All Forum Posts by: Aaron Merriman

Thanks for the feedback Al and your interest in the additional information. Without knowing exactly who you are referring to, it's hard to know what that persons motivations are.  

We work with investors who have SD-IRA's with many of the major players in the space so I am in a bit of a unique position in dealing with these companies and their levels of customer service.

The SD-IRA with checkbook control definitely has its merits though and to argue strongly against them all together, in my opinion, is incorrect.

I'll defer to @Bernard Reisz though who is not only an expert in the space but also a CPA.  Bernard has set up accounts for a number of our investors and I am sold on his process and expertise.

LMDG Real Estate Value Fund II, LP has acquired its first two assets and renovation has already begun. The first property consists of an 8 unit value-add apartment building located in Alamitos Beach (Long Beach, CA). The property was acquired at approximately 60% of replacement cost and is operating at rents 40% below market.

The property is strategically located near Long Beach's Retro Row and Bixby Park and a short walk to the sand.

For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.

The target return for the fund is 15%-18% net IRR based on past performance.     

Hi BiggerPockets users,

Are you interested in a webinar discussing self-directed IRA's and self-directed IRA's with checkbook control?

Let us know and we'll put it together.  

BiggerPockets member @Bernard Reisz and I are planning to  

put together a discussion in the next few weeks but we'd love to hear from other users.

Thanks,

Aaron

LMDG Real Estate Value Fund II, LP has acquired its first two assets less than 30 days from the launch of the fund and renovation has already begun.  The first property consists of an 8 unit value-add apartment building located in Alamitos Beach (Long Beach, CA). The property was acquired at approximately 60% of replacement cost and is operating at rents 40% below market.

The property is strategically located near Long Beach's Retro Row and Bixby Park and a short walk to the sand.

LMDG will renovate and stabilize the property at which time we estimate the value to be in the $2.9m - $3.2m range.

For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.

The target return for the fund is 15%-18% net IRR based on past performance.       

What is a self-directed IRA?

Check out our webinar on self-directed IRA's we put together. We discussed the self-directed IRA with one of Pensco Trusts industry experts. If you would like to learn more about self-directed IRA's and how you can use retirement funds to invest beyond the stock market, check it out.

We covered:

• What a Self-Directed IRA is and the different types, Roth, SEP, and traditional.
• The rules for investing with a Self-Directed IRA.
• Investment options with a Self-Directed IRA
• Opening a Self-Directed IRA
• Funding your Self-Directed IRA.

The self-directed IRA is an excellent vehicle for investing in alternative assets. Always evaluate and clearly understand the underlying asset you are investing in.

Best,

LMDG Real Estate Value Fund II, LP has acquired its first two assets less than 30 days from the launch of the fund, the property consists of an 8 unit value-add apartment building located in Alamitos Beach (Long Beach, CA). The property was acquired at approximately 60% of replacement cost and is operating at rents 40% below market.

The property is strategically located near Long Beach's Retro Row and Bixby Park.

LMDG will renovate and stabilize the property at which time we estimate the value to be in the $2.9m - $3.2m range.

For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.

The target return for the fund is 15%-18% net IRR based on past performance.

LMDG Real Estate Value Fund II, LP has acquired its first two assets less than 30 days from the launch of the fund, the property consists of an 8 unit value-add apartment building located in Alamitos Beach (Long Beach, CA). The property was acquired at approximately 60% of replacement cost and is operating at rents 40% below market.

The property is strategically located near Long Beach's Retro Row.

LMDG will renovate and stabilize the property at which time we estimate the value to be in the $2.9m - $3.2m range.

Fund II is still open but will be closing phase 1 soon. For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.

The target return for the fund is 15%-18% net IRR based on past performance.

LMDG Real Estate Value Fund II, LP has acquired another asset, a 9 unit value-add apartment building located in West Hollywood "WeHo" near Fairfax and Santa Monica Blvd. The property was acquired at approximately 50% of replacement cost with current rents at 40% to market (representing a true Value-Add asset with tremendous upside).

The property is located just blocks from both The Grove/Farmers Market area, The Beverly Center, and the city of Beverly Hills. The property has been very poorly managed but has a great unit mix and provides incredible rent and cash flow upside.

Fund II is still open for investment. For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.

What is a self-directed IRA?

Check out our webinar on self-directed IRA's. We discussed the self-directed IRA with one of Pensco Trusts industry experts. If you're interested in learning more about self-directed IRA's and how you can use retirement funds to invest beyond the stock market, check it out.

We covered:

• What a Self-Directed IRA is and the different types, Roth, SEP, and traditional.
• The rules for investing with a Self-Directed IRA.
• Investment options with a Self-Directed IRA
• Opening a Self-Directed IRA
• Funding your Self-Directed IRA.

The self-directed IRA is an excellent vehicle for investing in alternative assets. Always evaluate and clearly understand the underlying asset you are investing in.

Best,

LMDG Real Estate Value Fund II, LP has acquired its first asset less than 30 days from the launch of the fund, the property consists of an 8 unit value-add apartment building located in Alamitos Beach (Long Beach, CA). The property was acquired at approximately 60% of replacement cost and is operating at rents 40% below market.

The property is strategically located near Long Beach's Retro Row.

LMDG will renovate and stabilize the property at which time we estimate the value to be in the $2.9m - $3.2m range.

Fund II is still open but will be closing phase 1 soon. For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.

The target return for the fund is 17%-22% net IRR based on past performance.