REALTY REPORT: Episode 1, Make a Down Payment and Still be able to Eat
Your Reality
It’s long been assumed that you must go cash broke to buy real estate. Putting 20 or 30 percent down on an investment property will do that to any average income.
MyREALTY™
While making a down payment of at least ten percent is highly recommended, you don’t have to deplete your cash reserves to do so. Most people shopping for property have a retirement plan. Did you know that you can rollover your existing IRAs or 401k to a self-directed IRA and use it to buy real estate? You can and without expensive tax penalties. Look up “self-directed IRA” online. You’ll be able to hang onto your cash and, with the volatility of the stock market, very well could be making a wise investment for your future.
Here the radio version.
It’s long been assumed that you must go cash broke to buy real estate. Putting 20 or 30 percent down on an investment property will do that to any average income.
MyREALTY™
While making a down payment of at least ten percent is highly recommended, you don’t have to deplete your cash reserves to do so. Most people shopping for property have a retirement plan. Did you know that you can rollover your existing IRAs or 401k to a self-directed IRA and use it to buy real estate? You can and without expensive tax penalties. Look up “self-directed IRA” online. You’ll be able to hang onto your cash and, with the volatility of the stock market, very well could be making a wise investment for your future.
Here the radio version.
Labels: down payment, Investors, my realty, real estate
posted by ewys at
2:03 PM
1 Comments:
Did you know you can invest in real estate inside your IRA or Solo 401(k) just as you can traditional assets?
Millennium Trust Company (http://www.mtrustcompany.com/services/ira/real.asp) located in Oak Brook, IL, custodies real estate in self directed IRAs and solo 401(k)s. They can walk you thru the process. Try contacting Sandra Reese at sreese@mtrustcompany.com for more info.
Post a Comment
<< Home