All Forum Posts by: Allyson Edwards

Great advice, I would do both and step one talk to a lender so you know where you can start analyzing those deals, and I think they can pull soft credit bc its your right to shop lenders which means dinging credit isn't fair to the smart shopper.

Congratulations @Brandon Turner you have changed so many lives including mine for the better. You are a positive domino effect, because of you I pushed myself outside the box and through my comfort zone. I met so many people in this forum that have also changed my life for the better because of you. So I am forever grateful. I wish you all the love and success in your future endeavors.

Elenis,

Love this story and how human it is.

congratulations!

@Jason C. HUGE Congrats!!! What a great milestone!

Wondering how many years did it take you to get to 10?

Cheers to the next 10!!

Based on #3 Maybe you would like to invest your money in syndications. Its pretty passive. Not a lot of work on your part except finding a syndicator you like.

If you want to have physical properties then I would first start with how much money you have then based on that number look for a market where you can buy 1 maybe even 2 homes. Maybe buy one home for cash and second with a 25 to 30 % down payment. There are a lot of areas out of CA that you can do this. But starting with how much money you have is good start bc then you can narrow down the areas that work with your number.

https://medium.com/@allynardo/...

Hey Kyle,

Let me know when you hit Camarillo, would love to meet up with you.

Ally

This sounds like Americans will likely have $1000/ month more of new shoes, clothes, and gadgets to me.

@Gamaliel M.

I have to say I do love my syndication deals. I have one rental in NC that is managed by a PM which on occasion can be a hassle being out of state. My other rental is in state and self managed.

All in all it just depends on your comfort and how much time you want to invest.

Thats the pro of syndication...its almost like "set it and forget" and the checks get deposited. A con might be that your funds are tied up for 3 to 10 yrs and depending on the syndicator you may not be able to liquidate. One really great way to invest in syndication is through a self directed 401K, in this case your money is tied up any way until you're 65+ so doesn't really matter.

Or you can manage your place on your own and just hope you get a great tenant. If thats the case my best advice there is to VET like your life depended on it. And don't get nervous if you have a bit of a vacancy. It will be better to put a well placed tenant than to just throw the first renter that comes along because you were afraid of vacancy.

I have both rentals and syndications and Im quite happy with both. So ultimately its a personal preference. If you would like some info on syndicators I can give you some referrals and you can do some DD for yourself. But I am quite happy with the Syndicators I am working with so far. 

Ellie Perlman has a great blog you can read more about it.

https://www.ellieperlman.com/blog

Joe Fairless also has a podcast, Im sure you can find more info there as well.

Good Luck

Ally

@Klodian H. 

@Dmitriy Fomichenko is correct you can convert your current IRA to a SD401K, check book controlled trust account and use those funds to invest in real estate, syndications, as well as gold, notes, and tons of other investments. But all returns must go back in to your SD 401K. The beauty is you have control of your investments. Your returns are tax deferred, and you can keep reinvesting. Its a beautiful thing. 

I don't think there is "protection" of assets however as you mention above.