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Uncategorized

Self-Directed IRAs – What’s New?

March 20, 2019 by Realty411 Team Leave a Comment

By Kaaren Hall, CEO, uDirect IRA Services

I just returned recently the Fall Conference for the Retirement Industry Trust Association with some news about Self-Directed IRAs.

More Retirement Savings

For over 40 years you’ve been able to invest your retirement savings outside of the Stock Market into assets like real estates, notes, trust deeds, precious metals, private stock and more. Updated statistics from the conference: There is $24.5 Trillion in overall retirement assets. $7.5 Trillion of that is in IRA accounts. In the year 2000 there was $11.6 Trillion in retirement savings overall, so you can see this figure has more than doubled in the past 15 years.

News on the 60-Day Rollover

On Aug. 24, 2016 the IRS changed its appeals process for those who miss the 60-day deadline. (Now, with some “self-certification” legwork, you can fix the problem yourself. In a typical 60-day rollover, a person will take a personal distribution from one of their retirement accounts. Then, within 60 days, they deposit it into another retirement account.)

The IRS says that a taxpayer may make a written certification to a plan administrator or an IRA trustee that a contribution satisfies the conditions in Section 3.02 of this revenue procedure. This self-certification has the effects described in Section 3.04 of this revenue procedure. Taxpayers may make the certification by using the model letter (provided by the IRS) on a word-for-word basis or by using a letter that is substantially similar in all material respects. A copy of the certification should be kept in the taxpayer’s files and be available if requested on audit.

If you believe your 60-day rollover should not be a taxable event, discuss this with your tax professional.

The RISE Act

Senator Ron Wyden, who is a Democrat on both the Senate Committee on Finance the Subcommittee on Taxation and IRS Oversight, came out with a proposal called the RISE Act.

The proposal has more than a dozen provisions including:

  • Raising the age for Required Beginning Date for Required Minimum Distributions
  • Requiring valuations for IRA asset acquisitions
  • Prohibiting investing in assets acquired at less than fair market value
  • Elimination of Roth conversions
  • Roth IRAs would be subject to Required Minimum Distributions
  • Exempting small IRAs from RMDs (where account value is less than $150,000)

This proposal is open for commentary until December 8, 2016.

DOL’s Fiduciary Rule

This year the Department of Labor announced its Fiduciary Rule. To say this rule has caused controversy is an understatement. There are six lawsuits filed against this legislation.

The fiduciary rule redefines who is now a fiduciary and further clarifies the difference between “education” and “advice.” It’s important now for you to understand the relationship changes for your advisors, as the regulation impacts advice about a 401(k) and IRA rollover or distribution.

As providers of Self-Directed IRAs our industry is largely exempt from this ruling since we do not provide advice or recommend investments. We recommend the account-holder seek advice from a competent investment, tax or legal professionals before moving forward.

Again there is pending legislation so expect some changes. This new rule takes effect in April of 2017.

To learn how to self-direct your IRA, reach out to us at uDirect IRA Services. You can find us at www.uDirectIRA.com

Filed Under: events, experts, IRA, news, Uncategorized Tagged With: fiduciary rule, ira, retirement account, rollover, self certification, taxable event

Manifest Miracles In Your Life

June 27, 2018 by Realty411 Team Leave a Comment

By Sam Sadat

You’ll be happy to know that, last I checked, the laws governing miracles have not been repealed. Moreover, manifesting miracles is not exclusive to a lucky few. They’re available to all who refuse to believe in the concept of “impossible”. After all, couldn’t “impossible” be simply read as “I’m possible?”

Although the mechanics of creating miracles in one’s life remain mysterious, many of us, consciously or unconsciously, have already made them happen in our own lives – or at least we know people who have. Let’s be clear; we’re not talking about parting the Red Sea or bringing the dead back to life. The word miracle simply means any marvelous, wonderful, or amazing occurrence.

Being the cause of such an occurrence is ability innate to all of humanity and, though dormant in most of us, this ability can suddenly emerge under the right circumstances. No one really knows the precise mechanics of how miracles are manufactured, but I’ve been researching this phenomenon for years and I think I’ve been able to compile some pieces of the puzzle.

Below are just a few principles to experiment with. I hope you will begin to see that you too can make miracles happen in your own life.

Believe that miracles are real and can happen to anyone. After all, whatever you want is already here in the world. Where else would it be? All you need to do is make them appear in your life. Believe it and you’ll see it. It’s not the other way around.

Examine what you believe to be “impossible” and then change your beliefs. This is done by changing your thoughts. For this, self talk is crucial. Talk to yourself in a positive empowering way every day to replace those limiting thoughts you were programmed with since childhood.

