All Forum Posts by: Clinton Fisher

@David Finley I would check with my title insurance company they're supposed to insure you again stuff like that.

@Brian Eastman Great, I'll look into that!

I'm looking into a solo K as a one investment strategy for Real Estate. For those of you that have set those up I'm wondering how well they have worked for you and where do you park them? Do you like who you're dealing with? I would be moving money from a former employer, it's my wife's 401k and she left employment due to total and complete disability. From my understanding, she could access that money at any time without penalty? Or she could transfer it to a different financial institution. Just researching my options at this point, any help would be appreciated. Clint

I use treasury direct, your cpa is correct in his rec. You can do 4 week, 13 week, etc. Automatically reinvest or just disburse back to your savings. You can also have sub accounts, for your rental deposits, without commingling.

Originally posted by @Jesse M.:

Howdy. I'm looking for recommendations on which vehicle I should use to stash some funds to be used at a later time. Let's say it's more than 10k but less than 200k. A friend suggested municipal bonds but I'm not sure I'm interested in that. My CPA recommended treasury bills. My intention is to keep these funds somewhere liquid so I can pull in 1-3 years for real estate purchases. Liquid is key. I'm waiting for the eventual correction fire sales. 

@Theo Hicks You'd be wrong in my area. In 2008 a lot of homeowners who would be sellers became landlords. What do you expect of flippers who get caught without a chair when the music stops? You get higher quality rentals at lower prices, it affects the whole food chain. I would advice you to know your area well enough to not have to ask the question.

Forget about borrowing money on your "liability', you'll just have two. If you're bothered by the "liability", sell it and invest 100% of the proceeds in assets and rent.