Yes. You will need to utilize the services of a self-directed IRA custodian to facilitate an IRA or other retirement account investment. We can make recommendations to qualified service providers or are happy to work with your custodian in the event you already have engaged with one.
To be considered an accredited investor, one must have a net worth of at least $1,000,000, excluding the value of one’s primary residence, or have an income of at least $200,000 each year for the last two years (or $300,000 combined income if married) and expect to make the same amount this year. If you are interested in investing through an entity, please see the SEC’s website for further clarification.
Yes. Our offerings are only available to accredited investors. You will need to prove your status as an accredited investor to participate in any Ballard Built sponsored offering.
It depends on which deal you invest in. Our Ballard Built program is a 7–9 month lock-up as the property is being built. After it sells you have the option to receive your funds back or roll to another deal.
Our Legacy Projects can take 3-4 years. These are typically neighborhood developments that take longer to complete.
Our Lending Fund is a 1-year lock-up each month of May with a 90 days’ notice to return your investment.
Our targeted and historic averages for all deals fall between 12%-16%. We have had exceptions to those, but every exception has been above the stated amounts.
No. Unlike brokers and advisors, we do not charge any fees or expenses.
It depends on the deal. For real estate, it is as the project is completed and sold – typically 7 to 9 months.
For legacy 3 to 4 years.
For lending, there is a scheduled distribution every May 15.
You can go to Ballardbuilt.com to see the team. Jeff Ballard is responsible for selecting the investments. Our team has over 30 + years of experience in real estate, construction, and management fields that we serve. We use that experience and deal history to work with some of the best brokers and real estate agents who network to get us the best sale prices possible. We also use this same team to find new deals and opportunities. Just like with everything – knowing the best players in the field and having a consistent history of excellence further promotes relationships that can foster off-market deals and finding the good deals before others even have a chance to know about them.
We have an investor portal to allow our partners to track their investments and get access to key reports and tax forms. As a partner, you will have your own dedicated account. Formal reports are generated and provided quarterly in addition to monthly leasing updates.
If a deal does not close or is fully funded, 100% of your investment will be returned. This has not happened one time yet to date.
As one of our partners, you have direct access to the principals of the firm and their investor relations support team. All inquiries are handled via white glove telephone support as well.
We are happy to furnish you with as many references as you would like, including past partners, lenders, brokers, and other professionals we have closed or worked with in the past. Please keep in mind, past performance is no indicator of future results, and you should read the offering documents carefully.
Full financial reports are generated each quarter along with written formal updates. Leasing updates go out monthly. From a tax standpoint, you will receive a K-1 for your interest in the partnership each year. K-1s typically go out by March 15th of each year.
It depends on the type of deal and the length of time you are in one of our deals. Most will be 1099 unless you participate in a neighborhood where that could be a K-1 with tax write-offs that are distributed through Pari-passu.
You can fund your investment via wire transfer or check.