We have been putting most of our extra money into retirement accounts before this.

Or if that’s not allowed sell it to a friend who will then sell it to my personal IRA at a discounted rate so when I turn 65 and sell the properties , I don’t have to pay any tax on all of my properties assuming I don’t sell them until they are in my IRA account…

Any reason to not account for a larger CapEx? 

I would make sure to connect with an investor friendly accountant to understand the tax benefits you may be able to pursue. 

When we did it, new management had old manager transfer all funds held in relation to our account to the new management, including existing security deposits. 

My cash is in a high yeild savings account only making about 4.5%. 

That would put us just above 1.6% of the $1.1M purchase price, so still short of the 2% Rule (and it still doesn’t account for the renovation costs).All of this begs my question: Is the 2% Rule still alive in the central Pennsylvania market in 2024? 

These are not typical life insurance policies.If the down payment comes from an existing asset whether it is money from money market, money from savings account, money from CDs, money from heloc, money from selling stocks, money from stock margin, gift from family, money from life insurance it does not achieve a 100% LTV with respect to determining return.  

I don't frankly know I have a dinner with him in a week or so will get more detailI know he bought a facility .. he owns dirt all over Oregon so that's not an issue.. and I know he has the financial ability to execute.. what I don't know is if he has just done these so far for his own account or has sold to the public.Standby I will find out and report back..

Retirement account?