Thursday, February 23, 2012
Wednesday, November 9, 2011
Now is good time to negotiate a long term lease and lock in the rates landlords are offering.
Thursday, March 24, 2011
I’ve had a few discussions with people about self-directed IRAs and the possibility of investing your IRA in real estate, so I did some research and found some information about them and a group that specializes in them.
The answer is yes, you can tuck property into your retirement account.
Over the last few years, stocks have cratered. Despite their recent rebound, millions of retired and almost-retired have been forced to extend their working years just to maintain a minimum standard of living.
While your 401(k) plan may not offer real estate in any form, the fact is, you can own real estate in your retirement plans. Retirement plans are by nature long-term investments. You can't get much more long term than real estate. But you must keep in mind that you'll be able to invest only for income and appreciation. You can't deduct depreciation, as you can in a taxable investment.
You have to be very careful how you do it. A single bad move can create a major tax disaster.
An all-cash transaction is probably the easiest. If you don't have sufficient cash, your retirement plan can purchase a partial interest in a property. That's known as a tenant in common interest.
You can borrow the money to finance the property but will also need to pay the Unrelated Business Income Tax (UBIT). Depending on aggravation level, costs, tax rates and rates of return, the leverage may be worth the tax cost. Call for a recommended provider.
Friday, July 9, 2010
If you wondered, like I did, why Gold’s Gym would move into a building that is difficult to access the answer will soon be evident. American Furniture Warehouse purchased all of the adjacent land and will now build an roadway with access of Highway 6&50 into the commercial development. A map of the proposed access is included on the second page of this newsletter.
American Furniture Warehouse has multiple locations in Colorado. You can check out their website at www.afwonline.com.
In case you missed the Sentinel article “American Furniture Warehouse owner Jake Jabs said he plans to open a 150,000-square-foot building on the property that will include a warehouse and a showroom. The store could open as soon as early 2011.
Jabs said the store will need about 150 staff members for sales, office, delivery and staging work. He said he wants to hire local contractors to construct the building.
Jabs said he opened an American Furniture Warehouse store in Grand Junction in 1984, but it closed the next year due to poor economic times in the area. A growing number of American Furniture Warehouse products being delivered to the Grand Valley prompted Jabs to return to the area.”Anderson, E. (2009, Dec 31). The Daily Sentinel.
Thursday, May 27, 2010
City Market is out of the ground on their 24 and F Road store. The above picture is a diagram of the proposed F 1/2 Road Parkway approved by the city in 2005. A portion is already complete from 24 Road north of the new 14-plex cinema to Market Street.
City Market built a culvert to provide access to their new store off 24 Rd, which will facilitate Redlands residents primarily. However, because the 24 Road access is only a ¾ intersection residents from the north will not be able to make a left turn into the parking lot. Instead they will have to gain access from Market Street. From Patterson Rd (F Rd) there will be numerous lights, making the location inconvenient. From 24 Rd a left turn will be required to F 1/2 Road then another right onto Market Street.
The simplest path to City Market for the majority of residents in the North Area will be realized when the F ½ Road Parkway between 24 ½ Road and 24 Road is built. It may still be easier to access the Horizon Dr. Safeway from the North.
I am interested in spearheading a public demand for the construction of the F 1/2 Road Parkway, in lieu of other frivolous city projects, such as spring clean-up. Please let me know if you are interested.