All Forum Posts by: Ryan Arth

@JD Martin

I noticed that Bob Stevens/Prisco still has an active profile on here, under Bob S. All of his posts still show up as well. If BP decided he was violating TOS, then it would be best if he got the "account closed" treatment, to stop people from seeing old posts and contacting him.

https://www.biggerpockets.com/users/bobs330#0

Yeah it seems like if you get kicked off BP all posts should be removed. It's just easier for them than possibly allowing something left out that could be questionable, from someone who obviously broke the rules. For example, people could see an old comment from Bob Prisco/Stevens and find him and it could possible not go so well for them. 

I'm sure BP doesn't have liability in that scenario, but it's good community service, since they themselves banned the person.  

And like Matt Motil is going to prison, but was never kicked off of BP, so his profile is still active. So that's another scenario. 

You are correct, I was speaking more broadly about what can be done with retirement funds, not specifically in an SDIRA account. People can utilize the ROBS program to achieve some of the options mentioned. 

As always, check with your professionals before making decisions.

Brett, They could start a multi-member LLC that both of their SDIRA LLCs are the members of, yes? It just might be a bit of accounting/legal work for a small investment though, so your mileage may vary.

 One of the local providers here charges $50 to set up an account and an annual fee based on funds under management. The fee for $250K is $600/yr. For $1M it is $1500/yr. There are also small fees ($50) for real estate valuations, wires, etc. 

Yes, you lose some of the benefits of long term rental real estate, but there are many other things that can be done with the SDIRA. You can own your rentals in your taxable business, using your SDIRA funds for rehabs, builds, small business purchases, etc. Things that are more active. You can also partner with others (or yourself), loan funds to others, etc. 

@Alan Siciliano We have a lot that is zoned for a duplex in Kent. We are just beginning to plan the build now, and will be selling it when complete.

@Amir Khan I expect that we are headed that direction on MF assets as well. And possibly on our spec builds. 

@Jeremy Horton An interesting counterpoint to your comment would be Redwood Living. They have more than 12,000 build to rent units over a few decades. They are local to me, but work in multiple states. They build communities of side by side duplexes. I listened to an interview with the founder recently in which he said they build 1300sqft with a 2 car garage, on a slab, and their average rent was $1700 (midwest). Their primary demographic is downsizers who are used to a house but just wanted a fixed payment and no maintenance. 

They are very dialed in, raising capital per community, and then cash out refinancing and returning capital.

We had considered this model for a portion of a development we are working on, but zoning only allows 20% of the site to be attached doubles and I don't know if I want to try to convince them otherwise. 

@Huiping S. You could look into investing alongside others into a project with your SDIRA. Whether that is a single family home or a piece of a syndication. 

@Sakheni Dlamini

"I know this is perhaps a C+ area"

You do not know that.