Frequently Asked Questions
The funds provided by investors are used to cover the total cost of acquiring a property, which may include the down payment, acquisition fees, legal and transaction expenses, capital improvements, and reserves.
Distributions are sent our Quarterly begging the second quarter after takeover of the property.
No. We currently have investment opportunities that are open to accredited and sophisticated investors. You’ll need to register to view our current offerings.
An individual is considered an accredited investor if they meet one of the following criteria:
1. They earned an income of more than $200,000 (or $300,000 with a spouse) in each of the past two years and expect to do so in the current year, or
2. They have a net worth of over $1 million, either individually or with a spouse (excluding the value of their primary residence).
In addition to natural persons, certain entities such as banks, partnerships, corporations, nonprofits, and trusts may also be considered accredited investors. These entities include:
1. Any trust with total assets exceeding $5 million, which was not formed specifically to purchase the securities in question, and whose purchase is directed by a sophisticated person, or
2. Any entity in which all equity owners are accredited investors.
A sophisticated person is someone who is believed to have sufficient knowledge and experience in financial and business matters to evaluate the risks and merits of a potential investment, or a company or private fund offering securities believes this to be the case.
Typical investment accounts are as individuals, joint accounts, tenancy in common, entity accounts (Trusts, Limited Liability Companies, Limited Partnerships, C Corporations, S Corporations) and individual retirement accounts (more info on IRA’s / 401k’s below).
Yes, you can invest through an individual retirement account (IRA). If you already have a self-directed IRA, you should check with your current custodian to confirm that they will allow you to make an investment with Peak 1 Asset Group. If you have not yet converted your traditional IRA to a self-directed IRA, you will need to contact a custodian to assist you with this process. If you need a recommendation for a custodian, we can provide you with the contact information for the custodian that we personally use.
