Most Commonly Asked Questions
1. What does AMOSO stand for?
This is the most frequently asked question. My two daughter's names are Allyson Michelle Ord and Anna Margaret Ord (AMO) and my wife's name is Sanja Ord (SO). Put it together and you get AMOSO (a-moe-so) and a pretty a darn good way to invest in real estate.
2. Do I have to bring all $30,000.
No and No. You can partner with a friend or family member to put the minimum investment level together.
3. Do you have a Co-op program for people with less than $30,000?
Currently No, but if enough interest is expressed we may put a test co-op partnership together and do one or two properties and see how it goes. If you have interest in this, please use the contact form to express interest and at what investment level you would like to participate.
4. Can we leverage or finance properties to purchase more properties?
No, The AMOSO business model does not allow for this type of activity. We are CASH buyers. Are goal is to be in Business for a very long time. As part of this vision, we decided to keep financing out of the partnerships we form.
5. Can I use a line of credit I have to come up with the capital to invest?
Yes, You can use whatever source you wish to fund your partnership with AMOSO properties. Of course we recommend consulting your Financial Advisor, Accountant and Attorney.
6. Wouldn't I be able to realize a greater return if I just bought the property myself and hired a property manager?
Maybe, Do you have the expertise to select good income producing properties? Do you have a blackbook full of quality low cost contractors to do you rehab and maintenance work? Do you know where to advertise, and locate the right kind of tenants for each type of investment property? Are you ready to field the phone calls from demanding tenants when they can't figure out how to use a plunger? I jest some, but if you answered yes to ALL of these questions then yes you will most likely be able to realize a greater return doing it on you own, and we at AMOSO wish you much Success, Real Estate is a great business! It will be hard work and it won't be passive income for you though.
7. Can I use my Self-Directed IRA to fund my involvment with AMOSO Properties?
Yes! Absolutely, the AMOSO investment model works well for this type of activity. We can easily name your Self-Directed IRA as the capital partner in our venture together.
8. Will you set my Self-Directed IRA up for me?
No, We are not attorneys of Financial Advisors. It is important that the documentation is done properally so the IRS will recognize it as a legitimate Retirement fund. Blue Diamond Documents LLC can set this up for you. They are licensed in all 50 states and their fees are very reasonable, $400 to $900 depending on your state.
9. Will you act as my Self-Directed IRA custodian?
No, We are not licensed to do this. We are happy to work with you licensed custodian and provide them all the paperwork and documentation they need for your fund. For you benifit, here is a list of approved Self-Directed IRA custodians. Also the professional who sets up your IRA LLC for you will most likely have a list of recommended custodians as well.