Vanessa Pham

Vanessa is the Marketing Manager at Sense Financial Services LLC. Vanessa oversees all marketing efforts of Sense Financial, including live events and webinars, online content distribution, and social media management.

3 Comments

  1. William
    April 11, 2019 @ 10:09 am

    That’s a nice list of deals. Looks like you guys are pretty busy on the investment side of CRE. Must be fun putting those kinds of deals together.

    Reply

  2. Jeff
    October 16, 2019 @ 7:22 am

    what happens if a property burns down and the insurance company pays out? the funds ideally couldnt go into a 401k because they arent qualified funds? what happens if someone is injured and sues the 401k since they are the actual “owner” of the properties? do you foresee an issued with regulating this kind of investment if the proceeds of insurance pay out is tax free and coming from a pretax investment?

    Reply

    • Dmitriy Fomichenko
      November 7, 2019 @ 1:27 pm

      The funds from the insurance company can only go to the 401k since 401k is the insured party and legal owner of the property. As trustee you would then coordinate the use of the funds to restore or rebuild the property.

      Yes, it is possible to get sued, that why you have to make sure to obtain adequate amount of liability insurance to protect yourself in a situation like this.

      The proceeds of the insurance will be paid to the owner, 401k, all of this will take place under the “umbrella” of the 401k.

      Reply

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