All Forum Posts by: Rodney Miller

I suggest your friend find a good coach, mentor, or training program.  They will collapse time frames and avoid the many pitfalls that could add to costly mistakes. That being said, private lending or hard money lending can be a gratifying and extremely profitable business if done right.

@Brian Eastman Good info. Thanks!  

Thanks, @Brian Eastman. It seems like there are very few real estate investments that you can invest in that won't call you into question. Rentals, and notes. Actually, if you had a large note buying operation with marketing outside of the IRA that would probably be suspect as well.

@Bob Floss II I agree and don't invest in flips or LLC's.

I know that the IRS frowns on running flipping businesses out of your SDIRA. How is private lending viewed by the IRS? Is there a point to where you are considered a Lending business and become subject to UBIT?

I loan money in OKC and Tulsa.  EZ terms and fast funding.  I can be at your property within hours of your initial request.  Bring me your next deal!

www.hardmoneypartner.com

I have 5 houses for sale in Oklahoma City.  You can buy individually or as a package.  All have long term tenants and great cash flow.

https://okcmar.mlsmatrix.com/M...

@Christopher Nemlich I like the syndication model. You get to vet each deal, sponsor, and market before you invest. You can still get diversification if you are willing to put in the time and work of scrutinizing offerings.

I’m not crazy about the blind trust model. Seems to come with less certainty. Good luck!

@Ross Gleason Thank you sir!

@Ross Gleason

Not really. This is small stuff to the average Multifamily syndicator.

The 100 unit currently has a monthly NOI of $40k which is year 5 pro forma numbers achieved in year 1.

The 174 unit was purchased in November of 2019. We are currently implementing a $2.5mm value add plan. We plan to be at a monthly NOI of 72k in year 3.

Keep in mind that these are syndicated deals so we have to share the cash flow and equity with our passive investors.