Any assets converted to a Roth IRA are treated as consisting of pro rata portions of basis (if any) and pretax assets.Conversions to Roth IRAs can be done either directly or indirectly and are reported on Forms 1099-R and 5498. the Roth IRA owner must report conversions on Form 8606, Nondeductible IRAs.An IRA distribution that is directly converted to a Roth IRA is reported on Form 1099-R with distribution code 2, Early distribution, exception applies (for IRA owners under age 59½), or code 7 in Box 7.

You have been so methodical and consistent every week for 138 weeks.

The complex consists of two building with 2 different street addresses.

Such plans are a way to diversify your retirement savings into real assets that produce consistent return.The key thing to keep in mind is that it is not you investing in real estate and getting to use IRA money to do so.  

Once you have developed a plan that works well and consistently makes you money, stick with it until it quits working.

I am seeking to 1031 out of the rental and into a 'mixed use' property consisting of a main house that we live in and then a guest house that I would either rent out for 1-2 years or use as a business office for an established business that I've operated for 5-6 years and paid taxes on, etc, etc.  

I DID NOT do Renatus to sell the program, that's just gravy, I did it because I need comprehensive education and information in one place that I could refer to often and would ALWAYS be consistent and CURRENT, I needed mentor(s) and partners of all types.

Let me know if your network is interested in the Big Island.

HI Jon,It looks like 75% cash out on the rental would be around 4.250% on a rental property condo and cash out  so that means you'd be able to access about 145k in capital (prior to closing costs).A conservative route may be to take the lower 4%'s 30 year cash out since the payment is a predetermined amount per month that won't fluctuate.As long as your new investment you make is earning a return that is higher than your increased payment on your rental property and earning enough of a return on what you're looking to buy you should be ok.Some say you should obtain a rate higher than the one you're borrowing at but the truth is the rate isn't all of the payment and in financial theory that sounds great but you in reality you'll want income that is in excess of the entire mortgage payment which consists of the interest cost and the principal portion too since this is what has to leave your pocket each month.

Greetings, I'm considering entering the market in Fire Island, specifically through the purchase of a single family home and exploiting the summer rental market.