All Forum Posts by: Jeff Greenberg

@Dmitriy Fomichenko So if "Roth IRA at retirement will be tax free from income tax." How does the UBIT tax effect the IRA?

If your IRA is a Roth Ubit does not apply. Ubit should not be feared. Even if you have to pay it, it is still better than investing with cash as far as the tax treatment. There is a good book on the subject. Leverage your IRA by Matthew Allen.

I am not a CPA or tax professional

We just closed on a student housing property in Tucson.  The PM only does SH not market properties.

You need to check with your fund manager to make sure that you are allowed to roll it over to a self directed IRA. If it is with your current employer, you may not be able to do it.

Where is your fund being held? If it is in a 401k with a current employer it might be difficult to get at it. An IRA and be rolled over to a self directed IRA that can be used to invest in RE

@Kyle Kovats I will be there.  Be sure to look me up.  I do believe that better than jumping into a bootcamp or pay thousands on a mentor, find someone that is successfully doing what you want to do, and find a way to be of service to them.  You can be sure that you will find many people next week that would love to take your money for their next bootcamp and mentoring program.  I am not saying that this is bad, but their are other options.

In my opinion you need decide if you want to attract students or non students.  Although I am sure it could work,  I have heard negative feedback on trying mixed use.  If you do want to attract students, I would go for the graduate students and young professors that have gotten past their partying days.  Loud partying at night and kids screaming and playing in the morning is not the best mix.  

The community garden was also one requested by some of our tenant/students.  An outdoor meeting barbeque area with a sand volleyball court is not real expensive.

@Ellie Perlman It is stated very clearly in the Operating agreement what rights the investors have.  Even though as @Brian Burke stated it is wise to have a "solicitation of our investor’s opinions" the ultimate decision should be that of the sponsor.  When I sent out an email blast to my investors prior to a 3 year sale on a property that was planned to be a 5 year hold. There were no nay votes, but several we trust your decision, votes of confidence.

In student housing the turnover cost will add to your expenses, but carpet cleaning and any non normal wear and tear items are billed back to the student or taken out of the deposits.  Because the revenue is significantly higher than market rate rents, the expense ratio is lower.

As far as trusting the numbers, you need to see a 12t and the current rent roll.  If you don't trust those, look at the leases and you can even go as far as estoppel letters verifying the lease amounts.

Directly across from the school is great. Our Georgia property is that close.  The coaches like it,  as their team members can't use car trouble as an excuse for missing practice. If you decide to market to athletes, make sure the coach will back you up if their team members cause any trouble.