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我用退休金买的投资房

12/01/2018

别了,我用退休金买的投资房

By 康赛欧

这次决定卖的这个房,也是我在维加斯买的最后一个房,它是我在5年多前跟人血拼得来的,当时很多人在抢房,感觉房地产前景一片光明。房市从萧条到火爆,可以用这两句陆游的诗来形容:"山重水复疑无路,柳暗花明又一村。" 我就一咬牙,一跺脚,把钱再次投入了房市。

这个独立屋是我用存在401k和403b里的钱买的,这些存在那里的十几年的血汗钱,大概在经历过两次股市大的跌宕起伏后,没有能为我积攒下多少财富,所以决定把钱投入房市中。当时的维加斯房市已进入如火如荼的状态,大鳄们,虾兵蟹将们纷纷进入市场,形成了一片房地产繁荣昌盛的局面。在此情此景的影响下,我这个小虾米也坐不住了。

我那时绞尽脑汁想哪里还能挤出钱来,突然有一天脑洞大开,想到了我存的退休养老的钱,那个欣喜若狂啊,不过有些后悔咋就没早些想起它来呢,要不在房价很低时还可以多买1-2个房。

按理说现金就是王,不过我是用退休金买房,在有的listing agent哪不太好使,我就是开出比较优厚的条件,因为他们看不懂我的情况,嫌麻烦,反正买房的人多,不差我一个,就把我拒于千里之外。我不甘心啊,去找了个老美经纪人,付的佣金比别人多付0.5%(卖方不付买方经纪人佣金),放弃了用dual agent的想法。当时没有再次使用跟随了我多年的老中经纪人,是这样考虑的:第一,老美经纪人是个团队,有更多的房屋资源信息。第二,由于我的情况比较特殊,又比较的具有专业性,雇老美经纪人去跟同行解释,说明情况是占有绝对优势的,毕竟经纪人中,老美占多数。

我心里对没雇跟随自己多年的老中经纪人是怀有内疚的,所以决定在今后的卖房中,都是由她给我卖,我是说到做到了。我这人比较认死理,这也许是我生意做不大的原因之一,就是太念旧,认准一个人,就是别人说TA怎么的不好,我都不会放弃,在这方面比较执拗。话又说回来,我对做大并不感兴趣,知道自己能力有限,差不多就行了,这一贯是我做事的方法。

在老美经纪人带领下,看了几个房后,就决定下来了。老美团队的工作效率是比较高的,她们分工合作,各管一摊,在几天内就帮我搞定了一个房。我当时的心态是时间就是金钱,要以最快的速度买下房子。在看准这个房后,同时害怕有人跟我争抢,耽误我的时间,在必须把它拿下的心态的影响下,我直接在listing price上加价4%,真是有些爱TA没商量的做派,不把TA搞到手,誓不罢休哈。在这个时候不孤注一掷怎么办,既然已看好市场前景,就要该出手时就出手。

前房主二话不说,就答应了我,当时的这个房子价格,已比他一年多前买这房时涨了4万多刀,可他开出的条件是苛刻的,不维修任何东东,即使是我已加了价。前房主在卖前,给房子做了些装修,比如刷了墙,换了地毯。我找了个inspector, 检查了房子没啥大问题,就跟前房主签合同了。

时间过得真快,一晃5年多过去了,一直住在里面的租客搬走了,是卖房的时候了,反正是退休金买的房,想卖就卖,不用交税。在2011年房价很低时,我曾经告诉一个走的比较近的朋友去维加斯买房,可她一口拒绝了,夫妻俩是稳扎稳打的人,对投资没信心,也不懂,不懂又不学,只是安于现状。如果当时抓住投资房地产的机会,现在的财务状况会大不一样了。

投资需谨慎,在天时地利人和的情况下,看准了,该出手时就出手,是提早退休,实现财务尽早自由的最好途径。不求投资有多大,只求投资能稳准狠,就跟打枪那样,子弹一旦射出膛,就要击中目标。所以说,投资中不光要拼财力,判断力,预知力,很多时候还要拼勇气和信心。






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12/01/2018

Using your IRA to buy investment property

By Tim Parker

If you’re a savvy investor, you know a thing or two about IRAs. You know that they are a type of tax-advantaged retirement account that allows the funds within it to grow without incurring income taxes on any investment income earned by the principal (“basis” in financial advising terms).

You might also know that in what’s called a self-directed IRA, you are free to invest in just about any investment product, including stocks, bonds, options, mutual funds, ETFs, and REITs. There are a few limits, but overall, it's virtually anything you would ever need to build up a healthy nest egg.

But here’s what you might not know. Your IRA isn’t restricted to financial instruments that appear on the floor of a major exchange. You can buy real estate, too. It's not as easy as purchasing a few hundred shares of stock, though. If you want to plunge into property purchases, you need to know the rules. And there are a lot.

