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All Forum Posts by: Kevin Moen

Kevin Moen has started 9 posts and replied 199 times.

Post: Financing for a abandoned commercial multifamily property

Kevin MoenPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 215
  • Votes 77

@Billy Au-Yeung Have you found any lenders who would be willing to refinance it after rehab and stabilization? If so, could you work with a local hard money lender for acquisition and rehab? If the numbers are good enough you could most likely find one who would lend on both if you put 20% down. They will likely charge 12% and 2-4 points, but if you build enough equity and find a good lender to refi, that may be the best strategy. 

Kevin

Post: Passive income via turnkey properties

Kevin MoenPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 215
  • Votes 77

@Karen O. Flipping through a self directed account comes with many challenges like the need to only manage the project indirectly which can be defined in a number of ways from my understanding. Not to mention if your SD retirement account is the sole investor you must have enough funds for the entire project, all costs, and any potential overruns. If you leverage that can lead to some high taxation. If you just want to invest for cash flow in your SD retirement account, I would recommend looking into notes. With that strategy you are the bank and have the lack of liability and headach like a bank, yet your investment is ultimately secured by real estate. That is what I am doing with my SDIRA.

Post: Do I leverage or not in my 1st self directed Ira deal?

Kevin MoenPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 215
  • Votes 77

If you go all cash will you have enough reserve funds in your SD IRA to cover unexpected repairs, and other expenses associated with owning the property? If you have an emergency repair and lack sufficient funds in your SD account you may find yourself between a rock and a hard place. I agree with @Loren Whitneyyou should fully understand the impacts of UBIT if you were to leverage. It will take a significant bite out of your profits. 

Post: Private lenders

Kevin MoenPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 215
  • Votes 77

Can you roll it over to a self directed IRA? If so I would highly recommend rolling it into a self directed Roth. You will pay taxes at your current tax rate, but all the growth thereafter will be tax free. I invest in notes with my self directed Roth, and can get a 10% - 15% return with assets secured by real estate with equity. That will double my money every 5 years or so.

Post: How to Analyze Duplex in Minneapolis

Kevin MoenPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 215
  • Votes 77

@David MooreI think you tagged the wrong Kevin. 

Post: Pros and Cons of Using IRA to invest in Real Estate?

Kevin MoenPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 215
  • Votes 77

@Account ClosedFor many of the great points listed above many investors invest in notes vs real estate with Self Directed retirement accounts. That means investing in a mortgage or deed and promissory note. You are still secured by real estate, but you are the bank instead of the landlord. Less liability, less hassle and less headache. That is what I use my Roth IRA for.

Post: What should I look for in a Self Directed IRA?

Kevin MoenPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 215
  • Votes 77

Keep in mind if you use leverage to buy a property with your SD IRA you can only get the percentage of capital your IRA contributed as a tex deferred. Did I say that correctly IRA pros? @Karen ReynosoHave you ever considered investing in notes for passive income?

Post: need one day funding or transactional funding

Kevin MoenPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 215
  • Votes 77

What is your timeline? I may be able to help. 

Kevin

Post: Tax Deductible Investing

Kevin MoenPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 215
  • Votes 77

You could set up a Self Directed IRA, contribute for 2015 and 2016 ($11,000 for most people) and invest in notes. Your contribution, the $11k, would be a deduction. You could also buy a rental depending on your income level, you can write many expenses off including utility bills, depreciation, repair expenses. I can help you buy a turn key rental if you would like.

Kevin

Post: 401k

Kevin MoenPosted
  • Rental Property Investor
  • Seattle, WA
  • Posts 215
  • Votes 77

If you can self direct you can buy a note with $25k, and even find ones that yield 10%+. That is what I am doing with my Roth IRA.