Discover Some Rules For Buying Real Estate With Roth IRA

If you are interested in buying real estate with Roth IRA funds, take some advice from an experienced investor. There are successful examples of a roll over IRA buying real estate and there are some failures. Learn from the mistakes of others and you can be one of the latest success stories.

Everyone makes mistakes, but when it comes to buying real estate with Roth IRA money, mistakes are costly. Let’s start with choosing the wrong custodian and go from there.

Here’s an unsuccessful example of a roll over IRA buying real estate. A man chose to take a roll-over from his traditional account and chose a custodian that offered self-investing. He deposited the funds into the account well within the 90 day time period to avoid IRS penalties.

Once he started reading the fine print, he realized that the custodian he had chosen took 45% of his earned interest on un-invested cash balances. He also learned that for each transaction, he would be charged fees ranging from $25-$150. He did a little research and found a different custodian that only charged a reasonable annual fee, while offering more investment options.

When buying real estate with Roth IRA money, you will almost always have an “un-invested cash balance” and you are likely to conduct numerous transactions per year. So, per-transaction fees can really add up.

The man truly believed that a roll over IRA buying real estate was the right choice for him, but he realized that he had chosen the wrong custodian. Instead of transferring the funds, he took another roll-over that year.

The IRS only allows one tax-free rollover per year. So, the total dollar amount of the fund had to be included in “other income” at tax time. The result was a devastating bill that almost bankrupted him.

This man, whose name I won’t mention, made two mistakes. First, he didn’t read the fine print or shop around BEFORE he signed up with the custodian. Second, he failed to read the IRS rules for roll-overs and was unaware that transfers were a better choice.

Breaking the self-dealing or indirect benefit rules is responsible for some of the failures, when it comes to a roll over IRA buying real estate.

Buying real estate with Roth IRA funds must be kept an “arms-length”. Your account cannot buy from you or for you. Those are some of the rules that you need to know before you begin.

Knowledge is everything when it comes to the success of a roll over IRA buying real estate.

A different man grew the value of his account from $20,000 to over a million in less than three years. He started out slowly by flipping vacant lots, making $1000 profit on each transaction.

Now, he holds the mortgages on several properties. He’s only one of the success stories.

Buying real estate with Roth IRA money can be highly profitable, as long as you get the information that you need, ahead of time.

Considering today’s economic environment, selecting IRA real estate turnkey solutions can be the best investment strategy for building your retirement wealth.

Visit my website now to learn more about investing your Roth IRA money in real estate. Using a turnkey solution can be the best investment strategy to accomplish your financial goals.

How Blogging Is Changing The Face Of Real Estate Marketing

The Internet is revolutionizing a lot of aspects of human endeavor these days, from dealing with social relationships, selling products and services and dealing with real estate.

For real estate marketing, the stylish thing to do these days is to get a blog now. Funny as it may sound, many will be asking why should I blog?, and what’s a real estate blog by the way?”

Technically, the term “blog” refers to a short cut reference for “Web Log”, just like a ship captain’s or night watchman’s log. Before, these blogs were viewed as personal journals posted on the Internet for everyone to read, and upon which readers could also comment on.

Blogging started out with very limited groups or circles of readers, and was more of a personal journal stuff, which had photos, information and links to things of mutual interest. These days, one may have a personal journal blog and post his or her personal thoughts, and even political or social views. One could also place links in their blogs to review books or movies. A lot has evolved with blogging, so much that even major TV networks, like CNN, BBC and others, which regularly cover comments made by people who post political and social commentary on their blogs.

How Blogging Helps In Real Estate Marketing

Since blogs have are more personal touch, just how beneficial could it be for real estate businesses? Blogging should be included as one of the primary tools that a broker or property has in their marketing arsenal.

By having a real estate blog about your location, events, updates and commentary, a local real estate agent can start to position himself as a qualified “expert” on a specific area, and knows the real estate trends there. Those who will read your blog can then “subscribe”, just like regular magazine or newsletter subscriptions, and have your real estate blog reviews, updates and articles delivered to them daily in their “news reader” or e-mail inbox.

What Info Should You Include In Your Real Estate Blog?

If you think it sounds a bit confusing, don’t worry, as there is a lot of information that the average commercial or residential real estate Website visitor wants on your site. Your blog should be constructed in such a manner that the format is precisely crafted to suit the information that your site visitors would be looking for, like local property market news, knowledgeable commentary on the local market, updated statistics and your expert analysis of data, area information in the context of neighborhood locations, complete info about your services in the context of their needs, and how you could help them with home buying and selling as specific to your local market.

Basically, it’s rather inexpensive or almost free to set up blogs. A lot of the info on your Web site can be converted into articles for the blog. Many are now saying that as much as 90% of all real estate sites are totally ineffective in generating sales for the agent or brokerage firm, because as there are hundreds of thousands of real estate Websites out there, most are just static billboards which scatter unwanted information to their readers, and the sad fact is that most of the info presented on these sites are simply the ones that visitors do not want to read or are not interested in.

Do Your Real Estate Signs Include The Right Info


Do you know what information on your real estate sign will get you the most results? We do. Don’t gamble – design a custom sign that says all the right things.

What are “all the right things?”

It’s fairly obvious that certain things should be included on your real estate sign, but you do have options. Quite a few, as it turns out.

