Blog Entries tagged 'Brooklyn Troy'

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 [...]

Ever Heard of IRA Lending? Utilize Your 401k and and IRA Loan to Buy Real Estate

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

You would have to be living in a cave if you haven't seen or heard about the implosion of the real estate market over the last two years. Ever day in the news it is foreclosure this and a new regulation that. Not to mention although some 401k and IRA account have seen some recover from those late 2008 lows. Don't get your hand caught in the cookie jar the next time the market takes a dip. Now many investors have been waiting on the sidelines not sure what to do with their retirement accounts. [...]

Forget Loan Mods:Banks Making Millions off Americans Losing Their Homes

faisal@brooklyntroy.com — Wed, 10 Feb 2010 00:00:00 +0100

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Things You Need to Know Using Self Directed IRA's for Foreclosures

faisal@brooklyntroy.com — Tue, 09 Feb 2010 00:00:00 +0100

As the real estate market begins to bottom out investors are starting to flock to certain foreclosure areas. Of course what comes with the heard is the passive, casual investor. As most investors know in order to pick up these properties you need cash and these days investors are utilizing and diversifying their 401k's and rolling over to a Self-Directed IRA. Although there are a countless number of investment deals in the real estate industry one must do their homework before parting ways wi [...]

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 [...]

Self-directed IRAs are Buying Lots of Real Estate: Poor Credit and Limited Finances Don’t ...

faisal@brooklyntroy.com — Tue, 13 Oct 2009 00:00:00 +0100

*This is an article written by Pensco Trust CEO Tom Anderson that was featured in the August 2009 SJREI Journal.*

While today’s residential market is flooded with foreclosed properties, the resulting devaluations in many parts of the country are creating unique opportunities for long-term investment buyers. With many consumers increasingly concerned about liquidity as a result of the reeling economy, investors are turning to their retirement accounts to take advantage of an [...]

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 [...]

Solo 401(k) : The Self Employed Investment Vehicle

faisal@brooklyntroy.com — Tue, 06 Oct 2009 00:00:00 +0100

There is a common misconception that the only real retirement option for self employed individuals is a SEP-IRA. A lot of advisers aren't too familiar with the Solo 401(k) and especially the solo(k) with a Roth option.

Who Can Benefit?

Real estate professionals, sole practitioners, entrepreneurs, independent contractors, interior decorators, essentially any self employed person.

What is the difference?

Here is a general breakdown of the two:

SEP IRA's allow f [...]

Old Job, Old 401k.. What to do next?

faisal@brooklyntroy.com — Wed, 10 Jun 2009 00:00:00 +0100

If you are amongst the thousands of other Americans who have lost their jobs, still have their 401k with their old employer and have no idea what to do next, you are not alone. This market has been rough on everyone and now more than ever your next moves could very well determine your retirement. With that in mind your should roll over your 401k over and unless you absolutely need the money to support your family or stay alive you shouldn't just withdraw you fund from your old 401k. The tax i [...]

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 [...]

401k Rollover into Stocks or Land

faisal@brooklyntroy.com — Thu, 16 Apr 2009 00:00:00 +0100

Many people are not aware and are not told about the options that they may have with a 401k rollover. You see Bank of America, Charles Schwab and several other large investment firms starting to really advertise for clients to utilize 401k rollovers, with one catch they are not truly self-directed because they limit what you can roll your money into. One of the main investments that is usually not spoken about is real estate.

There is the constant argument of which investment is bette [...]

But the Economy.....

faisal@brooklyntroy.com — Thu, 16 Apr 2009 00:00:00 +0100

I have been traveling a substantial amount in the past two months and with that comes lots of human interaction. Of course with all of the economic uncertainty i.e. layoffs, recession, foreclosures, bank failures etc, the common topic of discussion is the economy. And why not right? Well I agree with that to a point. I have however, been growing more and more irritated with the abuse of the economy excuse.

It seems as though most Americans have adopted this excuse and are using it to [...]

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 [...]

Is Greed, Good or Bad?

faisal@brooklyntroy.com — Sat, 21 Mar 2009 00:00:00 +0100

The current economic meltdown can largely be attributed to greed. It was the greed of everyone involved in business over the last several years. Sure on the surface all there is to blame are the bankers on Wall Street, Mortgage Brokers and the CEO's at the major financial firms, but the consumers themselves played their part as well.

Examples of this? The first time home buyers buying houses they knew they couldn't afford, but had to have because everyone was doing it, and ''the only [...]

Self-Directed IRA's Replacing Bank Loans?

faisal@brooklyntroy.com — Tue, 03 Mar 2009 00:00:00 +0100

Yes, it is true Self-Directed IRA's are replacing many Bank Lenders through the investments of IRA investors. These investors are the lenders for developers, rehabbers/investors, and start-up businesses. With the markets is complete disarray investors are looking for alternative investments to salvage their retirement accounts. ''The frustrating thing is that after all the money my advisor has made off of me over the years, he has neglected to inform me of this investment vehicle.'' say Helen [...]