All Forum Posts by: Matthew Avery

@samk. I'm mainly looking for cashflow,loan paydown,tax benefits,rather than appreciation. I like the added safety of multiple tenants as far as vacancies go. I can improve the operations of the property to increase value. 

@Filipe Pereira I grew up in Windsor, work in Meriden, and am open to those areas for all the same reasons you stated. Thanks for sharing your story and thought process.

I'm looking to buy my first property by the end of this year. Originally I had been looking in Groton, CT. Taxes are reasonable, and two significant employers are in the city(Pfizer and Electric Boat). Also I live in New London, taxes are quite high here though. I had seen several articles regarding an affordable housing shortage in the area and EB just landed a contract for 5 billion dollars worth of submarines. I have been in contact with a mentor who suggested New Britain. Central CT University is on the edge of the city and it's right in the center of the state. Its fairly affordable, and reasonably safe in the right neighborhoods. Keep in mind I'm looking to invest in multi-family. From what I'm hearing in the forums you can probably find a deal under the right circumstances anywhere. How about you?

You're in the right place. Welcome. I joined a short time ago and have already found invaluable resources on the site. Be sure to reach out to people, they are more than willing to help.

Thanks @DanielHyman

Thanks @nicholasaiola I'll keep that in mind.

The main reason I'm seeking a CPA is because I'll need one once I purchase a property and wanted to run a few scenarios by them in advance. I had contemplated cashing out the entire IRA to invest until I heard about the checkbook IRA(and tax consequences/penalties). I don't currently have any write offs and wanted to have the CPA help me to develop a tax strategy going forward. I rolled a previous employers 401K and 457 money into the Vanguard IRA. This IRA is not employer sponsored, it's independent of my new employers retirement plan(fees are lower at Vanguard than employers plan). And thanks @Michael Noto for the referral. And thanks to all for their time and patience, I try to do as much research as possible before I ask the community but my head can only hold so much. I have to defer to the experts sometimes. 

I'm looking to make my first real estate investment purchase. I currently have an IRA with $80,000 that I would like to utilize for my first investment. I cannot add to the account at this point, it was a rollover from a previous employer. I know in my market that won't be enough to buy a property outright. I'm looking for advice on what avenues I can use accomplish this. Advice is greatly appreciated.

Thanks @JeffWallenius. I'd love to talk. I'll take all the advice I can get. 

Thanks for the advice @CameronNorfleet, I am and I will.