All Forum Posts by: Randy Bloch

I like HELOC if you are going BRRR and pay it off in short order....if you plan to keep the equity deployed long term then I like refinance of personal. I just refinance my personal and some rentals and pulled a bunch of Equity out. I'm also getting HELOC on personal and one rental as something I can use short term or as emergency fund.

1) tax brackets are incremental so you are only paying  22% on amounts over the 12% limit

2) 22% tax bracket is still pretty low

3) Answer to your question is most likely "yes" If u contribute to traditional IRA and are able to deduct that, I believe limit is 5k, then will lower your taxable income by 5k.

4) Personally, I would continue to invest as much after tax as possible (Roth or brokerage account ) when u are are low tax bracket like 22%, especially if you want to invest in Real estate, it will be easier to access.

@Ian Ashcroft

Sell...out of state investing in north Minneapolis would be tricky for seasoned investor....even worse for a newbie. Plus Minneapolis is becoming not very landlord friendly. Sell sell sell

There is no such thing as a safe index fund.....

100% with you...I'm sitting in a lot of cash right now as well.  I have just cash out refinanced most of properties and waiting to see what happens with the economy.  I definitely don't think stock market will be straight up from here...judging what I am seeing in my day job.  I was planning on putting the cash to work in syndication deals to build a passive income stream....but now I am in wait and see mode as the stock market could still have a significant pullback and offer a nice entry point.  

It is hard holding cash....but I have taken some advice from video I saw of Warren Buffet this week about only swinging at strikes....he made the point how much better hitters are when they only swing at strikes.  Hopefully, I can wait and swing at strikes :)

I personally like keeping my 401k or a part of it in stock equities for diversification purposes....I know this won’t be a popular position on BP.  If your 401k is the majority of your net worth I could see doing it.  In my situation it is about 50/50 RE vs 401k so I like the distribution.

REIT can be pretty focused so you can get ones without commercial real estate exposure (ie multifamily or data centers). Although if the point is for ST liquidity I stay in money market accounts myself.

You don't need a financial adviser for this, doing 401k rollover to IRA is quite simple. You should be asking for recommendactions of firms that Will hold your self directed IRA with check book control. You can google this and find them, but asking here is good. The Entrust Group is one that I have heard good things about. I do not have this so have not used them personally.

@Nour Hatab

If u already have built up enough net worth to retire u might want to consider building a diversified portfolio of conservative syndication deals. Just a thought...really depends what your goals are.

@Paul Moore  Can u share some sponsors that have this option?