Three years ago real estate investing was hot. Today, many people act as if the opportunity has passed. I contend that the opposite is true. In the past, as a mortgage banker focused on originating mortgages for investment properties, I started listening to and learning from my real estate investor … [Read more...] about How to profit from real estate investments in a soft and declining real estate market
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Warning: Don't let administrators act as custodian – Part 3
*** This is Part 3 of a series about the dangers of letting an administrator act as custodian. Make sure you read Part 1 and Part 2 first to make sense of this post. *** The illegitimate custodian test Ask "Who should the check be payable to for the rollover contribution or transfer?" Ask "If my … [Read more...] about Warning: Don't let administrators act as custodian – Part 3
Warning: Don't let administrators act as custodian – Part 2
*** This is Part 2 of a series about the dangers of letting an administrator act as custodian. Make sure you read Part 1 first to make sense of this post. *** Signs that your custodian may not really be a custodian They sometimes call themselves an administrator. "Administrator" is an accurate … [Read more...] about Warning: Don't let administrators act as custodian – Part 2
Warning: Don't let administrators act as custodian
To have a self-directed IRA, unlike a Solo 401k, you must have a self-directed IRA custodian... and you should stay away from unregulated companies masquerading as a custodian. A self-directed IRA custodian is one that will have less investment restrictions than the more common tradition … [Read more...] about Warning: Don't let administrators act as custodian
The Top 5 Investing Myths of 2008
2008 was a very interesting year to say the least. Possibly the most productive outcome of the year was the restless message of "rethink things" coming from the little voice beckoning each of us in our minds. Myth #1... The SEC keeps investment information honest and accurate The Securities and … [Read more...] about The Top 5 Investing Myths of 2008
When the economy attacks: Fed fights back with toy gun
Today the Federal Reserve lowered their key rate to 0%. Huh? How does our economy work when money is lent for no interest? Well, they technically lowered the key rate to a range of 0% to 0.25%. This is the first time the Fed's key rate has been this low ever. Without getting into a long, complex … [Read more...] about When the economy attacks: Fed fights back with toy gun
Arkansas Couple Realizes the Benefit of Managing their Own Retirement Accounts
The stock market implosion of 2008 has millions of Americans feeling financially helpless. Yet individuals who are investing their 401k & IRA money in ventures outside the stock market are singing a different tune. Janice and Jack Stoddard, real estate professionals in Arkansas, heard about … [Read more...] about Arkansas Couple Realizes the Benefit of Managing their Own Retirement Accounts
The impossibility of bailout success and the guaranteed alternative success plan that depends on you
This is a message of prosperity rather than doom and gloom. Read through to the end. A tremendous amount of homeowners are facing foreclosure. CNN Money reports foreclosures are up over 70% from this time last year. Banks are failing left and right, but let's just take a look at the bailout concept … [Read more...] about The impossibility of bailout success and the guaranteed alternative success plan that depends on you