal
Chris Linger has an MBA, twenty seven years of active duty Navy services (ret), now full-time apartment syndicator (underwriter and asset management). Mentor to hundreds of aspiring investors.
Maricela Soberanes
Principal
Maricela has been investing in Real Estate since 2006 in Austin TX. She successfully grew a personal rental portfolio before becoming a full-time syndicator. She’s a Navy veteran, self-published author, and a medical missionary to third world countries.
Chris Linger
Principal
Chris Linger has an MBA, twenty seven years of active duty Navy services (ret), now full-time apartment syndicator (underwriter and asset management). Mentor to hundreds of aspiring investors.
Maricela Soberanes
Principal
Maricela has been investing in Real Estate since 2006 in Austin TX. She successfully grew a personal rental portfolio before becoming a full-time syndicator. She’s a Navy veteran, self-published author, and a medical missionary to third world countries.
Our Success Formula
Underwriting & Negotiating
Detailed underwriting determines the amount of negotiating that can be done with a seller on price and terms. Our experience allows us to properly analyze an asset and mitigate as much risk as possible for our investors.
Contract Review / Due Diligence
We have established the best legal and due diligence teams for our syndications. This allows us to simultaneously expedite two incredibly time-consuming tasks that most beginning investors struggle with.
Closing & Reassessment
There is more to closing than just signing on the dotted line and handing over the keys. There is an equal amount of critical work that needs to be completed soon after to ensure the success of a syndication.
Enacting Business Plan / CapEx
We identify and prioritize the necessary projects and execute them based on funding and critical need. Simultaneously, our expert CapEx team gets to work by coordinating with asset and property managers to assist in stabilizing the property.
Stabilization / Refinance
This process usually takes just over 2 years (depending on the market) and involves everything from completing CapEx, to ensuring organic fair market rent growth, to managing tenant turnover, all while working to decrease expenses.
Sale/Disposition
When it comes time to sell, we prepare the property to show as cost-effectively as possible. Once sold, we ensure that we properly close out business transactions and 3 months after the sale, we deliver all sales proceeds (return of capital) to our investors.
Our Success Formula
Underwriting & Negotiating
Detailed underwriting determines the amount of negotiating that can be done with a seller on price and terms. Our experience allows us to properly analyze an asset and mitigate as much risk as possible for our investors.
Contract Review / Due Diligence
We have established the best legal and due diligence teams for our syndications. This allows us to simultaneously expedite two incredibly time-consuming tasks that most beginning investors struggle with.
Closing & Reassessment
There is more to closing than just signing on the dotted line and handing over the keys. There is an equal amount of critical work that needs to be completed soon after to ensure the success of a syndication.
Enacting Business Plan / CapEx
We identify and prioritize the necessary projects and execute them based on funding and critical need. Simultaneously, our expert CapEx team gets to work by coordinating with asset and property managers to assist in stabilizing the property.
Stabilization / Refinance
This process usually takes just over 2 years (depending on the market) and involves everything from completing CapEx, to ensuring organic fair market rent growth, to managing tenant turnover, all while working to decrease expenses.
Sale/Disposition
When it comes time to sell, we prepare the property to show as cost-effectively as possible. Once sold, we ensure that we properly close out business transactions and 3 months after the sale, we deliver all sales proceeds (return of capital) to our investors.
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Understanding Your K-1: A Guide to Partnership & LLC Tax Form
If you’ve received a Schedule K-1, you might be wondering what it is and why it looks different from other tax forms you’re used to. That’s completely normal. K-1s can feel confusing at first, but once you understand what they’re for, they become much easier to handle.
Let’s walk through it step by step.
What Is a Schedule K-1?
A Schedule K-1 is a tax form issued by partnerships and LLCs. These types of businesses don’t pay federal income tax themselves. Instead, their income and expenses are passed through to the owners or investors.
The K-1 shows your share of the business’s income, losses, deductions, and credits for the year so you can report them on your personal tax return.
Think of it as a summary of how your investment or ownership interest performed from a tax standpoint.
Why Did I Receive One?
You received a K-1 because you have an ownership interest in a partnership or LLC—such as a real estate investment partnership or a business partnership.
👉 Important to know:
You should expect to receive one K-1 for each partnership (real estate investment or business partnership) you’re invested in.
If you invested in multiple partnerships, you’ll receive multiple K-1s, even if they’re managed by the same group.
Each year, the IRS requires these entities to report how the business performed and how that performance is allocated among its owners.
Your K-1 may include:
Income or losses
Expenses and deductions
Depreciation
Any distributions you received
Even if you didn’t receive cash during the year, the K-1 still reports your portion of the business activity.
Why Does It Look Different From Other Tax Forms?
K-1s work a bit differently than W-2s or 1099s, which is why they can feel unfamiliar.
For example:
You might see income reported even if you didn’t receive that amount in cash
Losses may appear due to depreciation or business expenses
All of this is standard and expected for partnership reporting.
When Should You Expect Your K-1?
K-1s usually arrive later than most tax documents, often around March. That’s because each partnership must complete its own tax filing before issuing K-1s to investors.
If you’re invested in multiple partnerships, they may arrive at different times, depending on when each partnership completes its return.
While the wait can feel frustrating, this timing is completely normal.
What Should You Do When You Receive It?
Once your K-1 arrives:
Share it with your tax preparer or CPA
Keep a copy for your records
Don’t hesitate to ask questions if something doesn’t make sense
Since everyone’s tax situation is different, a tax professional can help ensure the information is reported correctly—especially when multiple K-1s are involved.
Final Thoughts
A Schedule K-1 may not be the simplest tax form, but it plays an important role in reporting income from partnerships and LLCs.
Knowing that you’ll receive one K-1 per partnership—and understanding why—can make tax season much less stressful. With the right expectations and professional guidance, the K-1 becomes just another part of the process, not something to worry about.
Being informed is always a smart move.
Ready to Learn More?
Reach out today and we’ll guide you step by step, helping you understand how partnership investments work—using real examples of investors growing their retirement wealth.
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