Posts Tagged ‘Estate’
Are you soon going to invest in real estate
Posted by admin in loanstocks on January 19th, 2010
Real estate is one of the three time-tested ways for people of varied economic means to build wealth (the others are stocks & small business). Over the long-term, you should be able to make an annualized return of at least 8 to 10 percent per year investing in real estate. Before you begin your journey of real estate investments you should pen down your short & long term goals alongwith the exits. You should also be able to understand the common loans available through lenders & how you may be able to finance your real estate investment through the seller of the property.
Investing in real estate isn’t rocket science but does require doing your homework. If you’re sloppy doing your legwork, you’re more likely to end up with inferior properties or overpaying. Our book clearly explains how to buy the best properties at a fair (or even below-market value!) price. A point to be noted here is that investment in residential properties is more accessible & appropriate for non-experts. So, if you are a starter in the real estate market then you should begin with residential properties such as single-family homes, detached & attached condominiums, small apartments including duplexes, triplexes & multiple-family residential properties and raw (undeveloped) land. Real estate investment trusts (REITs) can also be purchased through stock exchanges or a real estate mutual fund after careful study. Foreclosures & tax sales are another uncommon options to invest in.
Although you should make money over the long-term investing in good real estate properties, you can lose money, especially in the short-term. Don’t unrealistically expect real estate values to increase every year. When you invest in real estate for the long-term, the occasional price declines should be merely bumps on an otherwise fruitful journey.
Once you are able to differentiate between real estate & other investment options, have the money that is to be invested in properties and have understood the tax advantages then you should look out to find properties which fit with your overall financial & personal plans. You should not hesitate in seeking help from professionals such as top agents, lawyers & other real estate pros in the negotiation process, plus all the ins & outs of purchase agreements, inspections & closing on your purchase.
Finding and evaluating a property, place or location is anothe aspect to look into before a buying decision and some of the points to be considered here are population & job growth, income levels, supply & demand of properties, Government’s effect on the real estate in that location, schools, crime rates, pride of ownership, real estate cycles and most importantly what attracts you to the property.
If you having a trouble in financing your property purchases then you may look at fixed-rate and adjustable-rate mortgages, borrowing against home equity & seller financing. You should think twice before you opt for mortgages such as balloon loans, interest only loans and recourse financing. Another thing that you may rely upon is real estate referral & web surfing for mortgages. You should not just blindly trust upon the advices of mortgage brokers.
Before you start upon operating your property, a risk management plan should be developed and understand the different insurance options to get the one you need.
Self Directed IRA Real Estate Investments – 7 Points You Need to Know
Posted by admin in loanstocks on January 16th, 2010
Self directed IRA real estate investments make good sense. Not everyone has them, because not everyone is aware it is possible to have them. If your financial advisors only advise you to put your IRA money into stocks and bonds you may not know anything about self directed IRA real estate.
You may be someone who doesnât have the time to spend educating yourself on other areas that the IRS allows you to invest your tax-free or tax deferred retirement funds. In this short article you can learn a few things about investing your IRA money in real estate.
There are seven points you need to know when considering self directed IRA real estate. They are listed below:
1) Your IRA cannot purchase property that is already owned by you or a disqualified person. A disqualified person is your spouse, parents, grandparents or great grandparents, children and their spouses, grand children and great grand children and their spouses. There are a few others, which you can find in IRS Code Section 4975.
2) You or any disqualified person from list above, cannot receive indirect benefits from property owned by your IRA, such as taking a vacation in resort property or renting office space in commercial property your self directed IRA owns.
3) Your IRA needs to be tiled in the name of the IRA, not in your personal name.
4) The real estate in an IRA doesnât have to be 100% funded from your IRA. You can partner with a friend or family member. For example you found property for your self directed IRA real estate account that you need $100,000 in order to purchase it, but your IRA account only has $25,000. Your friend could provide the other $75,000. Your friend would own 75% of the property and your IRA would own 25%.
5) If your self directed IRA uses financing to purchase real estate, the loan must be non-recourse, and your IRA must pay unrelated business income tax or UBIT.
6) All expenses, such as maintenance, improvements, property taxes, and any other expenditures the property in the self directed IRA real estate requires, must be paid from the IRA. No personal funds may be used for any expenses.
7) All income from the IRA must also go back into the IRA account. You may not deposit any money, such as rental income into your personal account.
You will need a self directed IRA custodian to fill out all the paperwork required by the IRS. He or she will be very familiar with each of the points above. Donât let the details deter you from looking into self directed IRA real estate investments.
There are companies out there that can help you through the entire process, even the most important part of finding the right properties to bring you great returns. You can find your own properties, but unless you have lots of experience and you are handy at the fix ups that many properties will need, your best bet is to leave that part to the professionals.
Check out my web site to find out reputable people who have the experience and can help you earn great profits with your IRA money.
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Posted by admin in loanstocks on January 11th, 2010
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