All Forum Posts by: Vania Castillo

I agree with you Mike that the SDIRA is a good instrument and has many benefits that traditional and Roths IRAs don't have. My problem was with that particular custodian, a company that I don't recommend. I' sure that there are better and more eficient custodian companies out there and for sure I'll choose a different one having the opportunity to invest using IRAs in the future.

Hi Ben,

I have a self-directed IRA with Equity Trust Company and I'm very disatisfied with the quaility of their services. As a matter of fact, I won't deal with them anymore. They have been unresponsive and lost documents during my transactions to the point that I had to pay penalties for no funding trasactions on time. I think they are very expensive for the quality of services they provide.

I'd look into another custodian. I'm no the only one here on BP with this opinion about them. Feel free to check other thread regarding self-direct IRA and you will find similar complaints.

I hope this helps you to make an informed decision.

Good luck!

Thank you for sharing Douglas!

I also work with Equity Trust to get funds for a small sindication deal and my experience with them was similar to yours. I had several frustrations with lost paperwork, mistakes and slow processing . I won't recommend them and would no deal with them anymore.

I'll check with you in 2021:)

Hi eveyone!

It was very nice to meet you all and exchange ideas and experiences last evening.

Mike: Great picks! Thank you for putting the visual proof on this thread. Looking forward to the next meeting.

Vania

Hi Alfred,

Your strategy can be done, although in order for you to find investor, I think you need to show them that you have a solid track record, that you have careful research of the deal and that you have "skin on the game".

Here are the SEC regulations:

Under the Securities Act of 1933, a company that offers or sells its securities must register the securities with the SEC or find an exemption from the registration requirements. The Act provides companies with a number of exemptions. For some of the exemptions, such as rules 505 and506 of Regulation D, a company may sell its securities to what are known as "accredited investors."

The federal securities laws define the term accredited investor in Rule 501 of Regulation D as:

1. a bank, insurance company, registered investment company, business development company, or small business investment company;
2. an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
3. a charitable organization, corporation, or partnership with assets exceeding $5 million;
4. a director, executive officer, or general partner of the company selling the securities;
5. a business in which all the equity owners are accredited investors;
6. a natural person who has individual net worth, or joint net worth with the person

Welcome Nick!!

I,m attending the meet up on the 15. It would be great to meet you!

Hello everyone!

I just bumped into this tread and learned I missed the first meeting.

I hope to make it to the next one and might be able to host at my place if there is not a more convenient location.

Please keep me posted!

Hi Ned,

Thank you for sharing your experience. I really made me feel more comfortable and confident that my situation is not as bad as I thought it could be.

There is hope! Let's see what happens and I'll keep posting about my adventure here :)

Sean: I have been investing a little in tax lien and so far when I have gotten something have sold it (Land and commercial property only). This is the first time I might foreclose in residential property.

I consider myself new to investing and thanks to BP I feel a more confident and knowledgeable.

Hello BP community!

I'd like to bring this situation to the forum and see whether someone else has ever encounter this some similar and how they dealt with it.

My investment niche is tax liens: One of my tax lien from last year did not redeem. The property is a nice 3 family house in Providence, RI.

Under other circumstances that would be great news, but I'm concerned because the building (which is the tax lien I bought) and the land have different title ( I don't have a tax lien on the land). Now I'm moving towards foreclosure on the building, but don't know what is going to happen if I successfully foreclose on the building.

Is the owner of the land going to offer the land for an astronomical price? is he going to lease it to me? Is he going to ask me to move my building?

Please help showing me some light about this situation and how to navigate it.

Thank you!

Taxas is superhot....smoking hot!!!

I just heard on the news 24 % increase in RE market in Austin! and Dallas also rose more than 20 %. Wow!!!

James: Go for it!