All Forum Posts by: Jay Park

Can anyone give me an insight on condo hotels? For example, Floridays, Lake Buena Vista Resort and Spa, etc

Thanks for the insight. Although I'm not expecting major profits, I see that some condos have depreciated in the last decade. Was it from being overpriced in 2006/2007 followed by the crash that drove the prices down and now it's coming back up? Is it the same case for SFH?

I’m looking into investing in vacation rental homes and my other option was jersey shore, but it’s hard to break even with those since the rental season is so short. But, they seem to appreciate pretty steadily.

I have a young and growing family and will likely be going to Orlando and its nearby parks every year. I’m thinking about buying a condo/ resort property for us to use 1-2 weeks a year and rent out the rest.

Will be using a property management and want to be as passive as possible.

Can someone give me an idea of what the numbers would be like? I know some properties have high HOAs. But, what’s the going rate for management, flood insurance? 

I would like to connect with current owners/ investors/ realtors/ property managers in the area

Thanks!

I read all the posts so far, heard a few podcasts in the subject and I’m still confused. Have a few questions here and hope someone can give me clarity 

I think some confusion is because there are more than one terminology 

Terms I hear are self directed IRA, checkbook IRA, solo IRA, sep IRA, solo 401k, eQRP (which seems to be the same as solo 401k while setting up in a trust to give liability protection). What's the proper terminology for each product? What's the same term?

Aren't IRA and employer 401k already protected from creditors? What's not Liability protected that warrants setting up in a trust?

I currently have current employer 401k, roth IRA, backdoor roth. My wife has current employer 401k, plus a 1099 job that I'm trying to set up as solo 401k because I like the 55k max. Also I heard I can do this as roth. Please PM me someone can help!

Sorry for the long post

Thanks,
Jung