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All Forum Posts by: Jared W Smith

Jared W Smith has started 27 posts and replied 640 times.

Post: Self-Storage Fund for non-accredited persons

Jared W Smith
Posted
  • Architect
  • Westchester County, NY
  • Posts 652
  • Votes 459
Quote from @Account Closed:

I'd either work with someone to do DD on the PPM or make sure you understand the offering completely. 

Who is the sponsor?

Yes I would be reviewing the offerings very carefully. 

@Account Closed Not understanding the last part of your post? ..the sponsor of what? Please clarify. Thanks  

Post: Self-Storage Fund for non-accredited persons

Jared W Smith
Posted
  • Architect
  • Westchester County, NY
  • Posts 652
  • Votes 459
Quote from @Chris Seveney:

@Jared W Smith

We run a fund for non accredited investors through regulation a+ but our fund is primarily mortgage notes and residential / small MF.

For self storage, Here is one which I am NOT affiliated with so cannot comment on them

https://www.sec.gov/Archives/edgar/data/1921843/000147793222007875/adpi_1a.htm

Thanks @Chris Seveney . I’m actually in your fund already! Got everything set up last month. 

Thanks for the link. I will check it out for sure.

Post: Self-Storage Fund for non-accredited persons

Jared W Smith
Posted
  • Architect
  • Westchester County, NY
  • Posts 652
  • Votes 459

As the post title says, I am interested in joining a fund which invest in commercial real estate, specifically self-storage facilities. I am not an accredited investor which I know limits options. bonus points if the fund you recommend is one you’re a part of. Thanks in advance 

Post: Issued Wrong Permits

Jared W Smith
Posted
  • Architect
  • Westchester County, NY
  • Posts 652
  • Votes 459

What @Chris Seveney said exactly.
As an architect, I am tasked with that analysis in phase one before anything is designed. County takes no liability for their own errors. They can always just say, check the Building Codes where it will outline requirements precisely. I take the liability for my clients to know what is required and design within that compliance bubble. What you don’t know can hurt you. I hope it pans out but Residential Code is typically vastly different than the Building Code. Could have to retrofit some things for compliance. All the best 

Jared W. Smith, RA - Principal Architect at Architect Owl PLLC 

Post: Just saying hello from Westchester County

Jared W Smith
Posted
  • Architect
  • Westchester County, NY
  • Posts 652
  • Votes 459

Welcome @Jason Nacerino

I am located in Yonkers and do work throughout Westchester County with some project further north and south in NYC. 

Newburgh is an interested City. I have been up there a few times with a couple projects I have there. It's definitely transitional at the moment but who knows when it will be "great" as many are speculating. I would say go there and see for yourself. There are some rough areas so be careful. 

Jared W. Smith, RA - Principal Architect at Architect Owl PLLC

Post: Conversion of two family to three

Jared W Smith
Posted
  • Architect
  • Westchester County, NY
  • Posts 652
  • Votes 459

As another Architect here, I agree with both post by @Alex Furini

FYI- I always complete a zoning & feasibility analysis before even starting design to assess the minimums, maximums and site parameters. It would not be prudent for me to do a complete set of construction documents before doing so, regardless if the Owner/Client request so. This is standard due diligence and part of my base fee.  

Jared W. Smith, RA Principal Architect at Architect Owl PLLC

Post: Gut rehab inherited property tips?

Jared W Smith
Posted
  • Architect
  • Westchester County, NY
  • Posts 652
  • Votes 459

I am glad others have chimed in on hiring an Architect. Yes, get and review local Architects familiar with this type of work and can be your eyes and ears for the project ensuring they have your best interest in mind to prevent Contractor mishaps and/or taking advantage of you. 

@Crystal Smith has a good point to engage a self-certifying Architect however realize this puts more liability on him/her and could be more costly, however typically when done here in NYC, it makes getting permits much much quicker. Weigh in on the odds for either approach. All the best @Account Closed

-Jared W. Smith, RA - Principal Architect at Architect Owl PLLC  

Post: Self-Directed Solo 401k for Notes needs LLC?

Jared W Smith
Posted
  • Architect
  • Westchester County, NY
  • Posts 652
  • Votes 459

UPDATE: Went ahead and opening Self-Directed solo 401k account with Titan Bank. Awaiting old 401k rollover funds to clear to start investing.

Post: Self-Directed Solo 401k needs LLC?

Jared W Smith
Posted
  • Architect
  • Westchester County, NY
  • Posts 652
  • Votes 459

UPDATE: Went ahead and opening Self-Directed solo 401k account with Titan Bank. Awaiting old 401k rollover funds to clear to start investing. 

Post: 40K-45K for architect for 2 story ADU in Los Angeles?!

Jared W Smith
Posted
  • Architect
  • Westchester County, NY
  • Posts 652
  • Votes 459
Quote from @Chris Morris:
Quote from @Kristina Kendall:

I don't know the cost of ADU design but I saved about 75% of architect fees on our lake house by buying a plan online. I used house plans .com for the basic design we wanted and then the architect made adjustments to that for our elevation and the random changes (doors/windows/etc) that we wanted. If you don't need a really custom design, you might see if there is a premade one you can start with to save some fees there.


Thanks for responding, Kristina. In my case, I need a custom build, as the space is constrained and I unusual requirements. :-)


In future, best to lead with the uniqueness of your project when asking if a service is too costly. Everyone in the comments above that exclaimed that $45k is way too much is likely comparing that cost to a very basic scope of services. Architects quote costs based on the project location/locale, services needed and complexity (the expected time spent to resolve the problem/issues and get your project through completion). Definitely a reason for a higher cost.