Tradition House Flip with a Twist — Wait Until
You See What Happened  

I have an important question to ask you. Are you making a living doing what you love or are stuck in a career doing what you have to do?

My philosophy of business building is to empower investors like you with the tools to do what you love so you can enjoy life without limits.

Here’s what could happen when you step out and go for it! My client, Rosiann a full-time registered nurse in Fort Worth and a real estate investor along with her partner Cheryl, used a Classic strategy with a twist.

This was only their second (retail flip) when they walked away with a tidy $42, 407.48!

To learn more about using this and many other strategies to achieve a sustainable income and amass a fortune in real estate, Click Here

They used the classic strategy of fix and flip on this deal. Here’s the unique part of it. I put their financing together both for the purchase and the rehab without there being any crazy hard money interest rates or points! And NO we didn’t partner on the deal. 100% of the profit went to Rosiann & Chery.

How could a zero out of pocket deal work for you?

Discovery how you can be holding a check similar to the one Rosiann & Cheryl cashed!  Learn more about using this and many other strategies to achieve a sustainable income and amass a fortune in real estate…

Click here NOW to learn more and register for free!

Follow these guidelines and build a business that offers the freedom to do what you want, earn the income you desire and most importantly the time to spend life with those you love.

Discover exactly how to find, fund fix and flip homes, apartment buildings, raw land or buy and hold properties to build a CA$H producing portfolio.

To learn more about using this and many other strategies to achieve a sustainable income and amass a fortune in real estate, Click Here Bill Barnett

If you have a retirement plan, you probably thought it was just something that you’d dip into during your retirement. But did you know that a retirement plan is also a great way to invest in real estate?

I’m going to share some options here that might help you get started to use your retirement plan towards a real estate investment.

Individual Retirement Accounts, also known as IRAs and 401k plans serve as savings accounts that stretch out over a long term. Each offers tax advantages as long as you comply with the appropriate IRS rules and regulations.

Some financial service firms are wary to permit real estate investments with an IRA because it calls for an increase in paperwork, but you should know that the IRS does allow such investments. As for 401k plans, you are able to make transfers and/or take loans against your 401k to get access to your funds for investing.

As long as you take care to plan and prepare, either type of retirement plan has little or no tax ramifications.

When you first get started, you crawl before you can walk. You have to walk before you can run. Don’t try to rush this process for that can result in making a careless mistake.

The first step is to contact your retirement plan administrator. This will help you figure out if your IRA is eligible for real estate purchases. {If you already have a real estate 401k plan, but would like to learn more about how to use it, tune in for next week’s blog post!}

The next step is to research loan regulations. You can’t borrow against an IRA but you can usually borrow half of the value of your 401k account, up to $50,000. But it’s important to keep in mind that if you purchase real estate with funds outside your 401k, you won’t be able to enjoy any tax advantages that are attached to those purchases. For taxation to remain low, it’s necessary to limit income streams and capital gains…although this sort of goes against the whole point of investing, doesn’t it?

One option is to open a self-directed IRA. Another option is to roll over your 401k. While you can’t directly invest in real estate with a 401k account, it is possible to rollover the 401k into an IRA tax-free account. Then you can use the proceeds to invest in real estate.

It is also necessary to hire a real estate management company. When purchasing real estate through an IRA, buyers are unable to actively manage their properties. To keep the tax advantages of an IRA, one must hire a professional or outside agency to manage the investment, i.e. maintain the property and collect rent.

Finally, it’s crucial that you keep track of your cash flow. Purchasing real estate through a retirement account means that all funds used to purchase the property must come from the account. That being said, any proceeds including rental income or sales have to be returned to the IRA. If you adhere to these regulations, your real estate investment will have little or no tax ramifications, just like all other investments within your IRA.

To learn more about how you can use your retirement accounts for real estate investing or to get my eBook about securing money partners, visit my website www.billbarnettnow.com. You can also hear my Radio Show, “Real Estate NOW! with Bill Barnett” on our new DFW home, “The Answer,” KSKY…660 AM at 4:00 PM on Saturday afternoons.

Looking Ahead for a Possible Boom Economy

January 18, 2013

You might be familiar with author Mark Victor Hansen for his popular “Chicken Soup for the Soul” books. Mark has been a friend of mine for many years and I respect his views and opinions about investing. He said the following about the free enterprise system: “The Free Enterprise System means the more enterprising we […]

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Housing Predictions for 2013 Explained

January 17, 2013

I hope the 2013 is treating you well! As far as the real estate market goes, there are several cities with housing markets that are set to enjoy the benefits the new year will bring. As I mentioned in a previous post, Trulia economist Jed Kolko has announced his list of predictions for his short list […]

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Housing Predictions for 2013, part 1

January 14, 2013

It’s a New Year and that means everyone is weighing in on what he thinks will happen in the housing market during the next 12 months. My friends over at Trulia have their own predictions and I want to share some of them with you. What do you think will be the healthiest housing markets […]

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Real Estate Investing: Know your role

January 11, 2013

In the world of real estate investing, there are many players. I learned one aspect of this lesson the hard way when I was just getting started in the business. It was our first house rehab and I was doing the work myself (big mistake).  We had completed down to about the last 20% of […]

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Building an Annual Business Plan, part 2

January 10, 2013

In a recent blog post, I shared the importance of creating an annual business plan. You can start by asking yourself some questions that will help you determine how much you should be doing in the next year in order to meet your goals. If, during this process, you determine you need to do more, […]

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Building an Annual Business Plan, part 1

January 2, 2013

I believe 2013 will be the start of the next wave of real estate investing, also known as The Golden Age for real estate investors.  It’s likely to be the last year of the incredibly low mortgage rates. That’s because we’ve exhausted our ability, as a government, to be able to keep interest rates low. We’re not […]

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