All Forum Posts by: Account Closed
Account Closed has started 25 posts and replied 31 times.
Post: Chicago 4 Unit Multi-Family Property (with non-recourse financing in place!)
- Investor
- Chicago, IL
- Posts 35
- Votes 1
New Multi-Unit Chicago Property is available:
Purchase Price: $464,900
Pre-qualified non-recourse financing in place: $324,000
Rent: $4,200
Cash-on-cash returns: 8%
Fully rehabbed property with tenants in place and professional management company.
Contact me for more information.
Post: Self-Directed Real Estate Investment
- Investor
- Chicago, IL
- Posts 35
- Votes 1
I've been getting a lot of questions about self-directed investments and why they are worthwhile.
I read a good article on Motley Fool yesterday; I think they explain it handedly:
http://www.fool.com/investing/ira/2009/01/08/why-y...
Growth Equity Group structures investments with a high-yield, low-risk approach that is focused on self-directed investors, adhering to all the ERISA guidelines required to create passive income in your retirement portfolio and ultimately allowing you to build long-term wealth.
We have recently acquired some multi-unit properties in the Chicago area and the response from our real estate investors has been highly positive.
The property comes fully rehabbed, tenanted (cash-flowing), with non-recourse financing in place. Contact me for more information.
Post: Attn Self-Directed IRA Investors with $100k+; multi-family Chicago property opportunity
- Investor
- Chicago, IL
- Posts 35
- Votes 1
Originally posted by @Mark Nolan:
Presumably you would also accept self-directed solo 401k investors.
We do work with solo 401k investors as well. Thank you for the note.
Post: Attn Self-Directed IRA Investors with $100k+; multi-family Chicago property opportunity
- Investor
- Chicago, IL
- Posts 35
- Votes 1
Attn Self-Directed Investors with $100k+; multi-family Chicago 11% returns
Purchase Price = $524,900
Non-Recourse Financing in place: $336,000
Rent = $4,900
Annual Net Cash Flow = $20,330
This property is fully rehabbed with tenants in place, so cash flowing from day one.
11% cash-on-cash returns and long-term investment.
Post: Self-Directed Investment Multi-Family Opportunity
- Investor
- Chicago, IL
- Posts 35
- Votes 1
Chicago area multi-family property available for self-directed IRA investor:
Purchase Price =
$464,900.00 |
Pre-Qualified Non-Recourse Financing =
$324,000.00 |
4 Units, fully rehabbed, monthly gross rent = $4,200
Cash-flowing from day one.
Call me for more information.
Post: Using Self-Directed IRA
- Investor
- Chicago, IL
- Posts 35
- Votes 1
Originally posted by @Matt Devincenzo:
When you say: "My primary goal is to watch and learn how someone else walks through the entire process so that I can move into using my own conventional lending in the future after I have built some experience." what is it you are really looking at doing?
I ask because in general I don't know of anyone that does any sort of RE investing using IRA's for clients. The whole self directed IRA thing is just that "self directed", you are your only guidance and council on the investment. The custodians really just do some paperwork, and maybe will shut you down if you're proposing a prohibited transaction.
Speaking of in general, you are much MORE likely to make a mistake in a SDIRA investment than personal, and the penalties are stiffer. The reason being there are many more rules about what you are and are not allowed to do.
Personally it's much easier to pick up the pieces when you make a mistake investing personally than in a SDIRA. you have more lending options, you have less restrictive rules and you have the ability to just do work yourself if necessary. With an IRA all of those become harder not easier.
Maybe if you can give an example of what kind of an arrangement you're looking for it would help get you a better answer, I may just be I don't understand what it is you're looking for.
There are firms that work with real estate investors within the SD IRA space! The Growth Equity Group solution is just that.
Equity IRA is focused on educating and providing quality customer service to anyone interested in the self-directed space, they give free consultations.
Post: Self Directed IRA
- Investor
- Chicago, IL
- Posts 35
- Votes 1
Post: Self-Directed Investment in Chicago Multi-Family Property
- Investor
- Chicago, IL
- Posts 35
- Votes 1
Recently acquired 4, 5, and 8 unit multi-family properties in Chicago area.
These are tenanted units with pre-qualified non-recourse financing in place for anyone looking to diversify their retirement portfolio.
Contact me for more information:
Jamie Varnhagen
(773) 634-8599
(248) 390-5455
Post: Self-Directed IRA Real Estate Investing
- Investor
- Chicago, IL
- Posts 35
- Votes 1
Growth Equity Group makes investing in real estate easy by offering inventory, non-recourse financing and management services.
We are constantly exploring and analyzing real estate markets throughout the United State, identifying emerging markets that are prime for rapid growth.
We work with all federally insured custodians who hold our clients accounts and pride ourselves on customer service.
Contact me anytime with questions or for more information.
Jamie Varnhagen
Senior Associate
Growth Equity Group
773-634-8599