All Forum Posts by: Heath Jones

@Daman Gandhi So far so good... will know better about May collection in a few more days.

@Tamar Hermes Still collecting... will reply back in next 6 days 🤞

@Josiah Patrick Zebarth My kids... literally 😂

@Noah Gregory I have 3 new leases signed in the past two weeks, 2 move ins and 1 move in scheduled for Monday. I receive 1-3 emails or phone calls from interested renters a day. Don’t be scared roger started!

@Christopher Smith Start building a team. If investors don’t find you credible, then partner with someone or a group of people who may have some more credibility. Partner with someone who sees your value and has the skin to put in the game. If you are going after investors for their capital as a very young lone wolf with zero experience, of course they are going to have reservations about handing over a huge chunk of their money. The reason why they would feel more comfortable if you had skin in the game is because you may be less likely to fail if you had your money in there too. You would be motivated to succeed and not fail by the risk you share with them. You can’t take it personally.

Partnering with someone with the skin to put I. The game is a great strategy. Read and watch anything you can by @Sterling White here on BP. That dude has inspired me so much. Keep up the hard work, just know it won’t go unproved for long! Good Luck!

@Casey Roman Bottom line. Invest your money as a part owner in a multifamily syndications. We are all working toward being truly passive investors. That’s the quickest way if you already have the capital. The only work you do is on the front end vetting out the sponsors and the deals since you wire the money, you just collect checks until the team exits the deal and then you get a big check to reinvest...

@Casey Roman You should look for a multifamily syndicator and invest in a deal with them as a limited partner. If the deal sponsor is experienced and the business plan is sound, then your money will make monthly or quarterly cash flow, and then at the time of sale, you will get your initial capital back and then also get an additional profit of any where from 50-125k depending on how much appreciation the sponsor was able to force. Then you take that and reinvest into another syndication and grow your money that way.

In addition, as a limited partner owner, you receive all the tax shelter benefits associated with owning real estate such as depreciation. You don't have to BRRRr. You don't have to mess with tenants and toilets. If I had 100k to invest, I would not by myself another job, which is what you would be getting if you bought a SFR or even a small MF (I have both). I'm working this "second job" in order to grow my capital enough to start investing passively into MF syndications. You should too! Good luck!

@Tushar P. I do not know the eQRP process, you'll have to speak with them to get more information. I unfortunately can not move my TSP until I'm no longer working so I haven't gone through the process. Also, Solo401k and SD-IRA custodians will tell you they offer an eQRP or some form of an eQRP, but it is not the same as what the eQRP company offers. The custodians' version of an eQRP does not avoid as much UBIT tax and you will still always have to transact through the custodian for a fee (as I understand it).
I may be wrong, but I felt like the SD-IRA guy got a little uncomfortable when we started asking about UBIT taxes and transaction fees... 

Either way, I would suggest speaking with a couple custodians and the eQRP company, collects all the facts, gather information from each and then go back and ask the others new questions from the new information you’ve learned. Then go with the one that works best for you and your situation. Hope this helps. Good luck!

You should look into using eQRP which is a company that gets you the checkbook control of your retirement funds you're looking for to buy real estate, but their patented process allows you to avoid UBIT Taxes which will save you thousands compared to an SD-IRA. The main differences we found were:

1) How much you will pay in UBIT taxes on the money your funds make.

2) For SD-IRA you have to go through a custodian to move money and make transactions, for eQRP you are your own custodian (no middle man).

To be honest, the eQRP link below seems a little sales-y and looks like a lot of those "to-good-to-be-true-learn-how-to-make-money-fast-and-easy-and-more-so-much-more" website offers that we all come across in the real estate world and I just immediately close the internet browser window because I'm afraid I'm going to get spammed to death with emails. 

Regardless, it is an interesting option for getting access to your retirement funds for investing in real assets and I know a lot of people in the multifamily space that have used eQRP. If you want, you can at least check it out as an option. Take care and Good luck!!!

eQRP information: https://book.eqrp.co/hsquaredcapital/

@Jay Hinrichs Who all is nervous about May’s rent? Should we be more worried about getting all of June’s?