The Right IRA

First of all, your IRA has to be self-directed. You have to set it up independent of any brokerage that would make decisions for you (most brokerage accounts don’t allow real estate holdings, anyway).

However, to buy and own property via your IRA, you will need a custodian. A custodian manages the transaction, associated paperwork, and financial reporting. Everything goes through the custodian to keep you from violating the strict rules regarding these types of real estate transactions. As you would expect, the custodian will chargefees for the service. The custodian won’t advise you on how to best structure your holdings, however. Its job is to handle the back-office work. (For more along these lines, see: Retirement Tips: How to Choose the Best IRA Custodian.)

Before we look at the rest of the rules, understand this basic fact: You and your IRA are two separate entities. Your IRA owns the property – you don’t. In fact, the title to the property will say, "XYZ Trust Company Custodian [for benefit of] (FBO) [Your Name] IRA.” 

What Is and Isn't Yours

The property is purely an investment. You can’t use it as a vacation home, a place for your kids to live, a second home or an office for your business.

These rules regarding apply to both you and people the IRS deems "disqualified." Who is considered a disqualified person?

  • Your spouse
  • Your parents, grandparents, great-grandparents
  • Your children and their spouses, grandchildren, and great-grandchildren
  • Service providers of your IRA
  • Any entity that owns more than 50% of the property

If you want to learn more, look at section 4.72.11.2.1 of the Internal Revenue Manual

You also can’t purchase the property from one of these disqualified people – this is called a self-dealing transaction – nor can the IRA "purchase" from you property you already own. See also Avoiding "Prohibited Transactions" In Your IRA.

Making the Purchase

Your IRA balance will have to be pretty high, because getting a mortgage to purchase property inside an IRA isn’t easy. You’ll likely have to pay in cash, which not only takes a big bite out of the account now, but impacts your rate of return down the road.

Real estate investors often put a small amount down and take advantage of ultra-low interest rates to leverage the purchase, figuring they can make more money on the property than they’ll pay in interest. If you can’t finance your real estate purchase, you lose that potential for a significant return on investment (ROI).

Some banks will consider loans for this sort of transaction, but that presents another problem: Any revenue from the property may then be considered unrelated business taxable income (UBTI). To learn more, go to Section 511 of the IRS internal revenue code (IRC)

Owning the Property

Since your IRA doesn’t pay taxes, you can’t take advantage of the deductions that come with owning real estate. Since you've paid cash, there are no mortgage interest payments to deduct. Nor do you get the benefits of property tax deductions. You can’t take advantage of depreciation, either. 

If your property generates rental income, every bit of it goes right back into your IRA. Since you don’t own the property, you can’t pocket any of the income.

On the bright side, none of the maintenance or other associated costs of owning real estate comes out of your pocket. The IRA pays for everything. However, this is not without drawbacks. Every dollar that comes out of your IRA is a dollar that no longer gets a couple of decades to appreciate in value tax-free.

And what happens if property incurs a series of major expenses that push your IRA balance so low that the account doesn’t have enough money to pay for it? Remember, you can’t pay for anything relating to this property out of your own pocket, and IRA contributions are limited: You can only deposit $5,500 – or $6,500 if you’re 50 or older – in 2018.

If that doesn’t cover the repair, and you have to deposit more, you’re on the hook for penalties associated with contributing too much. This is a significant risk as property can quite often require pricey upkeep and the income you get from rentals may not cover what you need to spend in a high-maintenance year.

Selling the Property

To sell your property, work out a sales price just as you would with any other real estate holding. Once both parties agree on a price and terms, request that your custodian sell the property on behalf of your IRA. All money will go back into your IRA tax-deferred or tax-free, depending on the makeup of your IRA.

One final consideration: liquidity, or “how easy is it for me to get out of the investment?” With stocks, it’s relatively easy. Sometimes you can have your money back in seconds. In contrast, real estate is a notoriously illiquid investment. It may take a long time to divest, and you could lose money along the way. As eight million people learned in 2008, you could find yourself with an asset that is worth less than the amount of money you owe on it.

The Bottom Line

All this makes real estate investing of any type quite risky, or at best, high-maintenance. For an IRA, though, real estate is a particularly high-risk choice. Not only may property values drop rather than rise; a year of significant maintenance costs could subject you to penalties if your income and IRA contribution limit don't cover repairs you can't afford to ignore.

Unless they have the time and expertise to manage real property, individual investors are probably best off with more mainstream strategies for their IRAs.

For related reading, see House Your Retirement With Self-Directed Real Estate IRAs.


Source: https://www.investopedia.com/articles/personal-finance/111615/using-your-ira-buy-investment-property.asp










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