James Bohan CFO

James Bohan CFO A CFO with both institutional and entrepreneurial experience.

At Stonehan we focus on providing white-glove tax, CPA, & financial services for sophisticated real estate investors, family offices, and private equity fund managers. Providing elite financial services for the real estate industry with a contrarian takes on taxes, finances and investing.

06/04/2026

A lot of investors spend more time negotiating small operational expenses than they do thinking about long-term tax strategy.

Meanwhile taxes end up being one of the largest expenses attached to the investment over time.

That’s usually the disconnect I see.

People focus heavily on acquisition, financing, and operations, but the tax side often becomes reactive instead of intentional.

The investors who usually keep more of the upside long term are the ones thinking about structure and planning before the transaction is already moving.

Where do you think most investors wait too long to start planning?

I’ve seen investors back themselves into deals they didn’t even really want because the 1031 timeline started controllin...
06/03/2026

I’ve seen investors back themselves into deals they didn’t even really want because the 1031 timeline started controlling the decision making.

Once the sale closes, the pressure ramps up fast:

• 45 days to identify
• 180 days to close
• and suddenly the priority becomes completing the exchange instead of finding the right deal.

Sometimes that still makes sense.

But I’ve also seen situations where using depreciation from the next acquisition created a much cleaner outcome without forcing the investor into a rushed timeline.

The biggest issue is most people don’t look at these options until after the process already started.

By then, most of the flexibility is gone. The best tax planning usually happens before the property even hits the market.

Have you seen investors force acquisitions just to complete a 1031?

06/01/2026

One of the fastest ways I can tell whether someone actually understands fund structures is by how quickly they spot entity issues.

I had a conversation recently where a structure decision could have created a massive long-term tax problem as the business scaled.

The interesting part is the issue wasn’t hidden. It just hadn’t been looked at from the right perspective yet.

That’s the part a lot of people underestimate about real estate fund tax work. The return itself usually isn’t the hard part.

The structure is.

A small decision early on can create very large downstream consequences later once the deal, fund, or management company starts growing.

What’s the biggest structure mistake you’ve seen someone make early that became expensive later?

05/29/2026

Full speed looks good.

Momentum is there
Everything feels like it’s working

But speed and control aren’t the same thing.

I see this a lot with funds.

Deals are moving
Updates are going out
Everything looks active

But the structure underneath isn’t always keeping up

That gap usually shows up later.

Where have you seen momentum hide underlying issues?

AI is moving fast. It can process data quickly, BUT I’ve seen where that creates problems. Not because the numbers are w...
05/29/2026

AI is moving fast. It can process data quickly, BUT I’ve seen where that creates problems. Not because the numbers are wrong, but because everything looks right at first.

Allocations tie out. Returns reconcile.

Then you step back and look at how the fund was actually structured, and something doesn’t line up.

That’s usually where it starts. Not the math. The structure behind it.

Have you seen this come up before?

05/28/2026

Done is better than perfect.

Most people wait too long trying to get everything right, when in reality, you just need to start, iterate, and figure it out as you go.

That’s how businesses actually get built.

Great conversation with in Accounting, Offices and Roman.

05/28/2026

The numbers are just the starting point. I’ve seen situations where everything looks correct on paper, but no one is actually thinking through what it means.

That’s the difference. Not just preparing the return, but stepping back to ask what could be done differently, what’s missing, and what’s coming next. That’s where the real value shows up.

Where have you seen this make a difference?

05/27/2026

If you’re starting a firm, don’t wait to hire.

Build systems early, invest sooner than feels comfortable, and move fast once you see traction.

Great conversation with in Accounting, Offices and Roman.

Most fund managers treat capital raising like a volume problem.I’ve seen this play out over time. You can raise the capi...
05/26/2026

Most fund managers treat capital raising like a volume problem.

I’ve seen this play out over time. You can raise the capital, but if the investors aren’t aligned, it shows up later.

Usually when things don’t go exactly as planned. That’s when the questions start, and the pressure builds.

The managers who think about investor fit early tend to avoid most of that.

Have you seen this show up more after the close?

Address

Coeur D'Alene, ID

Website

https://offer.stonehan.com/lp

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