All Forum Posts by: Todd Goedeke

@Brian Eastman please for the sake of readers do the calculation for the “small” UDFI tax.

IRA owner has a duplex from which he receives from his STVR $50,000 in yearly income from a triple net lease. The mortgage is for $400,000, 80% of the total value of the property. Annual mortgage costs:$28,800.

@Jeff Nash there is no need to express your bias against well respected and nationally known Dave Ramsey. He has become a celebrity because his financial advice is very popular as are his books he has authored.

If you are going to belittle Mr Ramsey perhaps you should include your personal biography including how many people you have helped. And yes Mr Ramsey owns millions in RE.

What you call yourself has little relevance to whether you call yourself a fiduciary or financial advisor.  What a person calls oneself does not directly reflect on their level of expertise or how great their advice is. 

No one is begrudging life insurance salesmen for wanting to make a living. But high upfront commissions in relation to insurance payments is not helping the insured.

@Daniel C.do a rollover into a Solo401k, if you don t currently have a side business start one or form property management co. to manage your RE.

Once money is in Solo401k you can borrow lump sum from it without penalty.

Were you planning on working or just trying to live off of your old 401k? 200k is not enough to live off of.

@Toni Bandyyou need a self directed IRA or self directed Solo 401k if you want to purchase RE.

You will pay no taxes if you do a direct rollover. 

If you have a hobby or side business generating income ,a Solo 401k has more advantages than an IRA when it comes to owning RE.

@Jim Pfeifer there are plenty of STVR management companies NNN leasing properties from property owners on 25-30 year leases paying the property owner 10% of property value.

RE investors don’t have to settle for 6-7% cash on cash returns. Adding leverage at 25% down takes ConC return from 10% to 18% ConC.

@Justin Moy why did you mention that there would be less appreciation from a NNN leased STVR? If you are trying to produce passive income you should only be concerned with ConC return. Future Appreciation has no correlation to current passive income.

The amount of money required to replace current income by investing in RE is much less than you calculated. Buying a property with 25% down vs all cash increases the ConC return from 10% on a NNN lease to 18%( 6% mort for 30 yrs).

@Bonnie Griffin Kaake I had prefaced earlier that I was referring to the ability to use cost segregation to offset W-2 earnings or self employment income for high income earners.

There is no advantage to using cost segregation for 6-7 figure earned income earners unless they can use bonus depreciation to offset income immediately.

@Kelly Cochran Places to look for co host:

1. Facebook Marketplace, place ISO or look for people offering handyman services

2. Your local church

3. Golf course, senior league

4.Local RE club, woodworking club

5. Retired or active travel agents

6.  Bartenders who tell jokes, older ones

@Thomas Rutkowski nationally known and respected financial talk show and best selling author, Dave Ramsey, calls a person like you an “ enthusiastic ignoramus”. 

You can spin your sales pitch any way you want but Mr Ramsey s description of people like you pushing people into high priced life insurance under the guise of a financial strategy is on target.

Readers should search You Tube for expert discussion about whole life or universal life and reasons why it’s a terrible idea. Do the search using the name Dave Ramsey.

@Greta Andrews Dave Ramsey a nationally respected financial expert , best selling author, and financial advisor calls whole life( cash value) insurance a con job orchestrated on novice investors by “ enthusiastic ignoramuses” masquerading as financial advisors.

Borrowing money from yourself and paying interest on your own money is a non common sense approach to investing.