La misión de Up Plex

Elevar a otros brindándoles oportunidades de inversión pasiva y generación de riqueza a través del sector inmobiliario.

Es un hecho conocido que poseer bienes raíces puede ser uno de los mejores vehículos de inversión pasiva para usted. Más específicamente, edificios de apartamentos y bienes raíces comerciales. Sin embargo, también conlleva una increíble cantidad de complejidades al intentar adquirir dichos activos y hemos descubierto que esa es la razón por la que la mayoría de los inversores principiantes se abstienen de intentarlo.

Por eso, nos propusimos hacer que sea más alcanzable para los inversores invertir en estos increíbles activos generadores de riqueza con confianza. Como socio limitado, puede aprovechar nuestro tiempo, red y décadas de experiencia para generar tranquilidad con cada inversión que realice con nosotros. Hacemos todo lo posible para mitigar la mayor cantidad de riesgos posible. Tanto es así que no ofreceremos una oportunidad en la que no estemos invirtiendo nosotros mismos.

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 tiene un MBA, veintisiete años de servicio activo en la Marina (retirado) y ahora trabaja a tiempo completo como agente de consorcio inmobiliario (suscriptor y administrador de activos). Es mentor de cientos de aspirantes a inversores.

Maricela Soberanes

Principal

Maricela ha estado invirtiendo en bienes raíces desde 2006 en Austin, Texas. Hizo crecer con éxito una cartera personal de alquiler antes de convertirse en distribuidora a tiempo completo. Es una veterana de la Marina, autora autopublicada y misionera médica en países del tercer mundo.

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.

Nuestra fórmula del éxito

Suscripción y negociación

La suscripción detallada determina el grado de negociación que se puede realizar con un vendedor sobre el precio y las condiciones. Nuestra experiencia nos permite analizar adecuadamente un activo y mitigar el mayor riesgo posible para nuestros inversores.

Revisión de contrato / diligencia debida

Hemos creado los mejores equipos legales y de due diligence para nuestras sindicaciones. Esto nos permite agilizar simultáneamente dos tareas que consumen muchísimo tiempo y con las que la mayoría de los inversores principiantes tienen dificultades.

Cierre y reevaluación

El cierre implica mucho más que simplemente firmar en la línea de puntos y entregar las llaves. Hay una cantidad igual de trabajo crítico que debe completarse poco después para garantizar el éxito de una sindicación.

Implementación del plan de negocios / CapEx

Identificamos y priorizamos los proyectos necesarios y los ejecutamos en función de la financiación y la necesidad crítica. Al mismo tiempo, nuestro equipo experto en gastos de capital se pone a trabajar en coordinación con los administradores de activos y propiedades para ayudar a estabilizar la propiedad.

Estabilización / Refinanciación

Este proceso suele tardar un poco más de 2 años (dependiendo del mercado) e implica todo, desde completar el CapEx, hasta asegurar un crecimiento orgánico y justo del alquiler en el mercado, hasta gestionar la rotación de inquilinos, todo mientras se trabaja para reducir los gastos.

Venta/Disposición

Cuando llega el momento de vender, preparamos la propiedad para mostrarla de la forma más rentable posible. Una vez vendida, nos aseguramos de cerrar adecuadamente las transacciones comerciales y, 3 meses después de la venta, entregamos todos los ingresos de la venta (retorno de capital) a nuestros inversores.

The Numbers

Don't Lie

$100M

PORTFOLIO

UNDER MANAGEMENT

2500+

DOORS

2006

INVESTING SINCE

5

INVESTED IN MARKETS

(FL, AZ, TX, PA, OH)

The Numbers Don't Lie

$100M

PORTFOLIO

UNDER MANAGEMENT

2500+

DOORS

2006

INVESTING SINCE

5

INVESTED IN MARKETS

(FL, AZ, TX, PA, OH)

Vea Nuestro Último Blog

crna

Surprise IRS Penalties: What Every 1099 Earner Needs to Know About Quarterly Taxes

May 26, 20253 min read

If you're earning 1099 income—even alongside a W-2 job—there’s something you absolutely must know to avoid unnecessary IRS penalties.

I recently came across a Facebook post from someone who thought they were doing everything right: saving 32% of their 1099 income, paying their full tax bill, and still ended up getting slapped with a $1,300 penalty from the IRS.

How?
Quarterly tax payments. Or more specifically, the lack of them.

Let’s break it down—because this situation is more common than you think.


The Scenario: Full Payment, Still Penalized?

Here’s what happened:

  • The couple both have W-2 jobs and claim 0 allowances (meaning maximum taxes are withheld).

  • On top of that, they earn additional 1099 income and sent the IRS a check for nearly $40,000 to cover those taxes.

