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Francesco Mo…, Real Estate Pro in Sewell, NJ

Are Realtors aware of Using Self-Directed IRA's to close more deals and Hold Real Estate?

Asked by Francesco Mollo, Sewell, NJ Tue Mar 25, 2008

I work in Investment Real Estate and Wealth Management. I work for a Real Estate Company and they are amazed when i tell them some of the information about using IRAs and 401Ks to purchase and hold real estate. Is this something that other realtors want to know about? I have a Free Report on a 24 Hour Automated Line (877) 216-4321 ID# 2030. But I would like to hear some feedback from local realtors and investors.

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15
Dan I agree, I have had my share of discussions with both res and com agents and they just don't get it. What blows me away is you have such buying power in an office of agents. Each has the ability, as an independent contractor to get a solok and sock away large sums of $ yearly. In this market, while flips, foreclosures, reo's etc are abundant the agents don't grasp that they as a group, could be purchasing and making money themselves and not paying the man. I know this seems a bit utopian but the potential and opportunity is at there finger tips.
Web Reference: http://iravest.com
0 votes Thank Flag Link Sun Apr 10, 2011
After being in the business now since 2000 and speaking to possibly tens of thousands of Realtors on the subject I can authoritively say No! For the following reasons:

1) It doesn't fit into their marketing model. This in my mind is the best only reason not to be interested. If your market is first time home buyers you might want to learn a few basic facts on the matter.

2) It's so confusing. Well that is the fault of the industry teling you a bunch of rules and quoting regulation doesn't help you sell. However finding someone that can provide you with a basic and practical understanding of self directed IRAs can turn confusion into commission dollars.

3) Out of my league. What they're saying is I'm really not in the business and I don't want to learn something new.
0 votes Thank Flag Link Sun Apr 10, 2011
I agree John, the Broker should not be giving financial advice, The Agent/Broker should just be knowledgable regarding the subject. In most cases either the Client is already very knowledgable on the subject and is only buying real estate with their IRA or there is a shortfall and it becomes an option. From you post I get the vibe that you don't like buying RE with your retirement savings at all. If that is the case, then I totally disagree. Especially these days when there are many opportunities available. I do agree with you that the Client should know what they are doing and have a good team behind them, but I believe that whether they are buying with their retirement savings or not.
Web Reference: http://www.iravest.com
0 votes Thank Flag Link Sun Apr 10, 2011
While using IRA's is an option, I'd never recommend that a client buy real estate with their retirement savings. If their financial advisor gave it a thumb's up based upon a complete review of the client's total financial situation, I'd help them with the purchase. But broker's shouldn't be giving financial advice, it's a different license that most of us don't have.
0 votes Thank Flag Link Sun Apr 10, 2011
Please visit IRAvest.com if you would like to propose promissory notes or properties for sale to our accredited self-directed IRA investors.. We are launching properties for sale this week.
Web Reference: http://www.iravest.com
0 votes Thank Flag Link Sat Apr 9, 2011
Our company has provided thousands of investors with the tools and education needed to properly purchase real estate with an IRA. To read an authority site on the subject and learn more go to http://www.myrealestateira.com or you can call us at 512 528-0801
0 votes Thank Flag Link Tue Jan 5, 2010
Take a look at IRAvestor.org http://www.iravestor.org The site is set up as a business directory for investors to find qualified professionals in the Self-Directed IRA community.
Web Reference: http://www.iravestor.org
0 votes Thank Flag Link Thu Dec 11, 2008
I totally missed this question when it was out first. Will be interesting to check this out - especially now that it's so hard to be qualified.
0 votes Thank Flag Link Thu Nov 13, 2008
Sylvia Barry,…, Real Estate Pro in Novato, CA
MVP'08
Contact
to learn more go to a site that has self-directed ira advisors http://www.myrealestateira.com
0 votes Thank Flag Link Thu Nov 13, 2008
Hello from Greensboro, NC!

I'm beginning to understand and see the benefit of Self-Directed IRA's to hold real estate. A few years ago I read about this and have continued to educate myself as time allows. Any options realtors can offer their sellers and buyers is a major plus when it comes to financing real estate.
0 votes Thank Flag Link Wed Jul 2, 2008
I have heard about this on CNBC but never looked into it. Some people said it is very complicated to do this. Is that true? I would love to know more?
0 votes Thank Flag Link Mon May 19, 2008
There was an article publised by CAR or NAR about purchasing Real Estate through our IRA several months back.

Here is the link. http://www.realtor.org/rmomag.NSF/pages/featuresept03ira
0 votes Thank Flag Link Tue Mar 25, 2008
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
Contact
I would like more info please e-mail
0 votes Thank Flag Link Tue Mar 25, 2008
sounds interesting, would like more info... please e-mail
0 votes Thank Flag Link Tue Mar 25, 2008
Sure, Email me some inrformation. I'd like to know the details.
0 votes Thank Flag Link Tue Mar 25, 2008
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