[BrianL99]

Originally Posted by dahrens1

I'm interested in your experience, can you expand on how you purchased homes here from within your IRA's?
Thanks!

Buying real estate with an IRA is a can of worms that most folks aren't equipped to handle, financially or otherwise. Anyone who suggests it's "easy" or that it's a panacea for taxes, doesn't understand it very well.

You do "avoid capital gains", but end up paying taxes as if it were regular earned income when you take distributions. Save now, pay later.

Here's a reasonable explanation of the problems, pitfalls and difficulties of buying rental property with an IRA.

Using Your IRA to Buy Real Estate

[BrianL99]

Originally Posted by geobar

Totally agree with you as anything South of CR-44 will never be as the original Villages was and created by "Harold Shwartz and Gary Morse". They built a community of Rec Centers, Stores, and Town Squares to attract buyers.

...
.
From what I have read on this site I can see we made the right move out of" The Villages" in 2020. Wish all home purchasers South of CR-44 the best of luck awaiting the creation of "Shopping, "Town Square", and enough Recreation Centers for everyone's convenience.

It won't be long, before TV North & TV South, are distinguished by different names ... just as the original trailer park area has been re-named "The Historic District".

Schwartz & Morse deserved accolades for what they did. The bought junk land in the middle of no where and from whole clothe, created a resort/city/community that provided what people wanted at the time. The "Field of Dreams", in a real life application. "Build it and they will come".

The next generation of the family, doesn't appear quite so smart or visionary.

They haven't created anything, other than housing. The sad truth, is the housing they've been creating is no different than subdivisions all over Florida, other than the location ... which is still in the middle of no where, surrounded by nothing.

[CoachKandSportsguy]

Originally Posted by BrianL99

Buying real estate with an IRA is a can of worms that most folks aren't equipped to handle, financially or otherwise. Anyone who suggests it's "easy" or that it's a panacea for taxes, doesn't understand it very well.

You do "avoid capital gains", but end up paying taxes as if it were regular earned income when you take distributions. Save now, pay later.

Here's a reasonable explanation of the problems, pitfalls and difficulties of buying rental property with an IRA.

Using Your IRA to Buy Real Estate

Doesn't really sound any different from any other investment in the IRA from a tax point of view. . always taxed at the income rate at withdrawal and no capital gains are paid out when selling the property, standard IRA rules. The biggest difference is that the RE investment is an illiquid investment, and can have very uncertain cash flows.

The cash flow and the financing appears to be the issue with a young IRA, as there isn't a lot of cash accumulated to be able to be successful. The key is that all cash in and out comes from the IRA, which is the cash flow requirement/ non cash invested for unexpected maintenance such as a new roof.

Again, just requires a good financial lawyer and CPA to make it work within the constraints, which are just added costs. . now its significantly easier to get real estate diversification with cash flow from a REIT, so i am assuming that the success or failure comes down to your ability as a property purchase negotiator and tenant/property manager to make it work financially, as well as a significantly sizable IRA with which to start. .

[vinnytalk]

Doesn't mean there will be many homes going on the market.

[Bogie Shooter]

Originally Posted by BrianL99

It won't be long, before TV North & TV South, are distinguished by different names ... just as the original trailer park area has been re-named "The Historic District".

Schwartz & Morse deserved accolades for what they did. The bought junk land in the middle of no where and from whole clothe, created a resort/city/community that provided what people wanted at the time. The "Field of Dreams", in a real life application. "Build it and they will come".

The next generation of the family, doesn't appear quite so smart or visionary.

They haven't created anything, other than housing. The sad truth, is the housing they've been creating is no different than subdivisions all over Florida, other than the location ... which is still in the middle of no where, surrounded by nothing.

You seem so glad that you bought in The Villages. You do live here right? Why?

[rustyp]

Originally Posted by BrianL99

It won't be long, before TV North & TV South, are distinguished by different names ... just as the original trailer park area has been re-named "The Historic District".

Originally Posted by BrianL99

Schwartz & Morse deserved accolades for what they did. The bought junk land in the middle of no where and from whole clothe, created a resort/city/community that provided what people wanted at the time. The "Field of Dreams", in a real life application. "Build it and they will come".

The next generation of the family, doesn't appear quite so smart or visionary.

They haven't created anything, other than housing. The sad truth, is the housing they've been creating is no different than subdivisions all over Florida, other than the location ... which is still in the middle of no where, surrounded by nothing.

Historic District - north of 441
Dyersville - between 441 and 466
Alexandria - between 466 and 466A
Stepford - between 466A and 44
Shaker Heights - below 44

[UpNorth]

Originally Posted by rustyp

[COLOR="Red"]


Historic District - north of 441
Dyersville - between 441 and 466
Alexandria - between 466 and 466A
Stepford - between 466A and 44
Shaker Heights - below 44

Actually, Spanish Springs is the "Historic District" . North of 441 is the "Prehistoric District".

[BrianL99]

Originally Posted by Bogie Shooter

You seem so glad that you bought in The Villages. You do live here right? Why?

It's not a complicated equation.

Morse created a "one of kind" with The Villages. Homes, recreational & social activities, virtually unprecedented in the USA.

Morse's heirs have created single family subdivisions, virtually identical to subdivisions all over the USA.

If you want/need a place to live, there are a million choices, including the Southern areas of TV.

If your needs are unprecedented access to golf and social/recreational activities, there's nothing like The Villages that I'm aware of.

[DAVES]

Originally Posted by Bilyclub

Good, then house prices will drop to a more reasonable level.

What is reasonable? For many, they own another home that they plan to sell. The one you sell is also going up. So it is a wash. Mortgage rates have also gone up. The purchasing power of the dollar CPI consumer price index was 9.1% now 8.5% or there about. Our previous home we sold it for 6x what we paid for it. Wow, great. Made me check most everything else also went up 6x.
What is happening, what will happen, truth it is a best guess.