  • Despite paying in full, the IRS sent them a notice saying they owed $1,300 in interest and penalties.

The IRS agent explained the penalties were due to failure to make estimated quarterly payments throughout the year—even though the final amount was paid.

And here’s the kicker:

"No one told them they had to."

Not their CPA.
Not the IRS.
Not any tax notice or document in advance.

The IRS representative confirmed: “We’re not obligated to notify you.”


Why Quarterly Taxes Matter (Even if You Pay in Full)

Most W-2 earners are used to having taxes automatically withheld each paycheck. But with 1099 income, you’re responsible for paying your own taxes, including:

  • Income tax

  • Self-employment tax (Social Security & Medicare)

  • And, yes—paying it quarterly

The IRS expects four estimated payments per year, due in April, June, September, and January. If you skip these—even if you pay the full amount later—you could still face penalties and interest.


Here's What Went Wrong

This taxpayer made a common mistake:

  • They saved enough (32%) for taxes.

  • They paid everything they owed.

  • But they didn’t pay on the IRS’s timeline—which caused the penalty.

To make things worse, their 2024 penalty was based on their 2023 tax liability, which was unusually high due to a 401(k) withdrawal for an emergency. So the IRS expected similarly high quarterly payments the following year, even though their actual income might have changed.


What Can You Deduct? What Are You Missing?

The post ended with an important question many independent contractors ask:

“What am I doing wrong? What can I deduct?”

Here are some common deductions for 1099 contractors that people often overlook:

  • Home office deduction (must be a designated space used exclusively for work)

  • Office supplies & equipment

  • Professional subscriptions or licenses

  • Continuing education

  • Phone and internet (portion used for work)

  • Business insurance

  • Legal and accounting services

  • Health insurance (if self-employed)

Important note: If your locum company reimburses mileage, you can’t deduct vehicle expenses again—that would be double dipping.


Key Takeaways: Avoiding the Surprise Bill

  1. Yes—you must pay quarterly estimated taxes on your 1099 income.

  2. The IRS does not notify you that you’re required to.

  3. Even if you save responsibly and pay in full, you can still owe penalties for timing.

  4. Your prior year’s tax liability determines your estimated payment requirement.

  5. Having a proactive CPA or tax advisor who works with 1099 earners is crucial.

  6. Don’t wait for a surprise letter from the IRS—plan proactively.

Final Thoughts

This isn’t just a frustrating story—it’s a teachable moment for anyone working as an independent contractor, freelancer, or locum professional. Tax season shouldn’t feel like a guessing game.

If you're transitioning to 1099 income or already there, take charge of your tax education now. Ask questions, work with knowledgeable professionals, and understand your obligations early—because the IRS won’t warn you before penalties hit.

Have you faced a similar issue or have tips on managing 1099 income? Share your story in the comments—I’d love to hear from you.

CRNA

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Gestores de activos dedicados a ayudar a otros a través de la educación sobre creación de riqueza y la inversión pasiva a través de bienes raíces.

CARTERA DE ACTIVOS

invest@up-plex.com

1401 Lavaca St., #191, Austin TX 78701

Copyright © 2022 Up Plex Multifamily All rights reserved.

Our Success Formula

Deatiled breakdown

Underwriting & Negotiating

Contract Review / Due Diligence

Closing & Reassessment

Enacting Business Plan / CapEx

Stabilization / Refinance

Sale / Disposition

Underwriting & Negotiating

When you invest with UpPlex, you can be sure that the passive investor opportunities we offer are thoroughly vetted by our experienced legal and due diligence teams. The right legal team is imperative for streamlining the processes of establishing contracts, preparing SEC filings, vendor contract reviews, and more. Just as important is our due diligence team. They analyze CapEx, rent rolls, market demographics, job/population growth, lease agreements, profit and loss statements, financials, and more. Both teams require highly specialized professionals in order to help us quickly determine if an asset is worth continuing to pursue once we have it under contract. This in turn allows us to continue looking for other opportunities that we can provide to our investors

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Date 16 June 2023 / Comment 0

In the realm of investment opportunities, there are several ways to raise capital, each having their own rules and criteria. In the United States, two well-known choices for private investments are the 506(c) offering and the 506(b) offering. In this blog, we will explore the qualities, distinctions, and advantages of these two investment options. Therefore, […]

The Power of Diversification

Date 20 May 2023 / Comment 0

Diversification in Real Estate Assets: Real estate has long been considered a stable and lucrative investment avenue. Investors have traditionally focused on residential and commercial properties, but the world of real estate investing has expanded significantly in recent years. One strategy that has gained prominence is diversification in real estate assets. In this blog post, […]

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Date 5 May 2023 / Comment 0

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Asset managers dedicated to elevating others through education in wealth-creation, and passive investing through real estate.

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