Diagnose the problem

Analyze key performance indicators: Review metrics like Net Operating Income (NOI), cash-on-cash return, and capitalization rate (cap rate) to understand the financial health of the property.

Identify the root cause: Determine if under performance is due to issues like low rents, high vacancy, operational inefficiencies, poor management, or market shifts.

Consider market conditions: Evaluate if the decline is a result of market-wide trends, such as softening rental demand or rising expenses like insurance, or if it's a property-specific problem.

Check for potential hidden issues: Look for problems like high maintenance fees, lack of tenants, or high bad debt from non-paying tenants. 

Take corrective action

Implement operational improvements: Streamline property management, improve tenant communication, and set clear rules and expectations.

Undertake a value-add strategy: Make targeted improvements like upgrading units, enhancing curb appeal, or adding desirable amenities to increase property value and cash flow.

Re-evaluate the lease-up plan: If occupancy is low, we consider revising our strategy for marketing the property and filling vacant units.

Address maintenance and repairs promptly: Keep up with maintenance to prevent bigger issues and avoid driving away tenants. 

Decide to sell or hold

Reassess the "sell or hold" decision: Consider if the situation is a temporary downturn that might recover or a long-term problem. If the fundamentals are deteriorating and there's no prospect for appreciation, it may be time to sell.

Our minimums vary depending on the deal but are typically $25,000

Yes, in general, it is possible to use retirement funds from an IRA or an old 401(k) to invest in alternative assets, such as multifamily syndications. However, this typically requires establishing a specialized account, specifically a self-directed IRA (SDIRA) or a self-directed Solo 401(k), through a qualified alternative-asset custodian.

You would need to initiate a rollover or transfer of funds from your existing retirement plan to a new self-directed account. The process must follow specific IRS rules to avoid penalties and prohibited transactions.

We strongly recommend that you seek professional financial and legal guidance from your CPA, Attorney, and Financial Advisor, as well as consult with your current and prospective IRA custodians, to ensure compliance with all regulations and understand the inherent risks of this type of investment.