If, you are happy where you are staying there may be the best option. My niece bought a home in
BUFFALO-homes are cheeeeeeeeep. You've probably heard of the SNOW. Trying not to call and tell her it is 70 here. Truth I miss the snow. Pictures and my busted back are enough for me.

[DAVES]

Originally Posted by ohioshooter

No matter what the original subject is, it usually ends up north vs south. Makes me laugh.

People are people, it has never been different. We are told typical villager moves three times.
HUM four would make more sense-north south east and west.

[DAVES]

Originally Posted by BrianL99

It won't be long, before TV North & TV South, are distinguished by different names ... just as the original trailer park area has been re-named "The Historic District".

Schwartz & Morse deserved accolades for what they did. The bought junk land in the middle of no where and from whole clothe, created a resort/city/community that provided what people wanted at the time. The "Field of Dreams", in a real life application. "Build it and they will come".

The next generation of the family, doesn't appear quite so smart or visionary.

They haven't created anything, other than housing. The sad truth, is the housing they've been creating is no different than subdivisions all over Florida, other than the location ... which is still in the middle of no where, surrounded by nothing.

Like it or not change is constant. We've all heard you can't escape death or taxes. They should have put in change but perhaps it does not flow the same.

Far as visionary. I am regularly reminded of what I used to think years ago. I would never move to Florida. Who is that old xxxx in the mirror?

Time, progress only goes forward. I have old 16mm movies that I had never seen as we never had a 16mm projector. They are family movies. My sister and I at ???? 5-7 ish.
The good old days. Movies show clearly how unlike what I remember they truly were.

[CoachKandSportsguy]

Originally Posted by geobar

.....
South of CR-44 I believe there they still have only one Publix to serve how many thousands of people. Why don't people realize what actually is going on with new home sales in "The villages"?
.....

There are limits to how many stores of a single type can be spaced together, too close and they cannabalized each other so that neither store is profitable. The key indicator is product turnover and waste from unsold products at expiration . . . so what's good for financial success is not always good for customers nor employees. . . there is a balance, and PUBLIX may have a say in the future layouts and locations of stores. . .

jus' sayin. . .

[asianthree]

Originally Posted by Robbb

Of the rental market that is. I'm staying in Richmond on a small block, in that block 4 of the 12 homes are rentals, 2 of which are rented. Today on one of the rental sites there are 49 homes for rent in March. With new rentals coming on the market every day, Ya gotta wonder if home rentals in the Villages are the soon to be crash that everyone is fearing.

So looking for a friend that wants to be close to Brownwood in Richmond,
V*B*-zero,
TV4R- Two listed and rented.
RFAV-29 listed, 6 long term available 3 seasonal, so 20 homes rented.

Long term takes longer to find the right candidate, after all they will be in that house anywhere from 6 months to multiple years. There are other rental sites, but those I listed are the top 3.

For a brand new village, with roughly 625 homes, that just started closing in November, the rental market looks to be doing well.

[asianthree]

Originally Posted by geobar

Totally agree with you as anything South of CR-44 will never be as the original Villages was and created by "Harold Shwartz and Gary Morse". They built a community of Rec Centers, Stores, and Town Squares to attract buyers.

Shamefully now as the "Morse Clan" only wants to make even more money. No consideration at all for the purchasers of their very profitable homes.
.
We bought a piece of land in Feb. 2009 in the Village of "Amelia". They offered us a full year to build. This will never happen today. All enmities were up and running before we purchased them there. I went to Publix in Colony on their grand opening morning, there were 2 customers and 6 employees in the store. Havana was being finished awaiting an opening day. Mallory was open months earlier. We were told as well as there would never be any more development south of CR-466A.
.
Then we purchased a home under construction in Pine Hills closing in Dec. 2018 and moved from Amelia. Again we were told by the cloned Village Salesperson that they (the Morse clan) have no desire to build South of CR-44.
.
South of CR-44 I believe there they still have only one Publix to serve how many thousands of people. Why don't people realize what actually is going on with new home sales in "The villages"?
.
When the "Village of Fenny" was opened for sale people bought. A few short months later you see homes go on the market for resale as there were no attractions for these purchasers. They needed to drive up to The Original Villages North of CR-44 for something to do.
.
We moved out of The Villages in August of 2020 as it was getting too crowded anywhere we went due to the wanted lack of places for the new purchasers South of CR-44 to do by the "Money Hungry Morse Clan".
.
From what I have read on this site I can see we made the right move out of" The Villages" in 2020. Wish all home purchasers South of CR-44 the best of luck awaiting the creation of "Shopping, "Town Square", and enough Recreation Centers for everyone's convenience.

So you moved out of TV in 2020, and still complain on a website designed basically for TV? So your reference of anything is over 2 years old, and yet one still spends time logging in, posting, and finding fault with really old information, that is just your opinion, of time gone by. When you post “I Believe” really means you are guessing what May or may not be true.

Did you not move to a active community to keep you busy enough. I would think since you are in the small percentage of the unhappy that chose to move, one would find a website geared to where you live now.

[Aces4]

Originally Posted by asianthree

So you moved out of TV in 2020, and still complain on a website designed basically for TV? So your reference of anything is over 2 years old, and yet one still spends time logging in, posting, and finding fault with really old information, that is just your opinion, of time gone by. When you post “I Believe” really means you are guessing what May or may not be true.

Did you not move to a active community to keep you busy enough. I would think since you are in the small percentage of the unhappy that chose to move, one would find a website geared to where you live now.

I think some important information was provided by Geobar. Are you requiring people be carded for living in The Villages right at the moment they post and not share their experiences while living here? That ought to get rid of the snowbird posters.