All Forum Posts by: Angela A.

@Mark Whitted

The IRA is a whole new world to explore with many options and long awaited pot of gold at the end of the rainbow. So, when you say notes, you're referring to Treasuries? I guess that would be one of the safer ways to accumulate interest while preserving capital. Yes, I guess the downfall it seems is that if you're buying a rental from an IRA, you have to pay all cash as you can't get a traditional loan, but maybe you could use some other creative financing? As far as wholesaling, is that the same as bird dogging?

@ Carl Dean

Yes, I have touched up upon using IRA's for investing in real estate and need to look into the details. From what I superficially gather, you can't write off certain expenses like depreciation, you have to buy property with cash from an IRA as you cannot take out a traditional loan if purchasing with IRA funds, etc. So, I guess some pros and cons like with anything else.

I have looked into some turnkey companies, but a couple of ones that I looked into seem overpriced and didn't quite make the 1% rule.

As far as Texas, are there properties that will cash flow well at this point? Seems like it would be good for potential appreciation, but as far as rent to value ratio, seems low and entry points are relatively high. If you know of any areas or properties in B neighborhoods in Texas with potential growth that fit the minimum 1% rule and cash flows well, then I would be open to it.

If you have any recommendations for turnkey providers in good cashflowing areas whether in Texas or other states, I'd appreciate it. Thank you for your input and feedback. I'll also look into your website.

@David O.

Yes, I know about the burning out part and have been seeking something that will strike a passion in me that I want to pursue to transition out of my current line of work and it seems that real estate investing is it. I like the endless possibilities and the creativity that comes along with it. There are so many facets to it.

That's great that you're taking advantage of purchasing real estate where your kids are going to be attending college. I remember when I was going to college, a couple of my classmate's parents did the same thing with buying an apartment building and renting it out to their kids and college students. I was not even thinking about that at that time. Wish I did! Like you and others have said, better later than never! Maybe your kids will realize the value in what you're doing and take it on earlier in life. Thanks for your feedback.

@Katherine S

Yes, I am looking for properties that will cash flow that can "hold its own" until it can be paid off by the time I completely retire. Nice to hear that you guys discovered this and are doing well. It's encouraging to know that I have peers that are doing this also.

I briefly looked into the 401K real estate investing, but will investigate more of the details. I know the possibilities seem endless with real estate investing and it is exciting! Thank you for your input.

@Sonny Ruckstuhl,

I was looking into the BRRRR strategy and it seems like everything has to be aligned just right like the stars and to find the perfect deal seems illusive, but I don't have all the contacts yet. I am also trying to do this out of state so, it creates another hurdle to overcome. Did you find your contacts/partner through Biggerpockets?

I can relate to this being your hobby/activity in your later years as you have more time and experience and have built more of your kingdom. I also feel like this will keep me occupied and fulfilled during the Golden Years and to have passive income to boot. Like others, I wish I had done this earlier and I am envious of all the 20-something year olds here. Thanks for your input and insight.

@Jason Moore. Thank you for your reply.  I will look into it.

@Nick McKinnis Thanks for the tip about the turn-key company providing property management as they would have a vested interest also. I've looked into turn-key companies but the cash flow seems to be barely there or dangerously creeping toward the negative after accounting for all expenses. Also, they are way over market value. I appreciate your input and will look into your suggestions.

Hi everyone,

What is your opinion and or strategies on investing in rental property after 50? Anyone just starting out 50+ and if so, what is your goal/strategy? Thank you.

Hi everyone,

I am looking for a good property management company in the Kansas City, MO area as a foundation for my rental property investment in that area. I realize that a good property management company is a major key to rental property investment success. When I say a good property management company, I mean one that will respond in a timely manner, be transparent and honest, and not nickel and dime you for repairs as starters.  Does this exist? Is anyone using a property management company in this area that has the aforementioned character attributes? Or am I looking for a unicorn in a fairy tale? I appreciate any feedback. Thank you.