All Forum Posts by: Peter Schuyler

Ok, so the interest month to month inside an SDIRA is not taxed until taken out years from now, the tax benefits vary syndication to syndication, but the large proceeds at the end, if they sell or along the way or if they refinance, would be taxed at capital gains or would that just be feed back into the SDIRA as a large sum?

Do you think selling Real Estate part-time would show horn into your plan, just having a license will pick up hidden listings, and you get the buyers commission, write your own contracts, etc.  This would also allow your tax situation to be better, solo 401K's if self employed, etc.

@Chris Coleman

Did you have any issues with properties appraising for less then purchase price?

What is your exit strategy with them. Do they require to be the sales broker?

@Michael Bishop

Have you ever taken the cash out proceeds of a syndication and 1031 into another syndication avoiding that large capital gains tax at the end of a syndication where the sponsor sells the property(s)?

@Scott Eisenmann

Getting private money with no recurring income or track record might be a challenge. What income streams can you use to invest actively?

@DUANE JAY

You might be better off trying to earn some more money and buy a turn key rental that meets 1% CoC criteria. Put 20 percent down and strive for 7-8% cash flow plus some equity pay down.

Having not much money means you either go make more or utilize your time to be active. I prefer to be passive which let’s me earn more money with my skills.

I invest in Covemark MP III syndication and happy to share first-year returns and feedback via private message.  I would not post such items in public but happy to talk to other investors.

Hey Paul, I was too wanting to loo into Wellings Capital, I current invest in another syndication that referenced you as a legitimate source.  I invest in Mobile Home syndication but am also looking for syndication that invests in self-storage.

Would enjoy connecting.

Pete

Good luck, I just sold my duplex in North Dallas, three hail storms later and three roof replacements plus 8K in property taxes per year made me sell and move my money to other markets.  Appreciation will hopefully do well for you.

I'm starting to realize that, I imagine we will not raise the rent next year and hope the tenant stays, and move up to either another zipcode/A area in Memphis or maybe to an STR somewhere else. The sales pitch was a good one, but you can not expect much from a $95K investment I guess in that zip code other than low rent and hopefully a long term resident.