Active Adults Communities Offer New Plans And Prices For 2011

February 2, 2011

According to U.S. Commerce Department figures released this month, nationwide housing starts increased 0.3 percent to a seasonally adjusted annual rate of 610,000 units in September; which was due completely to a 4.4 percent gain in the single-family sector. Because of this slight increase in new home construction, the economic outlook is looking up for 2011. Many golf club and active adults communities are encouraged by this positive prediction as they introduce new plans and prices for 2011.

Builders Responding To Consumer Demand

Builders are carefully responding to the small improvement they are seeing in interest among potential home buyers. They are receiving more inquiries from potential customers and are cautiously excited about this renewed consumer interest. The golf club and gated community industry remains confident that their new plans for 2011 will bring even more potential residents to their communities.

Over the past several years as the real estate market has declined, builders have not sat idly by waiting for potential homebuyers to return. Many realized that they needed to hear from retirees about what kind of community they wanted to live in. By conducting market research and focus groups with their target audience, some builders got ahead of the game and are rolling out new plans and amenities that are more in line with their customers’ wants.

Plans From Award Winning Active Adults Communities

The active adults communities that are dipping their toes back into the market are those that have received design and marketing awards and have been featured in industry magazines. They are established communities that have withstood the lows of the real estate market.

Communities poised to do well releasing new plans offer detached and attached single-family homes priced from the $130s to $3000s. New floor plans offer various size options with one, two or even three bedrooms. These homes open the door to a fantastic active adult lifestyle. With multiple floor plans to choose from, many feature open flowing designs, sunny kitchens, and breakfast nooks, welcoming sun rooms and dining areas, cozy dens and master suites with breathtaking baths. Several plans allow for a lanai, which is great for quiet, relaxing afternoons or entertaining friends and family.

Communities With Golf Club & Amenities

Devoted golfers will feel right at home in active adults communities with private golf courses. Many communities house casual and formal restaurants in their golf club as well, and residents can also find everything for their golfing adventures at well-stocked pro shops. Additionally, men and women alike will be comfortable and find all the amenities they require at the locker facilities. Many clubs boast grand balconies overlooking the course, an aquatic driving range, practice chipping and putting greens.

Also found at many gated communities, residents can enjoy a spa and fitness center, ballroom, tennis and pickle ball courts, restaurants, and often even a community room and studios for a variety of arts and crafts.

Builders are taking advantage of the positive outlook on the nation’s real estate market by offering new plans and pricing for 2011. Retirees looking for a gated community with tons of amenities should take a look at what’s out there!

Chris Harman is a writer for Solivita, a premier gated community in Kissimmee Florida. Solivita, like many other active adults communities, is offering great new plans and prices for 2011.

Article Source: http://EzineArticles.com/?expert=Chris_A._Harmen

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Real Estate Marketing Strategies: How to Create Your Multiple 6 Figure Income for 2011

January 18, 2011

You are about to learn the secrets to creating a multiple six figure income while still having time to do what you love to do. This is a very exciting topic because we really are going to blow the lid off the roof and break through those glass ceilings that you’ve set for yourself.

This topic is for you if you if:

  • You are tired of stressing about money
  • You are frustrated that you’re not living your full potential
  • You are tired of feeling held back and not even knowing why
  • You know that you could be taking your business to next level and are tired of sabotaging yourself
  • You have done well in the past want to bring your business back up to speed
  • You are tired of using the economy as an excuse
  • You are ready to breakthrough all of your barriers and create a multiple 6 Figure Income for 2011

I was once where you are. I struggled with how to get more clients. I struggled with how to get more leads and how to fill up my pipeline. I felt the pain that many of you are feeling right now, the frustration and the stress of not knowing how to get my business back on track.I’ve been on your journey and what I realized was that it all began with me. Even though I tried to put the responsibility for my success on to the economy, competition or personal things were happening in my life; I didn’t start succeeding until I took 100% responsibility for my life. In other words with the help of coaches and mentors, I liberated myself from the victim position of thinking that I was helpless to change my income. I had to let go of the idea that the economy or the marketplace or anything outside of me determined my success.

In other words I found that by getting outside help and going within, I was able to win the “inner game of success” and that made all the difference. With coaching, I changed my inner programming. Instead of operating from an old paradigm that didn’t allow me to fulfill my full potential, I learned to let go and install new software in the computer of my mind. I created new Empowered beliefs.

The first thing to understand is that you can only be as successful as your inner programming allows you to be.

