All Forum Posts by: Daniel McNulty

@Jason Wright

If you are having troubles, either look in other markets or outsource it.

There is a robust supply of syndicators out there hoping to help you find / invest in multi-family. Like anything, do your due diligence as there are both excellent and terrible operators out there.

@An Ho

It sounds like your parents do not actually want to gift you the money yet. Offering to purchase a property and pay the mortgage for you is a great way for them to help you without actually gifting the money.

For larger estates there are considerable tax consequences to just giving your kids money, and this is likely what you are facing.

You might want to clarify if they are even willing to give you that cash because it sounds like they want to buy a property and indirectly benefit you.

If that’s the case, you can use the 350k from selling your house to invest however you please.

Either way, you need some more clarity.

Good luck!

@Sean Stadler

The short answer is it depends. Depends on which property they offer you, their services / quality, price, etc.

You may be better off searching the forums for the specific turkey provider you are referring to.

@Elliot Landes

There are plenty of syndicators on this site.

However, you will need to learn an alternative skill set, which is to evaluate syndications. Arguably just as tough as individual property evaluations.

You will also be required to be an accredited investor (google it) in most cases.

@Braxton Warren

If your goal is to maximize, then continue investing the 75k.

Paying down mortgage debt (at reasonable interest rates) is useful, but does not maximize your wealth building.

@Amit Patel

Retirement SS benefit is based on your earnings / years worked, not current income.

However, the tax applicable will vary based on income.

Generally speaking, what you are describing is an estate planning taboo. It’s unlikely you should pursue this.

You need to sit down with someone well versed in tax and estate planning.

@Jocelyn Canfield

Jocelyn - you should probably have a more in-depth conversation with a CPA informed on the nuances of special needs trusts, able accounts and real estate.

There are a whole different set of regulations at play here, besides just real estate.

@Joshua Nackenson

As a high income earner you have a supreme advantage. Make your savings rate enormous as it is the most impactful variable.

Save 50-75k / year along with annual compounding will likely put you where you want to be. Others may need to be creative, you just need to make sure you hit a simple savings rate and invest competently.

@Abraham Kaplan

No you can’t take a SBLOC against IRAs. You can often get a 401k loan if that is available to you through your employer.

@David G Vreeland

You are looking for a security backed line of credit, SBLOC.

The terms are normally excellent. Interest only, good rates. Just be sure not to pull too much and risk a call. Try to stay south of 50% LTV and you should be fine.

They work great, very flexible, quick and easy to use for RE purchases.