Matt Barry’s Real Estate Investing Video Blog Introduction Video

Matt Barry’s Introductory video for his new real estate investing video blog. Matt discusses real estate investing, buying and selling houses, private money lending and more.

Basic Facts About Self Directed IRA Real Estate Investments

One of the popular features of self directed IRA real estate investments is the limited custodial participation and reduced custodial fees. This means that self directed IRA holder does not have to pay additional special, asset based, holding, or other related types of fees, including transactional fees for each check from your investment that you draw.
IRAs were created in 1975, as part of the Employee Income Security Act of 1974, or ERISA, and self directed IRAs were also created during this time. Most investment choices during this time included real estate and notes. Technically, self directed IRAs are no different from traditional IRAs.
They differ in their investment options, since most traditional IRAs only permit investment options in approved stocks, mutual funds, bonds, and CDs. This type of IRA allows, in addition to the investment types mentioned above, for tax lien certificates and private placements.
Some of the benefits of this investment type include special tax deductions, estate planning and asset protection options. A self directed IRA allows you to have complete control over your Individual Retirement Account funds, with most people opting to be custodians of their accounts, which, depending on individual financial portfolios, may or not be a feasible option for everyone.
The differences between purchasing personal real estate and a real estate investment for a self directed IRA have to do with expenses, signatures, funding, and title. In terms of signatures, all documents pertaining to the investments must be signed by the custodian appointed to the IRA, any expenses associated with your investment must be paid from and any income resulted from this investment must be paid from and into your IRA.
When you purchase an asset for your IRA, it must be titled properly to reflect its investment status and must make mention of the custodian of your IRA.
Investments purchased must be done so with funds directly from the IRA. You should also be aware that you cannot use your IRA to purchase real estate that you currently own, since this, as well as the purchase of real estate owned by your corporation or LLC is considered a prohibited transaction.
Self directed IRA real estate investments can be very profitable if handled and managed correctly, which is why so many people decide to pursue these alternatives to traditional IRA investing. Be sure to do your research and consult with your financial advisor before making any final decisions.

Private Money Lender: How to Get Them and How to Keep Them Long-term

Finding a private money lender is an essential part of any real estate investor’s business. In the old days (pre 2006) you could easily get a mortgage or even hard money loan simply by showing up in the lenders office and filling out an application. If you could walk and talk you qualified for a loan.

But today in the post credit-bubble market those days are over. Getting money for your real estate investing business is much more difficult and likely to get even more difficult as the credit markets sort things out. So how do you get money for your real estate investment business?

The answer is a private money lender.

One of the keys to finding a good private money lender is determining if they have similar goals and objectives as yours. You need to understand what they are trying to achieve and if your private lending program fits their needs. For example, if the private money lender wants an investment for a 10 year period, but you plan on doing quick flips every 6 months, it will not be a good long-term relationship. You and your private money lender need to have similar goals for a good long-term relationship that will result in repeat business.

So how do you determine if you and the potential private money lender have similar goals. You need to discuss your plan and ask questions similar to a job interview. We would recommend a series of questions similar to those listed below. Obviously, you can modified these questions to fit your personality, but the information you get will go a long way in determining if this is a person you want to do business with.

Important Questions to Ask

 

 

 

Asking these questions will flush out how close your goals are and will foster a good long-term relationship.

Is there a website that will organize a loan and report to credit agencies if I have a private lender already?

I can’t get approval for a personal loan through a bank. I have someone who is willing to lend me the money, but just want it to be reported to the credit agencies and also to protect the lender. Is there a website that will arrange the loan for a small fee or percentage?

Private Money – Who Do I Make The Check Out Too?

The one question that always comes up from private money sources

“Am I writing a check directly to the real estate investor? Or do I write it toan escrow/title company or attorney? “ This is an important question to ask BEFORE you trust your hard earned moneyin a private lending transaction. Make sure that the company you work with hasyou write your check directly to the escrow/title company or the attorney handlingthe closing of the transaction. If the investor asks you to write them a checkdirectly… be wary and walk the other way.

If your an Investor and your looking to use a private money source.

Consider these points

1. When your first starting out, you’ll need a plan. If you try to wing this people with the money have money for a reason. They are coutious! Trying to fumble your way through this will only get you disappointment.

2. Your plan should include things like a reputable title/escrow/attorney that has done transaction like this before. Most title companies will even write up the note/mortgage for you.  Make sure you know what to look for in the note/mortgage. Beware, these are boilerplate documents and can have verbiage in them that could burn you in the end.

3. Have a PowerPoint presentation or at least a script.  A 15 minute professional looking presentation can do wonders when recruiting new private money sources. The key is learning what and what not to say in the presentation. Someone that says they need to think about it is probably confused and a confused mind will always say no.

If you would like more tips on private money like this one visit: http://www.investorsclassifieds.com/private-money

What Are the Differences Between a “Traditional” SD Custodian and a TRUE SD Custodian

Click for Our FREE Offer!!!! retirementfundsecrets.com john@pgiselfdirected.com (602) 684-2922 visit us at pgiselfdirected.com PGI’s TRUEIRA and TRUE 401k combine the best of both worlds. The flexibility to invest when, where and how you choose along with 100% CHECKBOOK CONTROL. No more waiting. No more paperwork. Investing is as simple as writing a check. All these benefits, and the TRUE Self-Directed IRA and TRUE 401k are less costly to maintain. Fees are significantly lower than Traditional “Self-Directed” custodians.

Real Estate Investing Made Easy – RRESCapital.com

Are you currently earning the return you want on your investment dollars? If not, you should be, and you can with private lending in real estate! Private money lending is a great alternative to the stock market, especially in these tough economical times. Go To RRESCapital.com for more info!

Public Domain and Private Label Rights

Public Domain and Private Label Rights Resell Packages and other products
Public Domain and Private Label Rights

Paul Esajian from Flip This House with Than Merrill talks about buying & rehabbing houses

www.findfastrealestate.com, Paul Esajian from Flip This House (with Than Merrill) and Steve Hall talk about buying and selling properties, rehabbing properties and working with real estate investors that want pre-foreclosure and discounted properties for real estate investors, rehabbers, landlords and homeowners who want properties below market value.

Prohibited Transactions — Disqualified Individuals

Visit pgiselfdirected.com and selfdirected401kblog.com Contact John Park if you have any questions related to a self-directed IRA or 401K. john@pgiselfdirected.com (602) 684-2922 begin_of_the_skype_highlighting (602) 684-2922 end_of_the_skype_highlighting begin_of_the_skype_highlighting (602) 684-2922 end_of_the_skype_highlighting visit us at pgiselfdirected.com PGI’s TRUEIRA and TRUE 401k combine the best of both worlds. The flexibility to invest when, where and how you choose along with 100% CHECKBOOK CONTROL. No more waiting. No more paperwork. Investing is as simple as writing a check. All these benefits, and the TRUE Self-Directed IRA and TRUE 401k are less costly to maintain. Fees are significantly lower than Traditional “Self-Directed” custodians.

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