Don’t expect a miracle. Be a miracle. This is achieved through knowing who you are, separate from your reputation, labels and possessions. Who are you really? A clump of matter suspended in time and space, or a magnificent source of love, energy, and potentiality? Find a quiet place, close your eyes, and try to perceive your greater self. You’ll soon realize you’re not a human being having a spiritual experience; you’re a spiritual being having a human experience.

You often hear me talk about how we’re all energy. This is not New Age chatter but Quantum Physics talking. Energy in different frequency or vibration becomes matter in all its varied shapes and forms, us included. Miracles don’t happen when you’re hard and closed up. They happen when you’re soft and receptive. You can do this by getting connected with and resonating with the rhythm of life. The more you can harmonize your thoughts, words, and actions the more life responds to you. And this response can sometimes take the form of the miracles you so desperately seek.

Meditate often, walk in nature, and look up toward the skies rather than down toward the ground. That’s one big difference between humans and animals. We can hold our heads high and look at the skies while animals are gazing down. Miracles are up above not down below.

Now go out there and be a miracle!

 

Filed Under: Uncategorized

Alea iacta est ~ The Die is Cast

June 13, 2018 by Realty411 Team Leave a Comment

By Cody L Cox

I’ve driven my SUV for 18 years now. I bought my Blue GMC Envoy brand new in 2003. Since that time, I’ve enjoyed 210,000 miles with her, but she’s getting a bit tired. I’ve enjoyed not having a car payment for a decade, but she’s been needing some help to get back and forth to the bus depot for my morning bus jaunt down the valley and back. Whether I’m ready or not, I’m going to soon be looking for a new ride.

I’ve had my eye on those Jeep Wrangler’s you see everywhere. They never were everywhere until I had my eye on them. I especially like the Rubicon models. Not only do they look the best, but I just like saying that name – RUBICON. Go ahead, say it out loud. RUBICON. It’s a fun word to say. I think it’d be fund to drive.

The actual Rubicon is a river in Italy. During the Roman republic, the Rubicon marked a boundary between a certain Roman province to the north and Italy proper, which was controlled directly by Rome. It is said that Caesar deliberately broke the law in crossing the Rubicon and made armed conflict inevitable. https://en.wikipedia.org/wiki/Rubicon He is attributed to have uttered the phrase alea iacta est, which translates into the Die is Cast, essentially meaning there was no turning back. This is essentially where I am at in my Note business.

Before I entered the note business, I was trying to be a regular real estate investor, just like everyone else. I was trying to get houses under contract, and then either selling the contract to another local investor (wholesaling) or doing light cosmetic rehab myself (fix & flip). It became very apparent I wasn’t very good at it. My heart wasn’t in it. Marketing consisted of large chunks of time and money hoping to find distressed owners or absentee landlords, then sending out letters attempting to persuade them to call me. Then, after sending out 1,000’s of letters, the 2 – 3 calls that came in were not really motivated to sell. Plus, there were 50 or more other folks locally doing the same thing. Portland is a highly competitive market. Everyone wants to live here. If I was able to get one potential seller to show me their property, because I had a day job, it was tough to schedule an appointment during a time that worked. This whole process wasn’t working. Too much outgo for the trickle coming in. I lost motivation and spent a bunch of money. I then had a revelation one night at a Northwest REIA meeting (Thank you Joe Varnadore), transitioned to notes, officially changed my company name and you know the rest of the story.

My Rubicon happens as GoDaddy is sending me reminders that my website domain names for my previous business, Northwest Property Options, is expiring. If I don’t send them their renewal fee within 5 days, the domain cancels. NWPropertyOptions.com becomes available for someone else. My answer is alea iacta est ~ the Die is Cast. I’m a note investor – and there is no turning back.

Whats your Rubicon? Have you recently had to face one? I’d love to hear about it. This may not sound like a big deal, but mentally and formally, moving past the past is a big deal. While I didn’t do much business, there is a small sense of loss as I move to much bigger and much better things.

Did you watch my Friday Stroll about risk? Crossing the Rubicon is definitely taking a risk. Do that here:

https://www.youtube.com/ watch?v=Fnl9F4Uz7QQ


Another risk moment happened this past Thursday night. I was invited to speak before Northwest REIA at their June General Meeting. The house was packed, and I had a great time speaking to the membership. Thank you once again to Dave Metzker and Christian Bryant for the opportunity.


Thank you for reading. New assets are in the works. I’ve got about 350 new assets on 5 or more tapes I’m reviewing. I hope to add another 10 or more before the end of the month. This might be the time to talk to me and see if we can cross the Rubicon together.

