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All Forum Posts by: Henri Meli

Henri Meli has started 43 posts and replied 981 times.

Post: Any Land Investors Out There?

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 673

Congrats @David L. on your first deal.

Post: Using self directed IRA to purchase Land

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 673

Thanks both @Brian Eastman and @Carl Fischer . Really appreciated. 

Post: Using self directed IRA to purchase Land

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 673

Another question for the Self Directed IRA gurus. When purchasing land within a Self Directed IRA would you recommend that I set up a separate registered LLC entity that will be the owner of the LLC? Or just have the Entity set up within the Self Directed IRA own the Land? What are the pros and the cons of either approaches? Thanks.

Post: Using self directed IRA to purchase Land

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 673

@Carl Fischer Thanks for your input. Personally, I prefer real estate to Stocks and the main reason is because of control. 

Post: Using self directed IRA to purchase Land

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 673

Thanks @Brian Eastman

Post: Using self directed IRA to purchase Land

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 673

Thanks @Brian Eastman

Another question. Can the IRA later sell the land to myself or one of my LLCs? Is that an allowed transaction?

Post: Using self directed IRA to purchase Land

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 673

Can I use funds from my self directed IRA to purchase a piece of land. I believe I can.

Can I build several homes (i.e a subdivision or apartments ) on that land and sell the homes? I'm not a builder, so someone else will be building it. Technically, I wouldn't be working on it myself. If I can't build on, what are things I can do on it?

Post: Mindful Multi Family Meet Up with Chris Salerno and Nick Ferri

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 673

@Joseph Firmin yes it is nearby. Unfortunately I will be out of the country for this date. 

Post: Story of buying my first property

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 673

Good stuff. I'm sure you can get a shorter link.

Post: Class C neighborhoods

Henri MeliPosted
  • Investor
  • Morrisville, NC
  • Posts 1,014
  • Votes 673

@Michael K. Smith . You need to define "Bad Neighborhoods". Class C is not always "Bad". As many have mentioned, it is really just lots of people with limited resources. Not all people with limited resources are bad people. 

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