All Forum Posts by: Parker T.

All,

Correct me if I'm wrong, but if a property is completely owned inside a tax advantaged account (SD IRA or 401k) then we are unable to take full advantage of tax benefits to real estate investors, correct?

What if the deal is syndicated, for example, I have an SD IRA that contributes money to buy shares in ABC LLC, outside of an account. And ABC LLC buys/owns/maintains a property. Since the property is outside of IRA then all tax benefits would apply and then just owners profits flow back to the IRA? Sorry if this was worded in a confusing manner. And thanks for the help.

PT

Thanks Clay.

Thanks Chris. Do you think it's even worth talking to a mortgage broker for such a small loan?

To clarify, I would keep buy and hold this property So I would prefer to stay away from hard money loans. Also, if I paid cash for this property, how long would I have to wait before I could take a HELOC on it if I wanted to take my cash out?

P

All,

There is a property currently listed on the HUD Store for 41k. A couple questions...

1. Would I have enough time to find traditional financing for the purchase between the time my bid is due and when I have to close?

2. Would any traditional lender even write a note that small?

I've been on the sidelines for some time and I need to do my first deal!

Thanks for your help,

P

Thanks for the reply Thomas. I just thought I remembered reading about the $100/door rule of thumb around here.

I've read that our goal should be to cash flow $100/m/door in multifamily. Is that with standard 20% down financing? Thanks

P

Thanks for the welcome. My goals are to passively invest while working another job for about 20 years until my properties are paid off and I can support myself with the cash flows. I'm in my mid 20s now. Thanks for the tip about single families and lenders requirements.