All Forum Posts by: Vinny Incognoli

@ zach riggs

Thank you. I will look further into this. I want to protect my asset. 

I appreciate your input. 

I purchased a property about 5 years ago under my personal name. Is there any way to legally transfer the mortgage/deed over to an LLC that I create?

Thank you.

Hope everyone is well. I have an opportunity to purchase a condo which is on a resort. I have been there with my family 3-4 times and it is absolutely beautiful. Golf course, indoor pool, etc. 

Has anyone ever bought a property such as this? It seems too good to be true though it comes at a cost. The resort does absolutely everything for you, booking, advetising, maid service though they receive 53% and I would receive 47%. This is a pretty steep split though.

If anyone could provide any insight as to whether this might be a good or bad idea. Any information would be greatly appreciated. 

This would be my second condo. I own one in Colorado and hope to build. 

Thanks again. 

Hope all is well. I currently own one condo in Colorado and absolutely love that I am earning 16% on my money as opposed to the 1.5% from the bank.  I am in the process of searching for another unit, particularly in the same complex I already own in. 

My question is should I use the equity from my first unit or take out a loan againt my TDA? Many people have told me to borrow from myself. I would love everyone's input. Is this a wise decision to use a retirement fund as a down payment? It seems to make the most sense not to use my personal savings and use my TDA to pay myself back with interest as opposed to paying back the bank. 

By the way, I am 41 and can not retire from my current job for 15 years, although with my real estate plan I am planning on purchasing many more units and not wait for that 15 years. 

Thanks for your time and efforts. It is greatly appreciated. Open to any ideas and suggestions.