Say you want to create a new year’s resolution that 2011 is going to be your best year yet. But the part of you that is creating that resolution is your conscious mind and that is only responsible for 2% of the results you get in your life. That’s why it’s so common to make New Year’s resolutions and then forget them.

The other 98% is your subconscious mind. The subconscious mind is full of the self limiting beliefs about you and your success. Unless you have an image of yourself as of success on the inner level, it can’t manifest out on the outer level, or if it does you will find a way to sabotage it.

The second thing to understand is that the latest brain research tells us that we have programmed circuits in our brain from childhood and that we are unaware of them.

I was working with a client who recently discovered that she was programmed to think of herself as “defective”. As a real estate agent she struggled for years but could never get anywhere in her business, until she worked with me. In a short amount of time it became clear to both of us that if she was going to be successful, she was going to have to reprogram the belief that she was defective as well as many other self-limiting beliefs from her childhood.

In summary, you need to find the origin of faulty programming, and when you first began to believe things about yourself that weren’t true such as:

  • I have to be perfect to be okay
  • I’m not smart enough to succeed
  • I can’t seem to create what I want in my life
  • If I ask for what I want I’ll be rejected

It’s not enough to put an affirmation on top of the self-limiting belief. I would be like putting a Band-Aid on top of an infected wound. This is where a lot of people go wrong; they use affirmations which seem to work for a while but eventually the old beliefs surface again because they’ve never been wiped out.These self-limiting beliefs are not your fault. However, it is your responsibility to locate those beliefs and extract them so they don’t ruin your life.

The next thing to understand is that if you’ve been saying to yourself “I know what I should be doing; I’m just not doing it.”, then you are suffering from excess baggage that is weighing you down.

There are two kinds of coaching: there’s accountability coaching and there is mindset coaching. If you’ve had any coaching at all so far, it has probably been accountability coaching. There are many real estate gurus who give weekend seminars and then offer accountability programs to learn their system.

These accountability coaching programs are not bad. Many of them teach you how to prospect, how to have powerful scripts when talking to prospective clients, how to build referral systems, and many other things you need to know to be a successful real estate agent.

Most of the time however, people take these accountability coaching programs before they have cleared away the self-limiting beliefs in their mind. Before meeting me, my clients didn’t have anyone that could help them to discover their self-limiting beliefs, release them, and replace them with updated empowered beliefs such as:

  • I am more than good enough
  • Success comes to me easily and effortlessly
  • I make money by working smarter, not harder
  • I have a valuable service to offer people are happy to hear from me

This is the power of Mindset Coaching over Accountability Coaching. Once those new beliefs are installed in your subconscious mind, there can be no stopping you. Then you will realize that your success is entirely about keeping and maintaining positive pro-success mindset. In other words, mindset coaching can help you succeed in “winning the inner game of success.”

About the author: Dr. Maya Bailey, Multiple 6 Figure Income Business Coach for Real Estate Professionals, integrates her 20 years of experience as a psychologist with 14 years of expertise in marketing. Her powerful transformational work creates a Success Formula for Real Estate Professionals ready to create a Multiple 6 Figure Income. To get your free report: “7 Simple Strategies to More Clients in 90 Days” and to apply for an Initial Complimentary Consultation, go to http://www.90daystomoreclients.com.

Article Source: http://EzineArticles.com/?expert=Maya_Bailey,_Ph.D.

Image Credit: clintcoons.wordpress.com

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How to Attract Potential Clients

November 9, 2010

The real estate industry has indeed gone online.  More and more people are logging into the Internet if they are looking for houses for sale in their preferred locations, and more and more sellers are also posting their properties online to be able to reach more potential clients.  It is also not surprising to see real estate companies putting up their own websites in the Internet.  In fact, independent real estate agents who are not working for any companies or agencies have also created their own sites or put up a blog to advertise their services.  If you are a real estate agent and want to attract more people into hiring your services, then here are some simple and very easy tips on how to go about this.

If you own a blog or a website, you should really make the most out of this and increase your traffic.  An increased traffic into your blog or website means increased potential clients who will avail of your services.  Now, if you want to increase the traffic going into your site, be sure to post articles relevant to your profession.  You should also make use of the right keywords to push you to the top page of a search engine, making you more visible to your potential clients.  Your articles should not only talk your services, but it should also include articles about the real estate industry as well as tips and advices relevant to selling or buying properties.

