All Forum Posts by: Carlos Silva

 This is what I’m thinking.  to have control now rather than 15-20 years from now

I thoughts are the 401k money is stagnant and not appreciating much.  We will be losing money due to fees over the long run.  I figure we will lose 45k in penalty.  However if the 2million dollar appreciates at .03 it will be 60k in appreciation. would offset the penalty over the long run.

My wife and I currently have  2.5 million in single family real estate.  we are wanting to buy the land, build the building, and open a fast food franchise.  

My question is should we use our old 401k plans.  is taking the penalty of 10% worth it.  we currently have 450k in 401ks.  we can offset the income with our FFE purchase.

Thoughts?

 You think less people will buy and more will start to rent?

You think less people will buy and more will rent?

 I sure hope they don’t fall here in the DFW. I could the little cash flow I have to to help save for the next deal

Do we expect rental prices to fall with falling home prices in the DFW?

Do rental rates usually fall when interest rates increase and home values decrease?

Thanks for all the info. The residential property was bought with conventional government backed loan. The raw land will be purchased through an LLC I will need to create and then lease to a different LLC to run a fast food franchise. Will buying a house in may name and then using the proceeds as a down payment for raw land to be purchased with a new LLC keep me from using the 1031 exchange?