All Forum Posts by: Jared Friedman

why would you ever want to transfer money from a never taxed Roth 401k to a regular 401k unless you want to give your money to the government. Dont do it.

I’ve invested several times with PPR for their 10% and 12% 3 year funds.  You’ll have a hard time finding a company better than PPR.  I believe it’s sometime like 10+ years or longer that they’ve paid investors like clockwork.  

It’s been almost 2 years since I’ve invested with sunrise.  They do just about every month or so investor calls and K1 has been prompt.  If a 10 year investment horizon is an issue than this is definitely not for you.  It’s mobile home parks and parking lots so it’s not a quick flipping syndication or anything like that.  It’s stable cashflow and long term appreciation and tons of accelerated bonus depreciation on taxes. like most anything in real estate it’s a long term play. 

I’ve invested with both wellings and sunrise   Wellings invests in other peoples funds   They do the due diligence on various operators and invest in only the best ones.  Their funds are very diverse in mobile home parks, self storage , industrial, Multifamily, etc   So they are like a fund of funds. Sunrise on the other hand invests in mobile homes and parking lots for the most part.  They buy and source their own deals.  I’ve had great experiences with both wellings and sunrise.  

@David Cozzi

An SDIRA is one of the best ways to put YOU in control of your future. The fees are tiny compared to the fees charged by most mutual funds. The difference is you see the fees with an sdira as opposed to mutual funds where fees are baked into the returns so you don’t really see them even though they are there. I’d rather be in control of my future by being able to purchase real estate, syndications, notes, etc with more predictable returns and actual assets to back them. Much less risk vs stocks in my opinion as long as you do your due diligence.

@Payman A.

You can easily do a 1031 and buy into a Delaware statutory trust DST in a self storage syndication.

I’ve used highlands residential mortgage for a bunch of them. 

I have both free and clear rentals along with 10 mortgages. I take advantage of the cheap rates right now and finance properties. Once I hit the maximum of 10 loans I snowball all my cashflow and pay off 1 loan at a time freeing up a spot to get another loan. This way you’ll have a mix of free and clear properties along with taking advantage of cheap money. It’s a hybrid approach but it lets me sleep at night knowing my paid off rentals can cover my loans in case things go bad.

@Anthony Vander Meer

If you reside in California you'll be stuck paying an Annual $800 LLC tax for each LLC you own. If you own several properties and want them all in separate LLCs it will take a big bite out your investments. California residents get screwed on LLCs. An umbrella is a must. Even if you don't own real estate just think about a lawsuit when you get in a car accident. Everyone should have an umbrella policy to cover their net worth. It's super cheap and covers slip and falls and just about everything in between. As long as your not a slumlord and follow all laws and take care of your property and tenants than an LLC is really a false sense of security. Never heard of a single sole ever say an LLC protected them in a lawsuit when they had umbrella insurance. Insurance is layer #1 in a lawsuit. Load up on insurance. Its super cheap.

@Cody Smith

For 99% of an investors an umbrella policy is all you need. LLCs are highly overrated and there are so many ways around an LLC. Slip and falls or any type of lawsuit and you are covered with an umbrella policy. I have never heard of anyone who has ever been sued for more than their umbrella covers- especially if you have a few million coverage. I would love to hear from any investor who has an umbrella policy AND an LLC that has been sued and the LLC was the magic ticket that saved them. If you have great property management, follow all laws and take care of your properties and tenants an LLC is a complete waste in my opinion. I would love to hear a real world example though of where someone's umbrella coverage wasn't good enough and the LLC saved the day.