All Forum Posts by: Neil Ridens

I looked into this for a while for myself. Had a hard time as most groups doing this are looing for accredited investors, & minimum investment of ballpark $100k. I hold a commercial building in my IRA, but it gets complicated when its syndication. Best thing I found for smaller amounts of cash are the Delaware Trusts.

 Bought the house vacant and furnished it myself. I had it set up on AIRBNB for a while so converting to medium term rental was easy. 

 1. Facebook Marketplace is the best place I've used. Example post is "furnished 3BR 2 BA - Month to Month leases OK" 

2. The realtor who sold me the house has clients who sell their house and need a place to live for a few months. 

My AIRBNB hit a slow down, and we changed course and have been renting it out on less than 1 year leases. Found a good market niche with people who are building houses, moving, short term jobs, etc. We are now off AIRBNB & rent furnished houses out at a 10%-20% mark up on normal rents, just for being flexible. Right now we did a 3 month lease with MTM after, and told the tenant to just give me a month notice when there under construction house will be done. Less hassle & headache, and still get more of a return than a typical rental. Depending on your market you should definitely consider it. Also it removes a lot of the competition between AIRBNB & typical rentals. 

I recently used my Roth IRA through a custodian to flip a property and now have the cash just sitting in the custodian. Does anyone have experience with using a custodian to buy into a real estate syndication fund?