All Forum Posts by: Art Webb

Private money lending.

Mike,  I work with various private money lenders that might be able to help.  DM me.  Do you have a business plan of annual projected revenue and expenses before debt cost ?   Do you have a survey of number of competitors and pricing within 5 miles ?  Do you know average income of families within 5 miles of your storage location.

Can you add some more details ? What is amount needed ? How many months/years ? Will adding a 1st lien be satisfactory ? Current rent vs projected rent ? Current monthly taxes, insurance, and HOA.. This will assist any potential private money lender of your needs.

Which banks offer the best/highest lines of credit to new businesses ?   Pls add any special features or terms that your favorite offers. Appreciate all suggestions.  

Thank you Pat. So did Jim convert and pay the conversion taxes for a Roth or a direct real estate investment with his IRA ? Understand all above. I have bought commercial RE in a Roth SDIRA and separately purchased a couple investment properties via 1031 exchanges outside of my IRAs.

I too have hesitation of the above index funds and need to investigate further.  Hopefully others may have some experience with them or similar.  Thanks again !  Art

Hello, I ran across a conversion strategy where an annuity company would add a significant cash bonus to my IRA conversion account to cover the conversion taxes so my conversion is tax free to me (well some what). The annuity company is Athene which I understand is a top ranked annuity company. This would be a ten year initial commitment of my IRA converted Roth IRA dollars. They promise my growing Roth IRA account balance becomes a floor and protects my account balance from being negatively impacted by market changes. I'm allowed to withdraw 10% per year up to the ten years. Commission paid is .095% of account balance for each of the ten years. Appears best way for me to reduce my commission costs is to reduce my Roth balance by 10% each year. I could roll over those amounts into another Roth IRA of my choosing. Beneficiary would receive current balance at time of death IAW Roth IRA rules.

All sounds good but I’m not familiar with Athene’s possibly non stock investment vehicles.  My monies would be invested in a group of six indexes named AIGO, AIPEX, BNPIMAD5, BOFANFCC, SPXFCDUE, and UBSIBAL.  I would appreciate anyone’s comments on this type strategy good or bad and your opinion of these indexes.   Thanks so much !

Appreciate the info. Assume you can invest in multiple REIT to reach your reinvestment dollar threshold. Are you limited by dates like a 1031 ? Do you still need to use a third party Qualified Intermediary ? Any other requirements on the seller to do this correctly ? Thank you !