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One of the things that Real Estate Investors really need is a good contact team. I was very lucky when I started because I work for a very experienced real estate investor. His name was Glenn. He’d been working in real estate investing for 40 years. He was in his 60s. I got a job […]
Lease Option Pitfall Number 3 Protecting the seller from getting sued and getting a lien or a judgment with this particular property is it important part of dealing with least options. When we place a property into a Land Trust, it turns a public real estate investment into a private real estate investment. If somebody […]
Lease Option Pitfall Number 4 Not using a loan servicer so that your payment goes directly to paying the mortgage company PITI. So the solution to making sure that the loan stays current and the seller owner of the property does not neglect to pay the mortgage on time, we use a loan servicer. These […]
Lease Option Pitfall Number 5
So Buy and Hold investments in your IRA is that possible? Sure it is. Think of the IRA as a company or a trust that’s going to be buying the property and you’re holding it in your IRA. Just talk to your custodian and tell them that you want to buy a property all cash […]
Can you open up an IRA for Real Estate Investments? Sure you can . The first step is do you have any current IRAs right now? If you do we can use that money to create a self-directed IRA. If you don’t even have one Ira we can start a brand new one. It’s important […]
Can you do a wholesale deal in the name of your IRA yes you can! All you need to do is to get a Salem purchase agreement and instead of your name or your corporation’s name or your llc’s name you going to put it in the name of your self-directed IRA. Think of the […]
Retailing means buying a property, fixing it up, and selling it to a retail buyer that gets usually a FHA or consumer mortgage. So if you’re going to buy fix and resell to a retail buyer with your IRA, and use IRA funds to buy and to repair, Make sure that you have enough money […]