Aside from writing articles for your blog and website, it will also prove to be very beneficial for you if you submit articles to online directories.  You should remember though to include your contact information as well as website address, aside from simply including your name on the article.  That way, if a potential client reads an article that you have written and likes it, then he can easily locate your website over at the World Wide Web.

These are just some of the ways on how you can attract potential clients on the Internet; however, you should know that you still have to make your presence known in the real world.  For this reason, advertising through the yellow pages or posting your ads in the newspapers is still a good idea.  You could also distribute flyers to people and you have to make sure, too, that the flyers will include not only the type of services you offer but most importantly your name and contact details.

Remember, the only way to gain clients is if you advertise yourself, so if you do not make any effort of introducing yourself and your services to people, then you will have a lesser chance of making a name for yourself in the real estate market.

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Real Estate Client Representation in Illinois

September 5, 2010

For years and years (“good ole days”) buying a home through a real estate agent was similar to going to Sears to buy a stove: you were not legally represented by the agent with whom you were working. Since the Seller usually paid the commission and the listing broker shared that commission with the selling broker, the buyer’s “agent” was in fact a subagent of the Seller. In the 90’s a class action law suit (dual agency) involving one of the largest brokerage firms in the country resulted in a settlement rumored to be a bunch of money. Agency immediately became of great interest and concern for both real estate companies looking to avoid similar problems and state governments.

Today all states have laws defining real estate agency: buyer agency, seller agency, and dual agency, although some still allow for “facilitators,” where no agency has been established. Agency laws define the relationship between the agent and his client, or principle, and the duties of each. Illinois has, by statute, established the duties of the agent to the clients: care, obedience, accounting, loyalty, confidentiality, and disclosure (remember the Boy Scout oath?). The simple rule is that, excepting unlawful demands, the client’s interest must be placed above the agent’s interest. The client would be obligated to treat the agent honestly, cooperate toward fulfilling the goal for which the agency was formed, and to compensate the agent as agreed.

Establishing agency requires competent parties, a lawful purpose, and agreement between the parties. An agency can be express (written or oral, but written is pretty important) or implied (by words or actions) and once established must be taken very seriously. Obviously if an agent has discussed the job, duties, objectives, compensation, etc. with a prospective client or customer, and they have agreed to work together, an agency relationship has been created. Some acts can be performed without creating an agency: things like answering questions without giving advice. Just answering questions about a home, for instance at an open house, is considered “ministerial” and does not create agency: the other party is considered a consumer: a potential client. A problem can arise if the agent begins to give the consumer advice or moves beyond providing information about a specific home. The Illinois law says, “Licensees shall be considered to be representing the consumer they are working with …,” so an unintended agency relationship may be created.

While most agents will represent either a buyer or seller in a transaction, Illinois license law allows Dual Agency in which the same agent “represents” both buyer and seller. As an example, if an agent had a listed property (a seller client) and a buyer for whom the listing seemed perfect, with the informed written consent of both clients, the agent could show and perhaps negotiate a contract between his/her two clients. It’s difficult to understand the term Dual Agency in this transaction: by definition, agency demands working in the best interest of the client and the two clients have opposing interests (purchase price). The agent in this case more intermediates than advocates. The potential for claims of unfair representation are much greater in this type of transaction and utmost care must be taken to insure that both parties are fully informed and agree before any showing takes place. (Undisclosed dual agency is the basis for the law suit mentioned in the first paragraph.) While most agents would like to receive both ends of the commission, it is probably safer from a legal perspective and certainly better service to the client, to avoid dual agency. Illinois uses the “designated agent” approach to allow a Broker to appoint one agent to represent a Seller and another to represent a Buyer in the same transaction without creating a dual agency within the same brokerage.

When beginning to work with a client, get the relationship in writing (if at all possible). It is mandatory for a listing, but sometimes buyers are reticent to sign agency agreements. That may be because the agreement is not properly explained. The Illinois buyer agency forms are pretty non-threatening if explained correctly. Always disclose your position and any information (other than confidential) you have about the property or the agency relationship. If a potential buyer at an open house expresses interest in the property, for example, make certain to disclose that you represent the Seller and that the “buyer” should not rely on your assistance for other than ministerial acts.

Disclosure, agreements in writing, and making sure the client’s interest always comes first are the main points, but training and study of agency law is extremely important.
The State of Texas, for instance, requires 30 hours of Agency in its pre-license course.
Illinois includes it in core curriculum for continuing education. The Illinois License Act of 2000 (Article 15) lays it out in detail and can be found most easily at http://law.justia.com/illinois/codes/chapter24/23835.html (it took me quite a while to find it at the State of Illinois General Assembly site and the URL runs off the page).