Because we have 25 years of experience in the industry, we know what makes an effective real estate sign. And we’re happy to share our secrets with you.

An effective real estate sign starts with a plan:

What is your main attraction? It may be the well-known and trusted real estate company you work for. Maybe it’s your name – a lot of people know you. Or it might be the size of the houses you generally sell. Whatever your biggest appeal is, use it.

Perhaps you know a lot of people in your relatively small community. You’re on the PTA, the town council and you coach little league every summer. In that case, you’ll want to sell yourself. Make your name larger than any other text on the sign. Include a professional picture of yourself.

The key is “supersizing” the most important info on your sign, whatever that may be. Then move on the other info you’ll want to include.

What info do I want to include?

You have options. Here they are:

· Company name: Unless you are an independent realtor, you’ll need this on your sign.

· Your name: “Sam Green” works, but so does “Call Sam.” It depends whether you want to seem casual or high-end. Consider the general price range of your houses.

· For Sale/For Rent/Foreclosure: Duh.

· Phone number: You can use your office number, but we think it’s a better idea to use your cell number. This way, you can speak to potential clients 24/7.

· Website/email: You might want to include both, but one is really all you need. Your website is preferable – that way clients can browse your other houses and easily find your email.

· Photos: If you don’t want to your face on a sign, consider a picture of a house, a set of keys or a welcome mat. People remember a sign 300% better if it has a picture on it. And opt for color over black and white.

· Size of the house: You might want to include specifics such as “2 bed 2 bath.” It can peak interest if that size is just what the client has been looking for, but it’s certainly not essential.

· QR code: A “quick response” code is something you’ll start to see more and more on real estate signs. Basically, a QR code is a small graphic that anyone with a smart phone can snap a photo of and be automatically directed to your website (or a video on you tube, or an article you wrote, etc.). It’s a quick and tech savvy way to bring in more clients.

A few other considerations

There are some things to keep in mind when choosing which info to include on your custom real estate sign.

Don’t overcrowd your sign. Excessive text is overwhelming to a reader, who may just look away. Keep your sign simple and uncluttered.

Contrasting colors will draw more eyes to your sign. Black on yellow, for example is a great option. You can read more about that here.

A distinctive size real estate sign will help you stand out. Most companies offer only standard sizes, but good companies offer frames that will get you noticed.

If you’d like help designing your real estate signs, ask a graphic designer to help you out.

To learn more about custom signs, Ms. Klein invites you to check out, where “Signs with Class are Delivered Fast.” TheSignChef is constantly developing free-to-use sign design software, custom sign decision-making tools, and How-To videos to make your sign buying experience efficient and your new custom signs effective.

How to Become a Real Estate Agent

If you’re wondering how to become a real estate agent, the basic process is fairly simple, although it does vary a lot from state to state.. You will need to take classes, pass exams, earn a real estate license, find a broker to work for, then find sellers or buyers as clients.

To successfully practice as a real estate agent in this competitive business can be challenging. You’ll have to stay current on legal changes, understand the real estate contracts and be technologically aware. If you are determined, the payout can be huge.

Here are the basics of what you need to know about becoming a real estate agent.

1) Real Estate Agent Licensing Requirements

The Licensing requirements are different for each state. In general, you will have to:

-Meet an age requirement

-Pass a background check

-Complete approved real estate courses from a state-approved school

-Pass a state exam

-Complete an application form

-Submit various fees

Agents just earning their license work for a real estate broker. Most new agents sign up with one of the big company brokerages. If you decide at some point to work for yourself, you will need to earn a broker license. Note that the most successful agents, even those working for a broker, treat the real estate profession as their own business, not just a job. This is one of the secrets to success in this field.

2) A Day in the Life of a Real Estate Agent

A real estate agent’s primary job function is to help clients in the (complex) process of buying and selling real estate.

The list of duties includes but is not limited to:

-Interview buyers to determine what kinds of properties they are looking for.

-Submit buyers’ purchase offers to sellers.

-Work with lenders, escrow officers, home inspectors, and pest control operators to make sure that transactions close on time.

-Prepare documents such as listing and purchase agreements.

-Be the intermediary in negotiations between buyers and sellers.

-Determine a property’s market value by comparing the property with similar properties that have recently sold.

-Schedule appointments to show homes to potential buyers.

-Find properties that are consistent with buyers’ needs and available finances.

-There is so much variety that a real estate agent is usually never bored.

3) What is a REALTOR®?

Many people are confused about the difference between a real estate agent and a REALTOR®.

A real estate agent becomes a REALTOR® when he or she pays an annual fee to the National Association of REALTORS® and subscribes to its Code of Ethics. The agent generally joins through the local board or association, at the city level. Membership in the REALTORS® is optional, but highly recommended.

4) How much can you earn?

Real estate agents are generally paid on commission. This commission is a percentage of the sales price. The seller will generally pay 4-6% of the sales price as the fee for having a professional sell their property. That will often be split equally between the seller’s broker and broker who brings the buyer to the table.

As an example, if the fee for a $300,000 property is 6%, the buyer’s broker will be paid 3% or $9000 and the seller’s broker will also be paid 3% or $9000. The agent is paid directly by the employing broker, using their agreed-upon commission split. This is often 50-50 for beginning agents, so in that case the agent in our example would receive $4500.