All Forum Posts by: Steve K.

 i'm not @joel owens, but here it is

https://www.investopedia.com/terms/a/accreditedinvestor.asp

https://www.sec.gov/fast-answers/answers-accredhtm.html

as usual, I agree with @mike dymski

I started out in summer 2012, and I bought 5 turnkey properties (all cash) with self-directed ROTH-IRA funds

in late 2015, I was about to start looking for my next turnkey property with the rental proceeds and IRA contributions, and I learned about syndications

I bought an office park then, next a large apartment complex, a raw land deal, and recently a self-storage facility

I am looking at getting a mobile home park next

early last year, my friend and I did a deep dive into what we felt was the most effective means of REI for busy professionals, and after a few weeks/months, we decided that loans/notes and syndications were the most passive (but still require due diligence) and most effective

I would recommend looking into sophisticated/accredited investor status and look at the tons of info on BP regarding syndications

aloha

steve

 @alpesh Parmar

do you do the Murph in body armor?

started at 45, used self-directed ROTH-IRA to buy 5 turnkey properties (all cash) summer 2012

was just about to start looking at buying another property with the rental proceeds at the end of 2015, when I heard about syndication

bought into an office park, then a multi-family, then a parcel of raw land in wine country, and recently a self-storage place

all with my rental proceeds and IRA contributions

looking at mobile home parks for my next investment, hopefully soon

aloha

steve

"when you love, wear a glove"

 @Larry Hawkins

I am not an expert, but I believe that you are speaking about ROE (return on equity), cash on cash return is different

 this is why they don't want to talk to you once you say you are an investor

 an accredited investor is an IRS definition

you need to either have $1 million in assets outside your primary residence (includes retirement) or annual income over $200k or $300k jointly

https://www.investopedia.com/terms/a/accreditedinvestor.asp

@diohne cortez

yes, that is what I am saying, I know of 5 properties within 2 miles, I visited them in oct 2017

I bought in summer 2012, and paid turnkey prices from Memphis Invest, so I cannot tell you what the property is worth 

my friends bought about a year later

not sure about the rent either, my closest house is at $1285, but is in a nicer neighborhood next to a lake 

I have one a little to the north of yours that is at $1400, but it is a BIG house in a good neighborhood too

my third house and my friends' houses rent for less than $1200, but the neighborhoods are not as good

@diohne cortez

what kind of info are you looking for?

I have a 2 properties less than 2 miles away and a couple of friends have one each around 2 miles away

edit: I own 3 properties within 2 miles and know 2 friends that own 2 more