Article Source: http://EzineArticles.com/?expert=Mike_Cromie

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Illinois Real Estate – Making Home Improvements Work For You

August 21, 2010

If you are getting ready to sell your home and you are in the Illinois real estate market there are a few things that you can do in order to make your home perfect when it comes time to show it off. When you are looking to sell your home whether you are doing it as a for sale by owner or you are doing it through a Illinois real estate broker you are going to want to make a favorable impression and get the most out of your property.

First thing take a look around your house, what is in need of maintenance that is already part of your home. Check for things like termites repair the lawn and landscaping. Also, consider cleaning and replacing gutters, clean the driveway, replace damaged siding and a new paint job. The first thing that people see when they approach your home is the lawn and the outside of the house. Doing these things can increase your chances of selling your home when you put it on the Illinois real estate market.

The next thing is to look at the rooms in your home. If you are planning to remodel the best place to start is either the bathroom or the kitchen. Either one of these spaces are more likely to bring a return to you than anything else. It is also an enticement to people to know a place has a new kitchen and bathroom.

Make sure that you finish the project and clean up before putting the house on the market. Nothing will make a buyer run faster than to know the house may not be ready when they are. Once you have completed the remodeling you are going to do if any it is time to look at the way the house is laid out.

People have an amazing amount of things and these things can make a home look cluttered and untidy .The best thing to do if you are getting your home ready to show is to put everything you can away. The less things that are in a room the more room there appears to be. That is not to say that tasteful and small additions are not welcome. You want your house to look like a home but you also want to maximize on visual presentation. Repair any holes or marks, which might be in the walls. This will also help to give your home a fresh appearance on the inside.

These are only a few of the small things you can do around your home to bring it up to tiptop shape before you put it on the market so that you can get the best that the Illinois real estate market has to offer both in the way of buyer and in the way of price. You have a better chance of selling a home that looks well taken care of for the price you want than one that is in need of repair.

Illinois Real Estate Blog offers information for buyers and sellers. Don’t buy or sell without visiting this Blog or it could cost you: Illinois real estate [http://www.illinois-real-estate-us.com]

Article Source: http://EzineArticles.com/?expert=Tom_Beaty

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Yes You Can Make $5000 Per Deal From Real Estate Wholesale

July 9, 2010

Are you familiar with what it means to buy real estate wholesale?

If so, you are probably aware that you can make a lot of money in this sector of the real estate industry.

(there is a free ebook for you to download at the end of this page, that shows you how you can make $5000 per deal from real estate wholesale).

But on the other side of things, if you have no idea what the real estate wholesale niche is all about you should really look into it a bit deeper.

There are a lot of people out there who are cashing in big time in the real estate industry, $5000 per deal is not uncommon.

The way that they are doing this is by purchasing real estate wholesale, and then making it work to their advantage.

Many people refer to the wholesale real estate market as buying lowing and selling low.

This may seem a bit skewed, but it can actually work if you know what you are doing. When you get involved with real estate wholesale you will be controlling a home under terms and a price that make it much more valuable to another investor.

The investors that are interested in real estate wholesale could be in the buy and hold business, rent to own business, or many others. It is just a matter of buying the real estate wholesale properties that investors desire the most.

When you get involved with real estate wholesale you will be buying homes at a price under market value, and then selling below market value as well.

This is not the same as the big gains that you can make by buying low and selling high, but it is not uncommon to make a few thousand dollars in the real estate wholesale market.

The good thing about this niche of the real estate industry is that you do not have to spend a lot of your own money to purchase the property in the first place.

There are many ways that you can make the real estate wholesale industry work in your favor.

If you are already involved in the real estate game you should look into adding a bit of wholesaling to what you currently do. Make sure that you take things slow at the beginning so that you can get your bearings.

This niche of the industry is quite different than any other. So in order to be a success you should take your time and build confidence before you get carried away.

Please download your free ebook that reveals the secrets of profiting from real estate wholesale from the link below:

Geri Mason

http://www.articlesbase.com/real-estate-articles/yes-you-can-make-5000-per-deal-from-real-estate-wholesale-97154.html

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Bloomington short sale in real estate

July 9, 2010

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Have you Performed your Real Estate “check Up” Lately?

