[Dougie944]

Mandatory withdrawals out of a 401k start on the year you turn 71.5. I am not sure how that plays out if all your cash was tied up in a piece of real estate. I would guess that you are not immune to this law and you better have some liquid reserves to withdrawal.

In a self directed 401k, I understand that you must be able to purchase the property without additional financing.

With the current housing and looming commercial property problems, I think this would be a horrible investment at the moment.

I don’t see how starting a self directed 401k would affect your tax basis. Am I missing something?

[Dougie944]

Mandatory withdrawals out of a 401k start on the year you turn 71.5. I am not sure how that plays out if all your cash was tied up in a piece of real estate. I would guess that you are not immune to this law and you better have some liquid reserves to withdrawal.

In a self directed 401k, I understand that you must be able to purchase the property without additional financing.

With the current housing and looming commercial property problems, I think this would be a horrible investment at the moment.

I don’t see how starting a self directed 401k would affect your tax basis. Am I missing something?

[Dougie944]

Mandatory withdrawals out of a 401k start on the year you turn 71.5. I am not sure how that plays out if all your cash was tied up in a piece of real estate. I would guess that you are not immune to this law and you better have some liquid reserves to withdrawal.

In a self directed 401k, I understand that you must be able to purchase the property without additional financing.

With the current housing and looming commercial property problems, I think this would be a horrible investment at the moment.

I don’t see how starting a self directed 401k would affect your tax basis. Am I missing something?

[Dougie944]

Mandatory withdrawals out of a 401k start on the year you turn 71.5. I am not sure how that plays out if all your cash was tied up in a piece of real estate. I would guess that you are not immune to this law and you better have some liquid reserves to withdrawal.

In a self directed 401k, I understand that you must be able to purchase the property without additional financing.

With the current housing and looming commercial property problems, I think this would be a horrible investment at the moment.

I don’t see how starting a self directed 401k would affect your tax basis. Am I missing something?

[Dougie944]

Call up another company (ie. TDAmeritrade) and they would be happy to walk you through the process and also give you a hand in moving your funds.

[Dougie944]

Call up another company (ie. TDAmeritrade) and they would be happy to walk you through the process and also give you a hand in moving your funds.

[Dougie944]

Call up another company (ie. TDAmeritrade) and they would be happy to walk you through the process and also give you a hand in moving your funds.

[Dougie944]

Call up another company (ie. TDAmeritrade) and they would be happy to walk you through the process and also give you a hand in moving your funds.

[Dougie944]

Any FB that can still get a loan.

[Dougie944]

Any FB that can still get a loan.

[Dougie944]

That was some really good info about the condo-tels.

The reason that the developers are making a condo hotel, rather than doing it themselves is because loans for hotels are very hard to get. There were tons of problems for the lenders after 9/11.

So, if I didn’t know anything else but that…..I would choose to pass. Why do I want to take on the risk that lenders for the entire project are afraid to take on?

Plus there are so many variables that the developers can’t discuss with you because it is “not an investment”. Of course, everyone is buying it as an investment.

That’s my take. If I could get one of those at half off after it didn’t work for the first guy….then maybe…after I could look at the hard numbers for both income and expenses.

[Dougie944]

That was some really good info about the condo-tels.

The reason that the developers are making a condo hotel, rather than doing it themselves is because loans for hotels are very hard to get. There were tons of problems for the lenders after 9/11.

So, if I didn’t know anything else but that…..I would choose to pass. Why do I want to take on the risk that lenders for the entire project are afraid to take on?

Plus there are so many variables that the developers can’t discuss with you because it is “not an investment”. Of course, everyone is buying it as an investment.

That’s my take. If I could get one of those at half off after it didn’t work for the first guy….then maybe…after I could look at the hard numbers for both income and expenses.

[Dougie944]

OC Scam

You seem like a real savvy Real Estate Mogul. Do you have any other insights?

[Dougie944]

I thought that WTC7 was another building…..so my question was how would the “gov’t” have gained from that building falling??? Conspiritists love to talk about the melting points of steel and missing tapes…give me the motive for WTC7.

The 2 large buildings were more than plenty if the government wanted justification for a war.

[Dougie944]

I don’t understand that response at all. If you could explain it for me JRex I would be greatly appreciative.

Why isn’t there a conspiritist with an answer to the above?

The government can’t even wire tap terrorists without it coming out in the mainstream media. But rig a building with explosives and kill thousands of Americans, and nobody blows a whistle???

[Author]

Posts