|
Congratulations on joining a small, but growing, trend among smart and savvy individual retirement account owners….investing their retirement funds in a Self Directed IRA and using that self-directed IRA to purchase real estate in Orlando, Celebration,Kissimmeeand Winderemere Area
Finding the right price and location of your investment financed by your self directed IRA requires the right professional.
It is important to check the "track record" of any investment opportunity to be sure it is legitimate and will not result in the loss of all your funds. The first rule of investing is to protect your principal funds . The second rule is to choose the right real estate professional who understand this type of investing and who has experienced in this type of transactions. A typical realtor can only service a typical transaction. A Self directed IRA to purchase real estate requires a higher level of understanding. My job is to keep you updated and to look for the right real estate property.
Beware of buying foreclosures or short sale properties because those properties may not be located in an area of highest future growth. Also beware of buying real estate that the rent may not cover the mortgage. It might drain the cash from your Self Directed IRA. For example: why buy a $400,000.00 property when average rent is only $ 1300/month in a particular city? You will be better served if you will hire me to find properties at the right location and at the right price.
Most Self Directed IRA's invested in real estate can be financed also known as leveraging. You can invest by placing a 30% downpayment to a single family property for example and financed the rest of the 70% using a non-recourse mortgage. You can also buy the property in cash if you have plenty in your IRA funds.
You must remember that you will now be in charge of selecting your investments and with that comes the responsibility of making prudent and careful decisions that will not jeopardize you retirement funds.
To find Orlando Real Estate Properties for your Self Directed IRA , pls join my investors club or call me directly. To buy properties with current rental income or lease back from owners, please call me directly.
|