All Forum Posts by: Mike Moles

I am a new investor and I decided to begin this way since it's very hands off after you do your research and I have a very demanding full time job.  I just pulled the trigger in February on three investments, we will see how they pan out.  To be accredited you need to have made over $200k for the last 2 years and plan on it next year ($300k if investing as married but you can invest as single even if you are married).  Or you need to have a net worth of $1M excluding your primary residence as @Jay Hinrichs says.  In researching platforms @Ian Ippolito's website with REI crowd funding platform reviews was an excellent resource for me (thanks Ian!). I also found other resources online. You definitely want to understand the differences between the numerous platforms and choose the one that best fits your needs.

I finally made the leap into crowd funding RE Investmenting after considering turnkey and buying local rental properties, the simpler process of crowd funding investing helped me make my decision in the end.  I may still buy local properties in the future but for now while I hold my W2 job it makes sense for me to go the more passive investment route.  

Just to clarify on@Jeff Devillestatement for crowd funding in equity investments the depreciation and potentially interest expenses are passed through to the investor so you do get the tax deferred benefit presumably for a shorter investment horizon then say buy and hold investing.  Not the case for debt investing though.

Thanks @Travis Lloyd, I appreciate the referral.

Hi Melissa, thanks for replying.  I'm looking for a realtor who owns their own investment properties in the Danbury area and is experienced in vetting these properties.  Do you have this background?

I'm looking for an investor friendly realtor in the Danbury, CT area, any recommendations?  Preferably a realtor who has personal experience in buy and hold investing for themselves.

Thanks,

Mike

Hi, I used these folks, good experience for me.

Sherry Sawyer

The Lisa & Michelle Team | NMLS# 119185

Mobile 203 512 4220 I Fax 866 285 6574 I [email protected]

PrimeLending, A PlainsCapital Company I 5 Commerce Drive, Suite 4 | Shelton, CT 06484

Hi Carey, welcome! Also in CT and in manufacturing looking to get into REI, best of luck to you.

@Kelly Niddrie I know someone in the Danbury area but not Hartford.  @Russell Brazil's suggestion is a good one I think, I know there is a meet ip in Fairfield that meets monthly, perhaps you can get a lead there. 

Congrats, great success!