July 1, 2010

If you invest in real estate, it’s worth your time to perform a periodic portfolio performance evaluation. NAR and OFHEO both recently released updated statistics supporting a current cooling of the housing markets across many cities nationwide. This national cooling could be significantly impacting the performance of your real estate portfolio. The questions you must ask are (1) whether, (2) how significantly and (3) what can be done if your current real estate holdings are being affected by these localized pockets of cooling.

Portfolio Compression Strategies
Real estate investor, David Robertson is the perfect example of this situation. David has owned an investment condo for the past 12 years. The loan on the property is paid off, and David has a $100,000 line of credit open against the $400,000 condo. During David’s years of ownership, there have been certain times that the condo has increased significantly in value. At other times, David has owned the condo through local economic periods that have caused higher vacancy, lower cash flow and more money out of his pocket.

During both experiences, David held true to his original buy and hold philosophy. It has paid off and today, David has nearly $350,000 available from this single investment. But, has David’s investment paid off to its full potential? To answer this question you need to explore Portfolio Compression techniques within a real estate portfolio.

Portfolio Compression within a real estate portfolio is a blend of property and market selection strategies which over time subscribe to the traditional buy and hold approach with a slight twist. The twist: Don’t buy and hold the same properties in the same cities over the entire life of your real estate portfolio. In other words, don’t subject your real estate holdings to the good and the bad of local market economics. When local economic conditions are good; buy and hold. Before or as local economic conditions change; sell and reposition your real estate holdings into other cities.

The 5 Steps to Portfolio Compression
An underperforming real estate portfolio can be improved. Here are the five steps to evaluating and getting your portfolio back on track:

1.Evaluate the performance of your current real estate holdings
2.Create a comprehensive personalized or corporate real estate plan
3.Research local market conditions where you currently own investment property
4.Choose cities across the country in which performance data is beating the average
5.Establish your advisory team to successfully implement Portfolio Compression

Financial modeling of the traditional buy and hold real estate strategy versus modeling using Portfolio Compression techniques will clearly show you the potential for significant portfolio improvements.

Remember David? Modeling his portfolio conservatively and assuming he had used Portfolio Compression techniques over the past 12 years, David’s portfolio could be valued well over $3,500,000 today with cash flow potential in commercial real estate in excess of $75,000 per year. His current situation is not bad; however a little planning and ongoing guidance to implement a Portfolio Compression strategy plan, his results today could be significantly better than the $400,000 value and $14,000 per year cash flow he currently has. He is now implementing that strategy for the next 12 years.

Portfolio Compression techniques create (1) greater real estate portfolio diversification, (2) increased internal equity and (3) significantly greater cash flow potential for investors investing in residential housing, land and commercial real estate.

Rob Swanson

http://www.articlesbase.com/real-estate-articles/have-you-performed-your-real-estate-check-up-lately-78694.html

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Real Estate Leads 101: 5 Ways to Show your Appreciation

June 28, 2010

When working to convert your real estate leads into clients, it is important to show appreciation for your leads – nothing will endear you to a homeowner faster. Even if you have been unable to make contact with a particular lead, you should intersperse your normal follow-up with an occasional thank you card or gift just to let your real estate leads know you appreciate their time and consideration.

Too many agents are more worried about getting a check than ensuring their clients’ satisfaction. It doesn’t take much time or money to show that you see more than dollar signs when you meet with your real estate leads. By spending only $200 or less per month, you can show your gratitude in a way homeowners can appreciate.

Use some of these 5 great ideas to show appreciation for your real estate leads (after all – they ARE the ones who will wind up paying your salary!):

1. Free goodies – you probably print up thousands of calendars, magnets, pens, or bottle openers a year with your name and logo on them. Are you just giving them to current clients? I surely hope not. You’ve already got their business and by all means, you should DEFINITELY be showing them appreciation, but the little trinkets with your contact information need to be going out to your real estate leads. Everybody can use a magnet, so don’t be shy about sending free things to ALL your potential customers – better yet, you’ve got a car, use it – rather then spend money on postage, deliver little gift bags to your real estate leads personally.

2. Gift cards – everybody loves a nice gift card, all the more so when it’s a totally unexpected surprise. You can spend $100-200 a month to get gift cards in increments of $5 and send them to 20-40 of your real estate leads that seem to have the most potential. It doesn’t have to be a gift card to anywhere fancy – Blockbuster, Home Depot, a super market, even to an area restaurant – show your real estate leads that you appreciate them even if they HAVEN’T decided to list with you yet – their time is precious and they didn’t HAVE to spend it with you, but they did anyway.

