Fundrise and personal rentals
1 Reply
Jason Waldo
Investor from Kansas City, Missouri
posted about 1 month ago
I have been an investor for about 7 years and have a few properties now with one that is paid off. I have also been putting a few bucks into fundrise due to curiosity and to see if I liked it. I always want to be investing in something every week whether it is my SEP in my company or fundrise or saving for more rentals.
I am wondering what you guys think about using fundrise as a means of saving for college for my daughters. My daughters are 2 years old
and 9 months old. So obviously I am in this for the long term and don’t need to touch my rental income or the money from fundrise anytime soon.
my wife and I own our own businesses and make decent money. I don't really like the traditional ways of investing (401k,Roth IRA) although I do have a SEP for offsetting taxes in my business.
Just wondering what you guys think about that potential plan.
Thanks,
Jason
Taylor L.
Real Estate Syndicator from Richmond, VA
replied about 1 month ago
Fundrise hasn't been around that long in the grand scheme of things. Syndications generally have been around for a very long time, and got more popular this cycle due to the JOBS Act. Your typical private placement investment doesn't lend itself to DCA, but many prefer the experience of investing directly with sponsors they know, like, and trust.
Regarding offsetting taxes, see if you can find a CPA experienced in real estate who can advise you on your specific situation. The typical CPA who is not experienced in real estate will not be knowledgeable on all of the options in real estate investing. Plus as a business owner your tax situation is probably very complex.
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