Together, our potential is infinite!

 

Copyright © 2018 Trinity National Holdings, LLC, All rights reserved.
 
Our contact information is:
Cody L Cox ~ Portfolio Manager
Trinity National Holdings, LLC
https://www. trinitynationalholdings.com
Email: [email protected] com
Office: 503-985-6293
Toll-Free: 866-285-2729
Fax: 503-685-6339

Filed Under: Uncategorized

How to Vet Out Turn-Key Property Providers (and Avoid Getting Scammed)

June 1, 2018 by Realty411 Team Leave a Comment

By Kathy Fettke

Kathy Fettke gives insight on a recent fraud investigation

Real estate, like any investment, can attract lots of scammers. How do you really know who you’re dealing with? You see ads everywhere for “turnkey” rental properties, but what does this really mean, and how do you know who to trust? The owners of the Bay Area Equity Group, a turn-key property provider located in Campbell, California, were recently arrested on suspicion of fraud. I saw these guys at a real estate expo I attended last year and they seemed like nice enough people. What happened?

Real Wealth Network has over 14,000 members now, so it’s pretty easy for us to get information. It turns out that one of our members purchased property through the Bay Area Equity Group. I asked him about it and here’s what he told me he thinks happened:

In the Beginning…

– They started out with good intentions.

– They made guarantees of 15% returns on rental properties in Detroit, MI.

– They offered to cover repair costs in many cases.

– They wanted to offer the best deal in town.

Testimonials on their website raved about what a great deal it was. “No worrying about property management! No vacancies! No repairs!” Who wouldn’t want that? In reality, that type of situation can exist, but usually only in a triple net lease situation where the tenant agrees to pay all expenses and repairs. It cannot work in a situation where the seller takes on such enormous responsibility for thousands of clients .

Here’s what our member thinks happened next:
Half-way In:

– Operating costs ended up being higher than expected.

– They started to get behind on making owner distributions

– They realized they couldn’t meet the guarantees.

– They didn’t want to let their investors down.

How Ponzi Schemes Begin…

Often times operators need to rely on new money to feed the old promises. In this case, our member suspects this is what happened:

– Allegedly the owners started to buy distressed property, perform a minimal rehab, and then resell far above market prices.

– Proceeds from the sales allegedly went to pay for the former guarantees.

– It still wasn’t enough.

– Desperation kicked in. Allegedly they started to sell the same property twice to different people, but only record one sale.

Our member told me, “Earlier this year, I had spoken with the guy currently behind bars and explained how reneging on commitments (guarantees, payments) made during the property purchase would undermine confidence in the company. He believed, probably rightly so, that if the company didn’t make such across the board adjustments, the whole company would go under. According to the lawsuit, it was his partner who relied on the above more desperate title fraud approaches to raise cash and keep the company going.” Whatever the reason, no one wants to get stuck in a situation like this, and they don’t have to. There are so many ways to protect yourself when buying real estate. I asked our member what advice he’d give. Here’s what he said:

10 Ways to Protect Yourself

1. Do not invest all your capital or entire retirement in one geographic area, especially a distressed location.

2. It’s best to avoid highly distressed regions if you are a first-time investor.

3. Use a reputable title company or attorney to make sure the property is properly recorded at purchase.

4. Always purchase title insurance to ensure clear title.

5. Be leery of turnkey deals that isolate the owner too much from rental property operations and financials.

6. Prior to purchase, insist on hiring your own property inspector.

7. Determine how the appraiser was selected. I suspect that Bay Area Equity Group was trying to influence the appraisal process.

8. Visit the property (or at least visit the area initially so you understand what you’re buying).

9. Look up public records so you know who currently owns it, how much it sold for before and if it has an IRS tax lien or other liens.

10. Ask for a scope of work done prior to purchase, and verify it with an independent inspector.

Real Wealth Network has been vetting out property sellers since 2003. These are just a few of the items on our checklist. If you’d like to receive the full duediligence checklist or receive a list of companies that passed our scrutiny, simply visit www.RealWealthNetwork. com or call 888.RWNetwork

About the Author: Kathy Fettke is the CEO and Co-Founder of Real Wealth Network. She specializes in helping people build multi-million dollar real estate portfolios through creative finance and planning. Kathy is also host of The Real Wealth Show and is a frequent guest on CNBC, FOX Business News, CNN and CBS MarketWatch.

Filed Under: Uncategorized

The Scandinavian Secrets to Keeping Cosy

May 23, 2018 by Realty411 Team Leave a Comment

Source: https://www.insulationexpress.co.uk/blog/news/scandinavian-secrets-keeping-cosy/

 

The Scandinavian Secrets to Keeping Cosy

 

The Scandinavian Secrets to Keeping Cosy by Insulation Express.