3. Tickets to an event – if you know some of your real estate leads really like baseball, or love the theater, you may want to splurge a bit on a pair of tickets. Find a great local show and buy a few tickets or get tickets to the games of your local baseball team (doesn’t have to be the major leagues) and personally drop them off at your lead’s house. Make sure the tickets are far enough in advance so the lead can schedule around the event. If you feel fairly confident with the lead, make it a condition that you’ll take them to the event! A few hours with the lead and you’ll likely come out of it with a friend and a new client!

4. Stuff for the kids – if you know your real estate leads have kids, use it to your advantage. Put a little gift bag together for the kiddies – nothing too crazy though! Try to stay away from things parents may not want to give their kids, like sweets and candy. Keep it simple – perhaps a children’s book, or a simple toy like a ball or a yo-yo. Again, not something that will break your bank, but just something to show you’re thinking not just of the lead, but their family as well. If they don’t have kids, but do have pets, you may want to look into buying something for Fido – some people treat their pets the same as they would their children!

5. Be crafty – if you’ve got a creative streak, don’t be afraid to throw something together (or go online to get gift ideas). For example, one agent I knew made something she referred as Dishtowel Angels. It basically involved a dishtowel and matching pot holder put together with ribbon and wire to resemble an angel. Something like that, or a gift basket with useful tools, or even a nice flower for planting in the front yard can really warm someone up to you. Using something you put together yourself gives it that extra little touch that shows your real estate leads you care.

Those are just five quick and easy things you can do to show your appreciation and hopefully convince your real estate leads that no other agent can give them the kind of attention you can. Take these ideas and run with them, come up with your own gift ideas – especially once you’ve gotten to know your leads a bit better. Even if you’ve never talked to them before, but you’ve driven by their home and noticed them playing with their dog, or gardening out front – use what you know to come up with the perfect way of thanking your real estate leads. It puts you one step closer to turning them into clients!

Ashley Lichty

http://www.articlesbase.com/marketing-articles/real-estate-leads-101-5-ways-to-show-your-appreciation-137331.html

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Key Points to IRA Real Estate Investing

June 23, 2010

IRA investing in real estate is becoming increasingly popular.  There is no way to cover all of the ins and outs of IRA real estate investing in a single article of this length, but I can at least give you some of the highlights.

If you’ve heard or read the success stories, you may be “chomping at the bit”, but IRA investing in real estate is not without risks.  So, you need to get some education first.

Experienced investors have programs that can help.  Of course, advice like that is not free, but if it helps you find good deals and avoid the common mistakes, then it is well worth the cost.

In order to begin IRA real estate investing, you need a self directed account and an account custodian.  You should choose someone reliable, with years of experience.  They can’t suggest specific deals or anything like that, but they can provide you with some of the education that you need.

For example, the better custodians provide education about prohibited transactions, prohibited investment types and the rules about self-dealing.  If you make a mistake, your account could lose its tax free status.

Once you have selected an account custodian, you need to decide how to fund the account.  If you currently have a traditional account, you should be able to “roll it over”, without penalty, although the bank or brokerage that you are currently using may charge a fee.

This is the best time to consider IRA investing in real estate, because you may have a large amount of un-invested cash.  If you can find a few good deals, you can make big profits quickly.  Or, if you want a consistent flow of income into the account, you may want to consider a rental property.

There are many options to choose from when it comes to IRA real estate investing.  You can buy houses, apartment buildings, raw land, mobile homes, and office buildings or simply finance other people’s homes.  But, there are some things that you must avoid.

You cannot sell your own home to your account.  You cannot use the account to buy property that you plan to live in at some point in the future.  Your sons and daughters cannot rent apartments in buildings that owned by the account.  Your parents could not have an office in a building held within the account.

The list of prohibited transactions is relative long, but not complicated, once you think about it.  IRA investing in real estate or any other vehicle is designed to benefit your future, not your present day wealth.  So, if you benefit from an investment, either directly or indirectly, your account could lose its tax free status.

One of the primary reasons that experienced investors suggest IRA real estate investing is because of the tax advantages.  If you sell a property for a profit, there are no capital gains taxes.  If the account makes rental income from a property that was purchased with cash from the account, there is no income tax.

So, experienced investors sometimes save as much as 25% by using their retirement accounts.  That’s only a few of the advantages of IRA investing in real estate.  It’s probably just enough to make you curious.

W. Conley

http://www.articlesbase.com/real-estate-articles/key-points-to-ira-real-estate-investing-507592.html

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