All Forum Posts by: Tony Lin

Thanks for the suggestion guys. Will give those a try. I was also looking at Trello. There's a nice template that helps you manage your investor friends as they move through different stages of investments. 

https://blog.trello.com/how-to-manage-a-killer-sal...

Hey guys, 

What app/site do you guys use to keep track of potential investors and people who have invested in deals? I'm looking for a few features: 

- Ability to make notes about investors background

- Ability to include contacts into individual deals list

- Ability to create a deal funding funnel to track people going through being interested, coming to webinar, submitting PPM, wiring funds, etc. 

Thanks. 

Hey guys, 

I have a multifamily meetup that I've been hosting in Milpitas library for ~20 ppl. We have totally outgrown that area and I'm trying to find a place that can host 30-40 ppl. Any suggestions? I'm doing this more as a hobby and have been relying on the small Milpitas library rooms. Most places out there want $140+ for a couple of hours. Crazy. 

Can anyone recommend good CPAs that are well versed in passive and active multifamily investments? Preferably someone that has worked with out of state (Cali) investors before. I'm looking for someone who can give some advice on top of preparing tax forms. 

Thanks!

I'm exploring SD checkbook IRA thanks to the advice on this forum. Unfortunately I don't qualify for solo-401k since I have no self business generating 1099 income... I wanted to see how UBIT is calculated in a IRA LLC to see if I should be concerned about that if at all.

If I understand correctly, you're only taxed on the portion of the loan. Hypothetically speaking, if I passively invest 100k into a deal that has a 10 million loan and cash flows 10,000 a year (round numbers), then is the amount subject to UBIT calculated as: 

investment (100k) / loan (10 million) = 1% (percentage of loan owned)

1% * 10k (cashflow) = $100 income subject to UBIT

Did I calculate this right? And is depreciation factored in IRA accounts? Sounds like if it's just $100 then the tax impact is negligible. Just more things for the CPA to file.

Thanks for the response. I must've misread the article, my intention is not to take any loans against the retirement account but to invest with it. 

So from what I gather there's no way to utilize the funds tied up in my current company 401k. It is possible to convert the existing roll-over IRA into a self-directed IRA though and that's the route to go. Few questions:

1) If I'm currently employed, I can't do a SD 401k because I'm not self-employed, correct? 

2) I seem to have read somewhere where an attorney can set up a separation of property, present it to the judge to get a judgement, then show the judgement to the employer's stock administrator to get 90% of the funds out for self directed investment where your spouse is the custodian. Is there something like this or did I misread that. (Should've kept the link)

3) Do the investment deals treat SD funds any differently? I see some sponsors explicitly stating that they can handle SD funding. 

I've read a lot of material on self directed (including checkbook) options but still not sure the best approach. Would appreciate any advice. 

My situation: Currently employed. Have a large 401k from 7yrs at current company. Have a rollover-IRA from prior 10+ years of employment parked at Vanguard. Maxed annual contribution on both. Would like to use the funds to passively invest in multifamily deals (50-100k), or eventually lead a project myself. I want to leverage as much of the funds in these 2 retirement accounts as possible.

Which of these would best suit my situation? Can both active 401k/roll-over IRA be converted to self directed option? I read that there is investment limit of 50k for SD 401k, are there limits for SD IRA as well? Additionally, would apartment sponsors care if the funds come from a SD format if I simply wire them the funds from a SD account?

Thanks. 

Thanks David. If passive investors don't setup a business or LLC, then does that mean they can't deduct the business expenses such as attending education seminars, trips to visit properties, meal etc. on such trips etc. I don't think those investment expenses can be deducted without going through as a business entity.

But thanks everyone for their thoughts. This is great info ahead of me meeting an attorney. 

I do have a large umbrella setup so should be OK on the liability front. Being a passive investor on syndication deals I don't expect too much liability to come my way. Then LLC would only be needed for anonymous purpose?

Thanks for the help guys. Should I be talking to an attorney or is this something a CPA can handle? 

Great. A follow-up question. If doing a 1031 exchange the depreciation capture is delayed and rolls over into the next property correct? Meaning your entire cashflow+equity can be tax-free recapture-free used in the next property. 

1031 sounds great although you'll have to pay Uncle Sam a big tax at the last property.