Blog Entries tagged '401k'

Beware of Existing Tenants When Buying a Foreclosure Or Short Sale

faisal@brooklyntroy.com — Tue, 23 Feb 2010 00:00:00 +0100

With the crash of the real estate market comes many opportunities for investors. Especially when purchasing the abundance of Short Sale and Foreclosure homes. There is however on caveat to these purchases that one truly has to consider and that is that you must honor any existing leases on the property for the duration of the lease term.

What many people are doing that no longer want their homes or are planning on letting it foreclose is relocating to a new home and renting out their p [...]

Don't forget about your 2010 Roth Conversions

faisal@brooklyntroy.com — Thu, 21 Jan 2010 00:00:00 +0100

Starting this year, anyone can convert all or some of their regular IRAs into a Roth regardless of their income or tax-filing status. Before 2010, you could not convert if your modified adjusted gross income exceeded $100,000 (single or married filing jointly) or if you filed your tax return as married filing separately. Those limitations are now gone for good (or until Congress changes its mind).

Separate income limits prohibit people who make too much money from contributing to Roth IRAs. [...]

2009 Delinquency Summary: Use your Self-Directed IRA for Commercial Properties

faisal@brooklyntroy.com — Mon, 11 Jan 2010 00:00:00 +0100

Here is a quick delinquency summary on the commercial loan market from Trepp:

Troubled loans transferred to special servicers grew to $68.3 billion versus $12.3 billion; Loans of concern have caused servicer watchlists to swell to $146.0 billion, compared with $124.0 billion; Hotel delinquencies surged to 13.87%, up from 1.2%; Multi-family delinquencies reached 9.27%, increasing from 2.8% Overall delinquencies climbed to 6.07%, rising from 1.3% - [...]

Buying $130k Investment Property with only $40k of 401k Money

faisal@brooklyntroy.com — Mon, 11 Jan 2010 00:00:00 +0100

Many people are still unaware that just because their 401k balance isn't enough to purchase a property it doesn't mean that they can't take advantage of the current real estate market. The fact is that there are several options for investors to utilize the funds that are available and successfully roll them over into a real estate investment. What is the primary vehicle needed to complete this transaction? Non-Recourse Loans.

There was a previous entry several months back [...]

Only 7 Days Left to Save on Taxes on Your Roth Conversions

faisal@brooklyntroy.com — Thu, 08 Oct 2009 00:00:00 +0100

We all know and felt the crash of every world market last year. It was a complete financial disaster. Many clients did a Roth conversion only to see their account balances decimated by the market free fall, and huge tax bills looming on values that no longer exist. For those of you who fall under this category the government has implemented a great tax break that will allow you to recharacterize your Roth accounts and eliminate the tax liability on the lost account value.

For example s [...]

Buyer Beware: No Such Thing as No Risk

faisal@brooklyntroy.com — Wed, 29 Apr 2009 00:00:00 +0100

Here is an email that I received the other day from a gentleman at a company which I will not disclose via my blog but will if you email and ask. I also changed his name to XYZ as well. None the less the email basically states that for no risk at all you can earn 25% annual returns., using his ''unique strategy. There is no such thing as no risk with any investment, that is why it is called an investment.My first red flag on this advertisement was the ''real estate expert'' didn't have a company [...]

Using Your Self-Directed IRA to Obtain Non-Recourse Loans

faisal@brooklyntroy.com — Mon, 27 Apr 2009 00:00:00 +0100

There are a countless number of ways to utilize your 401k and diversify your portfolio. An option that most people don't often utilize are non-recourse loans for self-directed IRA's. The IRS requires a non-recourse loan for all real estate purchases that use leverage with a self-directed IRA, which means that if the loan were to default the lender can only take the property and can not come after the borrower or their IRA account. Non-recourse loans are more often used for investors who want [...]

Is a Self Directed IRA right for you?

faisal@brooklyntroy.com — Mon, 30 Mar 2009 00:00:00 +0100

With the uncertainty within the financial industry these days it is no wonder investors don't know where to go with their money and investments. Over the past year we have seen such financial industry staples such as Lehman Brothers, and Bear Stearns go under, and even had a $50 billion Ponzi scheme by Bernard Madoff exposed. With all of the uncertainty in the market a great alternative can be Self Directed IRA's. With a self directed Ira investors have more control over their investments. T [...]