All Forum Posts by: Jeremy Ray

@Shivam Patel, not sure about the deduction piece. Best to ask a CPA about that. You would need to get a SDIRA custodian like Rocketmoney, Alto or Equity Trust. Some of them can help with the LLC setup. The LLC kind of sits inside the SDIRA. It can also be a partner on deals as well. One investor could be "John Smith" and the other could be "Shivam Patel SDIRA LLC". All income goes into the LLCs account and expenses paid out of the account. The custodian is also involved in the process, particularly when you sell, etc. I'm by no means an expert on SDIRA, just know the basics I guess…

With a self-directed IRA you can buy rentals, flips or even do hard money loans out of it to other investors. Easiest way to manage it is to set up an IRA/LLC.

Slightly off topic here but looking for recommendations on credit unions or small banks that service small businesses well and also potentially provide DSCR financing.

Was looking at Service Credit Union. Anyone have good/bad experience with them, or any others.

@Kris Maiato, did you end up purchasing in Gilford? Curious about potential STR restrictions. TIA

@Michael Baum, thank you. Appreciate it.

@Brooklyn McCarty, thank you.

Have done a few really passive deals over the past couple of years but looking for more “active” deals with my partners. We’re searching for multi-families in the Salem, Nashua, Manchester, Concord areas and/or STRs in the Winnipesaukee, North Conway regions. Would love to connect at some meetups. Hoping to find deals and learn more about the restrictions on STRs in the markets mentioned. Hope to connect soon.

@Brett C. I know your post is from a while back but wondering what metrics or resources you used to gauge the long term RE value movement in a particular market? Is it relative to national or area averages or just a nominal change over that period?