Filed Under: Uncategorized

3 OFFBEAT Investments to Consider

May 21, 2018 by Realty411 Team Leave a Comment

by Dr. Teresa Martin, Esq.

When most people think of investing in real estate, homes, mini-malls, or apartment buildings may come to mind first. However, that’s only the tip of the real estate investment iceberg. Consider the following offbeat real estate investing opportunities. These investments can provide a significant return in the long run and may very well alter your financial future.

  1. RECREATIONAL VEHICLES (RV)

Believe it or not, RV rentals and sales is a very big market. With baby boomers leaning into retirement and young families seeking a way to lessen their vacation costs, many people are willing to buy or rent an RV.

  • If you’re hoping to purchase an RV to save money on your family vacations, keep the RV until it makes sense to sell it. Make routine cosmetic updates to the RV throughout the years to match the expectations of buyers.
  • Consider renting out the RV for a profit. The RV rental market is hungry with renters, but is much undeserved.You can easily rent out a class C motor home for 7-nights for a minimum of $125 per night! If you’re fully booked every week out of the year, you can earn $46,000 in just one year!
  • For a class A RV you can charge in upwards of $200per night, or $1,400 for a seven-day week,which equates to $73,000 over the course of a fully booked year. Pop-up campers can be rented for as much as $75 per night – or just over $27,000 for a fully-booked year.
  • Even if you’re only able to rent out your RV for two weeks out of the month for $125 per night, you’re able to earn $23,000 per year!
  1. SELF-STORAGE

Self-storage is a big industry. The shaky state of the economy may be partially to blame, as the number of multi-generation homes and families downsizing their living quarters are increasing.

  • The Self Storage Association reports that one in ten families rent out-of-home storage space. Typically,units rent between $50 per month for a small unit to over $200 for a sizeable storage unit.
  • The cost of purchasing a self-storage facility varies widely. It can cost as little as $200,000 or as much as $3,000,000 depending on the size, location and demand for the service in the area.
  • Keep in mind, aside from the mortgage, there is still overhead. Utilities must be operating in order to keep the storage facility at an acceptable temperature; this is to avoid ruined personal property. Also, employees might be necessary, as well as a security system. But as a whole, the investment generates fairly passive income.
  1. ONLINE REAL ESTATE

Online real estate, otherwise known as websites, requires very little investment and can typically generate a good ROI over time. Traditionally real estate is thought of as tangible, but don’t disregard the earning power of online property. When you consider that Candy.com sold for over $5 million dollars, online real estate has the potential for astronomical returns.

  • Approximate startup costs are as follows: $10 for a domain name, $0-75 for a standard website template to over $750 for a unique website design, and content creation starting at around $15 for a quality article.
  • The key to making money online is having high quality and a high quantity of content, in addition to money making streams like marketing other company’s products, on-site advertising, or product sales.

There you have it — three markets where the competition isn’t very fierce and the bar of entry is relatively low. By investing in any one of the three offbeat investments mentioned, you’ll have the opportunity to maximize your investment dollar. And over time, you may be able to transform your investment into a fully expanded business.

MEET YOUR REIA NYC LEADER

Teresa R Martin, Esq – Founder/Counsel

Dr. Teresa R. Martin, Esq. is a sought-after attorney, real estate broker, real estate and financial health coach, keynote speaker, author, consultant, and a Dave Ramsey Master Coach. As principal of her own practice, she has honed her skills in the areas of residential & commercial real estate transactions, foreclosure defense litigation and credit restoration services.

In addition to being an attorney, Teresa wears the hat of a seasoned real estate investor with a focus on creative acquisition strategies. Strategies that she developed, implemented and taught to others through her role as Counsel/Founder of Real Estate Investors Association NYC (“REIA NYC”) and as Director and past President of the New York Chapter of Better Investing, the nation’s largest non-profit organization dedicated to investment education.

Her legal experience, coupled with her passion for financial ministry and consumer education, led her to join and complete her Group Leader training with Fellowship of Companies for Christ International (“FCCI”) in 2005. She continues to use her God-given gifts to encourage, equip and help others understand sound financial biblical principles through Generational Wealth Zone, a conduit for the everyday person to achieve financial freedom through tutelage in the areas of financial literacy, business ownership, real estate and stock market investing.

Teresa has appeared as a legal and real estate expert on Voice of America, Real Estate Straight Talk and numerous radio programs. She has been featured in such publications as Money magazine and Diva Zone magazine and more.

Email: [email protected]

 

 

 

 

Filed Under: Uncategorized

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