Have you ever thought about investing in Real Estate? Thought you had to toss that pipe dream out the window because there wasn’t enough capital around? This may be the perfect time to revisit this dream of yours. With a downturn ⬇️ in the stock market just around the corner, why not put your hard-earned $$$ money $$$ into Real Estate? I have had a number of my clients put their IRA funds into Real Estate.
Here’s something to muddle over …. Take tax-free capital and invest it in Real Estate. You can then defer the rental income and capital gains far into the future. As a bonus, you get to compound your gains without the pesky (you know who) interrupting your investment strategy. Generally, you only pay taxes when you start taking distributions from the IRA.
Now, not all IRA’s are set up to do this. However, “I know a guy” or a company actually. They’ve helped a number of my clients to buy and sell real estate to enhance their portfolios. If you’d like to learn how this could work for you, simply give me a call at 317-625-0655 or shoot me an email. Let’s make that pipe dream a reality!
Every Realtor has their favorite lender. And I get that having a strong relationship with a lender makes a positive difference for a buyer. But… I was in the mortgage biz for 17 years and have a lil’ deeper insight into what makes a Loan Originator an “ok one” versus a “really awesome one”. And since buyers are in the process of making the biggest purchase of their life, being ok is just not good enough. Not for any client of mine anyway.
Here are 5 KEY Reasons why our recommended lenders will make a difference in your life!
- They’re really good at what they do. They’re experienced and they know their stuff! Which means they’ll help you pick the best loan product for your specific situation
- They’re solid people. They treat people right and the costs are always fair and straightforward
- They communicate – good or bad news. It makes no difference. They return phone calls / emails / text messages. They keep you in the loop
- They’re friendly. Getting a mortgage can sometimes feel like going to the dentist, so they’re perspective and sense of humor can keep your spirits up
- They go the extra mile. This past weekend showed up just one more example. Mike Wickham with Caliber Home Loans stayed til 7 on a Friday night to get a pre-qualification letter out so one of our clients could make a good offer. (Btw, they got the house! How cool was that?!) And Alan Pressley with Ruoff went into the office Saturday afternoon to help another of our clients get in position to win a bid. I think when the dust settles, we’ll have won that one too!
There are 5 key reasons why our lenders can help you win over other bidders. After all, it doesn’t do you any good to find THE right house if a lender is going to drop the ball on you, now does it? To learn how you can get the house you really want, contact our recommended lenders and you’ll go to the front of the line!
A recent headline from CNBC’s real estate correspondent, Diane Olick, stated: “Rents are rising at the fastest pace in almost two years.” And she’s not alone in letting everyone know the rental market is getting more expensive. A quick Google search brings a flurry of similar headlines. I’m going to skip what’s causing the recent acceleration in rental increases and instead, suggest a long-term solution to that problem. Yes, buying.
It is NOT surprising that rents rise due to supply and demand, and also to increases in interest rates and operating costs (Like insurance, property taxes, maintenance, and repairs). Whether you’re a renter or a homeowner, you know that operating costs can not be controlled. But, you can control increases in costs arising from interest rates and supply and demand. And that’s where the FINANCIAL STRATEGY to buy comes into play. When you buy, you lock in an interest rate and 75% of your monthly payment will be guaranteed for as long as you own your home. For example, if you start with a $1,000 monthly payment, $750 of it is never going to change. That’s opposed to a rental arrangement where the landlord can raise the rent every year if they want.
Another bonus to owning that renters miss out on is EQUITY BUILD-UP. This can occur in two ways. The most often discussed is the equity one gains when the value of one’s real estate increases due to inflation or supply/demand factors. That’s the one we hear about on the nightly news when they talk about “House prices rose X% in the past year”. That’s great, but there’s another way that homeowners increase their equity. With each monthly payment that gets made, a portion goes to pay the interest and the rest goes to pay down the principal owed. Eventually, that process pays off the mortgage loan and the homeowner then owns their home “FREE AND CLEAR”. Now, that’s cause for celebration 🙌 🎉. And that is what is implied when you hear people say “I’m sick and tired of paying someone else’s mortgage” or “I’m tired of throwing money away each month”. Now to stop that feeling, simply buy rather than rent. Give me a call at 317-625-0655 and I will show you what’s available.