All Forum Posts by: Account Closed

@Bob E. Thanks, hope to attend.

@Bob E. can you please provide the date and time and location please Bob?

@Brian Eastman, thank you Brian!  Would you have a few moments were we could chat on the phone, I can provide that detail but not sure I want to put it on the ....net....

@Justin Windham, thank you!  I don't plan on using financing at this time was planning on buying it outright.  I am not sure what you mean about Solo 401K eligibility, could you detail that out a bit for me please?  The after tax money is all cash in a savings account, not a Roth or anything like that.

Hello, I am looking for some help to be able to figure out which approach is the most tax efficient approach.

Here is the scenario...

I have 300,000 dollars which I am going to spend on a Duplex. I am planning on renting the duplex for 2800(which includes both units). I am planning to buy this unit with cash. I plan on holding this unit for 7 years at which time I want to sell it.

Assumption:  I can use PreTax money or I can use PostTax money.

Question: What would be the most tax efficient strategy for me to use?

1. Use a SD IRA to buy the property?

2. Use a Solo 401K to buy the property?

3. Use after tax money to buy the property?

@Mark Nolan, thanks Mark I will take a look at these.

@Casey Miles Thanks for the response.  I will reach out to him.

@Brian Eastman thanks much!

@Brian Eastman  I was simply indicating that based upon my calculations if you purchase this home with a mortgage and only place 20% down your internal rate of return would be about 34% versus if you bought the home out right your internal rate of return would be about 12% 

Hi Everyone, just starting out on this adventure and looking for any great spreadsheets or documents that you all are using to evaluate your properties.  I would be most grateful for any thoughts or files you may be willing to share.

-Ted