All Forum Posts by: Ronak Shah
Ronak Shah has started 9 posts and replied 128 times.
Post: FAFSA and Syndication
- Northern NJ
- Posts 128
- Votes 39
@Michael Plaks
Thanks for that! When did you use this person (for planning in advance or when you needed to file FAFSA)?
Originally posted by @Michael Plaks:
This is not a CPA question. There're people who specialize in college financial aid. I hired one such consultant when my sons were applying for college, and I remember her advice being unexpected and counter-intuitive. I was pointing out that she was seemingly contradicting FAFSA instructions, and she replied with "trust me." She was right, of course.
The lesson I learned was to not try to DIY government paperwork and trust the professionals. She was not cheap, by the way, but totally worth it.
PS. Same lesson applies to tax preparation. :)
Post: FAFSA and Syndication
- Northern NJ
- Posts 128
- Votes 39
Thanks!
I dont have any experience with the combination of FAFSA and Syndications, but do have a lot with FAFSA in general and how assets affect it.
The article @Ronak Shah link coverd things very well. Another good site even though it has not been updates in a few years is Finaid.org.
In general there are VERY few things that do NOT count as assets. The ones I am aware of are Retirement Accounts (although some Private Schools that go beyond FAFAS count them), Cash Value Life Insurance, Family Farms and Small Businesses. I have also heard that certain kinds of Trust are not counted - I think when set up for disabled/handicaped family members or something similar to that.
Post: FAFSA and Syndication
- Northern NJ
- Posts 128
- Votes 39
Any one else interested can read this article to get some idea about investment asset vs business asset
https://www.fastweb.com/financial-aid/articles/when-is-real-estate-reported-as-a-business-asset-on-the-fafsa
Post: FAFSA and Syndication
- Northern NJ
- Posts 128
- Votes 39
Thanks @Alina Trigub!
Post: FAFSA and Syndication
- Northern NJ
- Posts 128
- Votes 39
Originally posted by @Alina Trigub:
I know about each of the subjects separately impact investing and FAFSA but not in conjunction with one another. You should ask whoever told you about it.
No one told me about this topic but I was wondering out loud if our investment dollars are parked in syndicated deals whether as deal sponsor or limited partner, directly investment by us or by our corporation; would those dollars be considered by FAFSA as our assets that we need to spend from as family responsibility?
Post: FAFSA and Syndication
- Northern NJ
- Posts 128
- Votes 39
@Alina Trigub would you or someone you know, know about this?
Post: FAFSA and Syndication
- Northern NJ
- Posts 128
- Votes 39
Anyone experienced about impact of investments in Syndications as either LP or GP and effect of it on FAFSA?
Post: Self Storage Units Stabilized at 80% in under supplied market
- Northern NJ
- Posts 128
- Votes 39
Thanks @Zach Quick!
What traffic count is good? 5100 VPD is too low?
What kind of questions to ask as customer (I can think of I want to store my 2 BR apartment, do you have availability, from when and for how much)?
Post: Self Storage Units Stabilized at 80% in under supplied market
- Northern NJ
- Posts 128
- Votes 39
I am underwriting a self storage property which apparently stays around 80% physically occupied year around and seems charges market rates. Based on population in 3 and 5 mile radius, it seems market has only about 2.5 square foot per person. With so much supposedly under supplied market, why would the property stay at this occupancy level? Does this say anything about the market?
Post: Self storage deal analyzation- yet again asking for help
- Northern NJ
- Posts 128
- Votes 39
$3300/mo rent on 100% occupied 66 units (i.e. $50/unit average) seems to be pointing to either distressed demographic or meaningful NOI increase by simply raising rent. Did I get this right, self storage experts?