Your IRA and Unlimited Gains

There was a local cement company that had the slogan on the side of their trucks,

"Find a Need and Fill It!"

I was thinking about that truck last weekend when

I found the NEED!

For the Real Estate Agent to begin discussions with the lender on a Short Sale they need to have an offer in hand. That offer doesn't have to be full price but it does need to be real. This is a very big NEED. The Loss Mitigation people will actually hang up on them if they do not have an offer.

NOW Here's the FILL IT!

Your Self Directed IRA has the capability to purchase real estate. It has the ability to buy it outright and it has the ability to put 20% down and finance the rest. Your Self Directed IRA has the ability to flip properties with no capital gains!

SUSIE SELLS SHORT SALES DOWN BY THE SEA SHORE...

Here's how this works... Susie Sells has just taken a listing for a $400,000 short sale. Susie needs to have a real offer in hand to begin negotiations with the lender. Your IRA offers to buy the property for 50% ($200,000). Remember the home may be valued at 450,000, the short sale listing is at $400,000 and you just offered to buy at half price.

Chances are the Lender isn't going to snap at the offer Susie presented them. Then again - they might. We're hearing some very amazing offers being accepted these days.

If the lender accepts the offer, you just secured an investment property at 50%! You can keep it and start playing monopoly with real houses or list it with Susie at 75% tomorrow. Either way, you win!

Chances are the offer will not be accepted. Don't cry. Move on to the next one. Don't invest too much time and energy in this. This is a game of speed.

If Susie calls and says, "Mike, I need you to make an offer on this clean 4-plex I took a short sale listing on today." You say, "Can you be here in 10 minutes?" It's all about the numbers. Play the game and eventually you may become the owner of a Real Deal.

Teamwork

In the meantime, you've given Susie the one thing she really needs right now, an offer. Susie now owes you. You can bet Susie is going to do everything she can to make you happy. You need to get on Susie's Team.

If you are looking for a local Susie of your own, give me a call. I know plenty in all areas of the country.

If you need help setting up a Self Directed IRA - I can do that too.

Mike Mueller - 925 288-9977 Ext 104