All Forum Posts by: Jason Piccolo

Brian Eastman Ok, thanks for letting me know.

Dmitriy Fomichenko Thanks for the reply. I am assuming that once my Roth self directed IRA is set up I cannot use those Roth funds on the same commercial investment as my traditional self directed Ira funds?

Does anyone know if there is a way to combine the Roth IRA, traditional IRA and rollover IRA money from my fidelity retirement account to invest in a single multifamily commercial deal. I know the IRS has these as separate accounts for a reason, so I was not sure if you can commingle these funds together for a single investment?

Hi Justin, Check out Sunwest Trust. They are by far the cheapest self directed IRA custodian I found. I used to use Equity Trust, but the fees are ridiculous.

Hi Leonard,

I use Cliff Huang from Georgetown Insurance for all my rentals. He is a broker and can shop the rate at different companies. 

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Hi Sharif, I am glad some fellow DC realtors are on here. What kind of investments are you looking at? Multifamily in DC?

Awesome. Thanks Russell. 

Does anyone know of any good mortgage brokers in the DC area that can do more than 4 investor loans, one of which is a jumbo? My "go to" mortgage broker said he can't do more than 4 financed properties because of Fannie Mae guidelines.

Thanks Kevin.  Yeah, that's what I was thinking too.  Pentagon city is undergoing a lot of good changes and they are putting a Whole Foods walking distance down the street.  You can't beat that.

Hi Everyone,

I am going back and forth on renting or selling our primary residence.  The mortgage is $3505 a month and we can rent it for about $3900.  The principal gets paid down by about 1k per month.  The only issue is that money will be tight since we are only putting 10% down on our new home and the payment will be high.  The primary house is in an excellent location walking distance to shopping, restaurants and metro, so I know that a long term hold may be worth it. It will require about 8-10k for a new paint job before we rent it though.

On the other hand, if we sold the house, we would be losing around 20k after realtor fees, closing costs, etc.  What do you guys think?