Anyone ever bought an investment property through SDIRA Wealth?

[Ana Maria]

I am a first time real estate rental property investor. I recently saw a YT video on SDIRA wealth with Morris invest and called them. I only spoke with one person so far and they scheduled for more information gathering/ rental investment calls from them this upcoming week. The one guy I spoke with said they make money only when they sell to potential investors and they only sell new construction homes that are usually pre-leased to buyers (currently they are building in Texas state and Missouri State). Also I can start with 50K inital investment rest is financed & maintenance will be free for first few years is what he said.

I have seen some very bad reviews for the old Clayton Morris firm but not many reviews for the new Josh Gilmore (josh@sdirawealth) SDIRA wealth firm.

Has anyone done recent business (2023 or 2024) with SDIRA Wealth? Did anyone invest with SDIRA wealth in the past?

Also, I am thinking of investing into real estate via a new Self Directed Roth Solo 401K account due to tax free distributions after age 59 1/2 instead of SEP IRA, any thoughts? Thanks in advance!

[Johnny Brown]

I’ve invested in two states, including three properties in Texas. It’s important to note that all markets have mixed neighborhoods, so careful consideration of the location is essential.

The advantages of working with SDIRA Wealth is in their extensive market research. They have been developing land and building projects I believe for over 20 year now. They seem to have a great system and I know they spend years before deciding on where to build there projects.

On one of my visits to meet the team they were showing me the many areas in the US they decided not to build or locations that made more sense for higher renter demand. For example they only buy land and build in land lord friendly states.

Before they buy land to build on, they thoroughly analyze key market indicators such as population growth, occupancy rates, job growth, and even prioritize top school districts. I think this approach ensures that every aspect of the chosen location is carefully scrutinized, helping investors make informed decisions. They should provide this information to you before you buy a property. I would recommend getting this level of detail from whoever you buy from.

Understanding the intricacies of the area they’re building in is crucial, as it reflects their intentional selection process. Unlike investing in random properties, their methodical approach ensures that each investment is strategically placed for the best potential. I have personally tried to do this on my own and made this mistake.

Everything my family purchased from them is long term buy and hold. I have also referred many people (mostly business owners) who are looking for ways to lower their taxes with cost segregation to their team. Overall I am happy with them.