All Forum Posts by: Gregg Camp

Thanks. That might be something i can look into.

I have checkbook control so that's not an issue. It's the aspect of being able to within my SD IRA have public securities as well.

I'm looking for some guidance on a self-directed IRA that I can easily trade public stocks. I currently have some assets with Directed Trust IRA in Scottsdale. Matt Sorenson,Mark Kohler's firm. I have also used Nuview Trust out of Orlando and they're slightly better but costly.

They have a very clunky means of buying and selling public stocks. It's not conducive nor updated.

I'm looking for a platform that allows me to hold real estate private notes and be able to buy and sell public securities in.

Does anybody have experience with such an entity that allows for all of that with flexibility and a reasonable cost?

An umbrella policy is very helpful. The LLC is an added layer that shields, generally speaking, your other assets. There's bookkeeping compliance such as filings and filing fees and minutes that need to be done each year. There are firms that specialize in keeping this all up to date, such as https://markjkohler.com/ and https://www.primecorporateserv... that I'm sure others can add to the list. Mark Kohler has a lot of youtubes and as an attorney and CPA has a lot of wisdom that you can learn from.

The location isn't good for STR. I think it will be fine for Pad Split and am moving forward with them. Lenders don't know what the heck to do.

There's a gal who does the rookie bootcamp, don't recall her name but she's up in New York that works in this space that might be worth checking out. 

Yes you can. You may have a hard time getting your employer( if you have one) to relinquish the funds to an alternative asset custodian. I'd listen to Mark Kohler, Matt Sorensen- check you tube. Both attorney's who have a company that maintains these assets. In it you can buy real estate, notes, crypto.Directedira.com. There's a way to transfer your stocks over to them, I think the system is called ACATS. That way you can have your stocks still but liquidate and use the funds to buy investment property. You will need to get a non recourse loan if you do that. It's a more difficult loan to get, but they are available. Speak with them( they have an attorney entity as well as a cpa entity) so you can be taken care of in one organization. These non traditional asset custodians are around but your stockbroker will never tell you of them. Nuview Trust is another I use. Lots of good information available in webinars.

I'm looking into a platform named Pad Split as I have a property that would probably work well for that in Florida. I'm assuming that I could probably do an STR in Lakeland Florida, but don't think because of the location that I'd get good revenue.

Who can give me some insight as to whether doing something like this or mid term for nurses has been beneficial for a 5 bedroom 3 bath house. It's not large at about 1900 sqf, but not small either.

What other platforms good and bad can you suggest that I investigate? Thanks

Does anyone know from experience if there's anything one needs to report to the State of Arizona once an LLC is created in Arizona? It appears that one doesn't need to pay a filing fee annually, but I'm don't know if there's a reporting each year to the state that they LLC is active? Mine is a sole owner and a disregarded entity but it's not clear to me if there's anything else that is needed annually after the creation. The subject property is a rental in Arizona but the entity for taxes is in another state.