All Forum Posts by: Dan Cahill

Looking into this possible deal: https://drive.google.com/file/...

seems a bit overpriced, but great location.  Seller fi potential has me intrigued, possibly some creative financing opportunity.  
curious on anyone’s thoughts, thanks!

 Thanks!

Ahh, but it's a Roth IRA. My understanding is the ordinary income tax on self-directed IRA's only applies to traditional IRAs.

Not 100% sure I follow. are you saying OK to buy a high income generating, low appreciating property with the use of combined Roth IRA/non-IRA funds? and then what about exiting in the future - wouldn't it just be capital gains tax upon sale (or none if I 1031)?

Agree on probly being more trouble and risk than it's worth. I think if I make any RE investment with IRA funds it will be as an LP instead of direct RE

 the logic makes sense..even if no definitive code section or reg. addresses this scenario, I see the elevated risk level.  Thanks

I know an IRA can be used to purchase real estate, but can I combine IRA funds with non-IRA funds to buy a single property? I.e. I would see it as a partnership from a tax perspective, with IRA owning a portion, and myself owning the rest. Would be for an investment property, not personal use.

Thanks, Sean.  I'm of a similar mindset - go where the great opportunities exist, wherever those may be.  If a certain asset class is compelling enough within my local market, I'm all ears.  

I appreciate all the thoughtful replies.  After thinking about it, I have decided for now to not go down this path; primary reason being the time and effort involved with acquiring/managing a portfolio of condos just isn't what I desire.  

I'm continuing to look in the commercial space in the Boston area, around $1Mish or less, but haven't found any compelling deals to date.  

Is now a good time to buy condo's in Boston suburbs?

My mentor/broker is now advising I consider building a portfolio of condos, instead of CRE

It's still a hot housing market here, so one must act quickly when a listing pops up

Meanwhile cash earning 4.4% risk free in MM fund.  

This would be my first foray into real estate investing (I do own my own home as well).  I like this particular suburb (Natick), but am always fearful of buying assets when things are hot/bubbly.  I can generate income through MM fund/treasuries/dividend stocks/selling covered calls/cash secured puts, without ever leaving my home or having to deal with tenants.  I'm not adverse to putting in a little work owning RE, it's just I feel recession risk is very real right now, and there could be some great deals to be had in the not too distant future.  Any advice is appreciated.