All Forum Posts by: Todd Goedeke

@Philip Barr just as important benefit and advantage for a Solo 401k is the ability to roll over old IRAs and old 401k plans to a Solo401k . Then you can buy and leverage real estate without The UBTI.

Less costly  to have a small amount of consulting income or income from being a part time Lyft or Uber driver to be able to open a Solo401k.

@Joe S.check into triple net leases at a 10 cap. That is, 10% times market value = yearly lease payment. It allows you to lock in a cash on cash return of 10-15%+. Leasee pays for taxes, maintenance , furnishings and insurance.

@Cody Caswell If I own or manage a STVR my number 1 priority regarding interior decorating is providing eye appealing pictures or video to attract reservations. Sanitized interior design does nothing to attract and keep potential renters attention. 
Focus more on amenities that will make a vacationers stay inviting to attract more bookings.

@Kenzer Hodgson look at renovating by putting an epoxy resin coating on countertops and vanity. It’s a DIY project for crafty people. Or hire a pro. Check out this You Tube channel. Sivita Art by Iliana Deltcheva for examples.

@James Carlson nice article. Now tell us what the net revenues are after expenses. What’s their cash on cash return?

@Jon Mekeel you can find a good supply of cleaners by talking to assisted living property managers.

How long have you owned the property as an Airbnb? What has been your cash on cash return annualized?

@Paul Novak to give you another perspective, more information is needed. 
Can either you or your wife take an inservice distribution from your 401k?

Are you aware that in certain instances you can use a cost segregation deduction to offset W-2 income or income attributed from a retirement plan distribution?

You can increase the cash flow of your RE portfolio by triple net leasing a 2 family duplex ( new construction)and earning 15%+ cash on cash.

@Brett Synickyyou can get same discount for real estate owned individually, directly when converting. You don t need to own a shares of a syndication to get a discounted value.

@Matthew Harrigan if you are self employed or in a partnership open up a Solo401k. You can contribute in 2025 up to $70k in a Roth account or use back door methods to do same thing after contributing to your Solo401k.