- This topic has 40 replies, 6 voices, and was last updated 16 years, 6 months ago by
peterb.
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August 22, 2008 at 11:54 AM #260066August 22, 2008 at 2:22 PM #260136
barnaby33
ParticipantWhy vacation rentals, this is why. I have been toying with a number of different areas to move some retirement money into a self directed IRA and buy a vacation rental
The original poster mentioned it. I’m not a believer that the coast is immune or even more immune. I think ultimately prices in higher end areas will come down more. Housing is a necessity, nice housing is a luxury.
The original posters comment had an undertone that I spot all the time. One that diversifying into or out of something is going to be what saves them. These are dangerous investing times. No asset is safe. There are real scenarios where almost any asset can lose lots of value, not just stocks or RE.
August 22, 2008 at 2:22 PM #260334barnaby33
ParticipantWhy vacation rentals, this is why. I have been toying with a number of different areas to move some retirement money into a self directed IRA and buy a vacation rental
The original poster mentioned it. I’m not a believer that the coast is immune or even more immune. I think ultimately prices in higher end areas will come down more. Housing is a necessity, nice housing is a luxury.
The original posters comment had an undertone that I spot all the time. One that diversifying into or out of something is going to be what saves them. These are dangerous investing times. No asset is safe. There are real scenarios where almost any asset can lose lots of value, not just stocks or RE.
August 22, 2008 at 2:22 PM #260345barnaby33
ParticipantWhy vacation rentals, this is why. I have been toying with a number of different areas to move some retirement money into a self directed IRA and buy a vacation rental
The original poster mentioned it. I’m not a believer that the coast is immune or even more immune. I think ultimately prices in higher end areas will come down more. Housing is a necessity, nice housing is a luxury.
The original posters comment had an undertone that I spot all the time. One that diversifying into or out of something is going to be what saves them. These are dangerous investing times. No asset is safe. There are real scenarios where almost any asset can lose lots of value, not just stocks or RE.
August 22, 2008 at 2:22 PM #260393barnaby33
ParticipantWhy vacation rentals, this is why. I have been toying with a number of different areas to move some retirement money into a self directed IRA and buy a vacation rental
The original poster mentioned it. I’m not a believer that the coast is immune or even more immune. I think ultimately prices in higher end areas will come down more. Housing is a necessity, nice housing is a luxury.
The original posters comment had an undertone that I spot all the time. One that diversifying into or out of something is going to be what saves them. These are dangerous investing times. No asset is safe. There are real scenarios where almost any asset can lose lots of value, not just stocks or RE.
August 22, 2008 at 2:22 PM #260432barnaby33
ParticipantWhy vacation rentals, this is why. I have been toying with a number of different areas to move some retirement money into a self directed IRA and buy a vacation rental
The original poster mentioned it. I’m not a believer that the coast is immune or even more immune. I think ultimately prices in higher end areas will come down more. Housing is a necessity, nice housing is a luxury.
The original posters comment had an undertone that I spot all the time. One that diversifying into or out of something is going to be what saves them. These are dangerous investing times. No asset is safe. There are real scenarios where almost any asset can lose lots of value, not just stocks or RE.
August 22, 2008 at 3:10 PM #260176nostradamus
ParticipantWhy limit to the beaches? People rent at ski resorts and other such vacation places. Colorado’s real estate was slammed, might get some deals there out towards Vail, Frisco, Breckenridge, Copper Mountain, etc. Just an idea.
August 22, 2008 at 3:10 PM #260374nostradamus
ParticipantWhy limit to the beaches? People rent at ski resorts and other such vacation places. Colorado’s real estate was slammed, might get some deals there out towards Vail, Frisco, Breckenridge, Copper Mountain, etc. Just an idea.
August 22, 2008 at 3:10 PM #260385nostradamus
ParticipantWhy limit to the beaches? People rent at ski resorts and other such vacation places. Colorado’s real estate was slammed, might get some deals there out towards Vail, Frisco, Breckenridge, Copper Mountain, etc. Just an idea.
August 22, 2008 at 3:10 PM #260473nostradamus
ParticipantWhy limit to the beaches? People rent at ski resorts and other such vacation places. Colorado’s real estate was slammed, might get some deals there out towards Vail, Frisco, Breckenridge, Copper Mountain, etc. Just an idea.
August 22, 2008 at 3:10 PM #260433nostradamus
ParticipantWhy limit to the beaches? People rent at ski resorts and other such vacation places. Colorado’s real estate was slammed, might get some deals there out towards Vail, Frisco, Breckenridge, Copper Mountain, etc. Just an idea.
August 22, 2008 at 3:32 PM #260457luchabee
ParticipantFor many reasons, including converting potential earnings from capital gains to ordinary income, the potential that your IRA will not be able to benefit from depreciation or interest deductions, improper asset diversification, and high custodian costs, speak with a tax attorney of CPA/CFP before you do this.
From neutral parties, I have heard it is far better to use cash from an existing property than to use your IRA if you are going to invest in real estate right now (which is a whole different question entirely).
Be careful . . . they are not the deal that many think they are. Talk to an attorney or CPA.
August 22, 2008 at 3:32 PM #260498luchabee
ParticipantFor many reasons, including converting potential earnings from capital gains to ordinary income, the potential that your IRA will not be able to benefit from depreciation or interest deductions, improper asset diversification, and high custodian costs, speak with a tax attorney of CPA/CFP before you do this.
From neutral parties, I have heard it is far better to use cash from an existing property than to use your IRA if you are going to invest in real estate right now (which is a whole different question entirely).
Be careful . . . they are not the deal that many think they are. Talk to an attorney or CPA.
August 22, 2008 at 3:32 PM #260201luchabee
ParticipantFor many reasons, including converting potential earnings from capital gains to ordinary income, the potential that your IRA will not be able to benefit from depreciation or interest deductions, improper asset diversification, and high custodian costs, speak with a tax attorney of CPA/CFP before you do this.
From neutral parties, I have heard it is far better to use cash from an existing property than to use your IRA if you are going to invest in real estate right now (which is a whole different question entirely).
Be careful . . . they are not the deal that many think they are. Talk to an attorney or CPA.
August 22, 2008 at 3:32 PM #260410luchabee
ParticipantFor many reasons, including converting potential earnings from capital gains to ordinary income, the potential that your IRA will not be able to benefit from depreciation or interest deductions, improper asset diversification, and high custodian costs, speak with a tax attorney of CPA/CFP before you do this.
From neutral parties, I have heard it is far better to use cash from an existing property than to use your IRA if you are going to invest in real estate right now (which is a whole different question entirely).
Be careful . . . they are not the deal that many think they are. Talk to an attorney or CPA.
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