All Forum Posts by: Nicole Tuffarelli

hello friends, I have an old traditional IRA from my first job that is sitting in a local bank since early 2000s. it has about 40k

I now have a W2 salaried job for 20yrs where I've participated in a employer run 401k i think with John Hancock. Id love to roll the old IRA into real estate. Any suggestions on how to get the old 40k IRA available to use as a down payment into real estate?

Ive been reading about SEP IRS self directed IRA and 401 k but seems to be for self employed people. any idea how to re-allocate my ira into real estate investments???

my accountant doesn't seem to think its possible

I agree with everyone above. As a vacationer everyone hates resort fees anywhere they stay. Don't tell me about it as it makes me feel nickel and dimed. Just roll it into my nightly price I don't want to know about the cost of YOU doing YOUR business.

 Mike let me know if you find one, I'm invested in same location. 

check out rents in your area & Rent it out

 let me know if you find one in nassau..I could use one too

I think you bought so hold for the long term. As long as the expenses from your first home are covered by the rent you bring in from it you should keep it. It provides great tax benefits and can help you fund your next purchase. Since you lived in the area it won't be too difficult being a landlord to one SFH. You probably already have contacts to plumber, electrician, handyman for any issues that may come up. Have a realtor help you find a reliable renter.

Thank you all for these great suggestions!  Im going to contact postcard mania.  My Husband and I have been seriously looking and these listings are under contract within 10 days of coming to market. I know its a slim chance but all Ya need is one lead to turn into a hit- am I right?  And going forward if anything I have learned how to do direct mailing.   

Hello! 
I am newbie to the BP forum. I have one LTR property in NY and I am looking to purchase an out of state STR condo down south by the beach. My husband and I have gone down, searched a location and shopped around with a realtor and Narrowed our search down to one complex we would like to buy in. Any building of the complex will do. We have put in a few offers but we get out bid.

Id like to try Direct mailing to unit owners of my interest in buying a unit hoping I might find an interested unit owner that just hasn't gone to market. Can anyone suggest how to get a postcard made and direct mailed & more importantly What to write on the postcard???  If they are absentee owners does their mail get forwarded I'm assuming?   

Any suggestions greatly appreciated! 

Nicole T.

Long Island