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Discuss the various ways to invest your IRA in Real Estate
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Following are 3 Little Known Secrets about your IRA that may change the way you look at your IRA from here on out. Little Known Secret #1: Your IRA can borrow money for rentals. This can include such items as Single Family Residences, Townhomes, Condos, Duplexes, Triplexes and Quads. It also could be Mountain homes, beach condos, etc. You get the idea. There are a few restrictions so give me a call and we can discuss those. Little Known Secret #2: When your IRA borrows money to purchase these rentals, the loan is not dependent on your credit score, how much you make or even how much debt you may have. It is simply based on the ability of the property to generate the cash flow to pay the loan. Little Known Secret #3: The loans your IRA borrows to purchase rentals NEVER show up on your credit report! They don’t increase or affect your debt ratio. They do not factor into any other non-IRA loans you may get. So how may IRA loans (called non-recourse loans) can you have? As many as your IRA can afford. Where do you get these Non-recourse IRA loans? I can help you with that. I went to many banks locally and found that most didn’t know what they were and naturally did not offer them. The closest one I found was in the Midwest. I wanted someone locally. So I recently hooked up with a local Mortgage Company, Christiansen Financial who is offering these loans. I am their exclusive rep for their Non-Recourse loans. Want to learn more? I sure hope so. Give me a call or send me an email and let’s talk. Why not really control your IRA and leverage the money in your IRA with a Non-Recourse loan? You do it with your non-IRA money all the time.
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I realize there are a number of restrictions to using your IRA to purchase properties to rehab, but the benefits seem to outweigh the restrictions. Currently my IRA is rehabbing a property at 2921 Abbey Ct, Winter Park, FL, 32792. There has been a double benefit in doing a rehab. Since my IRA owns 32% of Abbey, it must pay 32% of each contractors bill. This has forced me to contribute to my IRA (which is a very good thing) and once Abbey is sold, my IRA will receive 32% of the sales price... tax free until I take it out many years from now. So, using my IRA for rehabbing has actually been a very good thing.
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Arbor Ridge, Apopka
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We invite everyone to visit our open house at 2568 Sage Creek Place on
April 15
from 1:00 PM to 5:00 PM.
Property information
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Winter Park, Orange County
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We invite everyone to visit our open house at 2921 Abbey Ct. on
April 14
from 1:00 PM to 4:00 PM.
Property information
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Winter Park, Orange County
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We invite everyone to visit our open house at 2921 Abbey Ct. on
April 7
from 1:00 PM to 4:00 PM.
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Totally Renovated and Updated
• 1,456 sq. ft., 2 bath, 3 bdrm ranch
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MLS®
#O4759578
$324,900
- Pristine 3/2 Winter Park
Winter Park, Orange County
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Pristine updated 3/2 with WP Schools. Bamboo floors, New Kitchen with SS Appliances, Granite Counter Tops. Master Bath boasts Travertine floor and full Travertine Shower. French doors out Great Room to Large Patio.
Items updated or new include: New Roof, replumbed, new driveway, new garage door and opener, new tinted windows, all new exterior doors, new hot water heater, new ceiling fans, new interior doors, new appliances, new lights, new outlets and light switches, new paint inside/out, TERMITE BOND, new dryer vent to outside, new kitchen cabinets, sink, faucet, Granite counter top, crown molding, 5 1/4" baseboard, bamboo floor, carpet, tile in bath, tub, vanities, granite tops on vanity, travertine tile on master bath floor and shower, new carpet on porch, french doors to patio and out Master bedroom, landscaping, new gutters, new door locks and updated electrical. Whew. Lot of new stuff here so stop by.
Property information
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Enjoy this Oversized Yard
• 1,916 sq. ft., 2 bath, 3 bdrm single story
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MLS®
#O4758564
$309,900
- Almost Brand New
Arbor Ridge, Apopka
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Barley lived in 3/2 with lots of space between neighbors in Apopka. Great open floor plan with oversized 3 Car Gar. 42" Cabinets in large open kitchen. High ceilings throughout with Crown Molding & Tray ceiling in Master. Tasteful colors, Move In Ready.
Over $38,000 worth of upgrades from the Builder. 9'4" Ceilings throughout, upgraded carpet, wired for ceiling surround sound, Crown Molding throughout living area, Crown molding on 42" Kitchen Cabinets and there is still room for your plants and decorations. Other upgrades include 2" Blinds, Expanded covered patio, large oversized lot, side entry 3 Car Garage, 4 zone sprinkler system and upgraded lights and tile.
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• 2,091 sq. ft., 2 bath, 4 bdrm single story
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MLS®
#O4732145
$264,900
- Priced below appraisal!
Pitman Estates, Apopka
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Almost new 4/2 with lots of space. Large kitchen with center Island, 2 closet Pantries, wounderful Master Suite, Living and Family room, Patio wired for Spa, No rear or Right Side Neighbors, next to large field for playing. Priced $20k below appraisal!
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