I need to speak with a RE-CPA as well ..

[Chris M.]

I have reached out to some local people (referrals etc) but I would like to speak with someone who is familiar with building RE portfolios and using BORSA... anyone here feel free to reach out or reply.  Thank you.

[Brian Eastman]

@Chris M.

Borsa is simply the privately branded name of the ROBS program as offered by a particular vendor.

ROBS stands for Rollover as Business Startup.  Such plans allow you to utilize existing tax-deferred retirement savings to capitalize a business in which you are directly involved.  There are no taxes associated with having the retirement plan become a shareholder of your business, but the business itself will operate in the taxable realm as a sub-chapter C corporation.

This structure has been around since the 1980's and is commonly used in the franchise acquisition realm.  In the real estate space, such a program would work for someone interested in operating a real estate development and construction company, but not for passive investment holding activities.

Very few CPA's will be intimately familiar with this program, though surely some are.  Your real need for a CPA in this space is someone who can assist you in actually running the C-Corporation that will be the plan-funded business.  The intersection between the business and the retirement plan should mostly be handled by a quality ROBS plan provider, and they will generally work with your business CPA.