“Most of your people seem to be working professionals. Where as I’m an “old fart” that just retired. So my focus now is how to juggle retirement income into investments (I just started up my IBC, and plan to fund it with retirement accounts, and syndications that exit ) and building legacy wealth. 

My story (situation/scope): I was up to 10 SFH when I met you in 2018? or was it 2019? 3 properties were in Honolulu, 7 on the mainland, and 4 of those 7 were in an SDIRA. Similar to you, I was frustrated with how much hassle it was managing the out of state property managers, and I was still working full time and a single mom of 2. In pre-retirement we took over management of our rentals. This was more hassle than I wanted to have in my retirement so we started researching alternatives and found out about syndications. Once we started investing in Syndications (by selling my stocks, getting a HELOC at 0.5% interest from a local bank, increasing an RMD from my bene IRA. selling a property) We were able to get us to where my investments equalled my w-2 income in 2020. So with the pandemic starting……I retired!

Next March, I’ll be 59 1/2 and able to draw on my IRAs without penalty (and no tax on the Roths) so I recently started up an IBC thanks to your team. This will be my “holding tank” as I sell off my SDIRA SFHs and wait for a syndication to come up. I’ll also be eligible to start drawing on my OR state pension and since I’m no longer dependent on that monthly income, I’m planning to take out chunks so I can invest my pension income. In 4 years, I’ll be eligible to draw on my state pension. 

At the last Hawaii Retreat we were able to sit at the same table with your legal team for lunch found that we did not inherit our parents property the right way to qualify for the step up in basis, so I had to deal with huge capital gains taxes when I sell. Luckily, your Rockerfeller deal came about at that time (And you other realitor contact just helped us sell one Honolulu property) so we invested in opportunity zones. 

So that’s 4 people I’ve met through your networking opportunities that have helped me along! And countless other contacts just by showing up at mixers. Your net work is truly your net worth!”