I am a new investor currently absorbing as much info as possible to start out on the right foot. Can you recommend books (or other sources of info) to learn more about:
- Self Directed IRAs: Pros/Cons, how the process works?
- REOs: I have found bank sites listing properties. Are there real estate agents who specialize in this area or do I prepare my own offer? How is the financing unique? How do I learn about this option?
- Renting next to a college/ university: are there special considerations? extra wear and tear, summer vacancies and other considerations? How does renting a single family home room by room compare to a duplex or 4 plex?
- Last one... I was told at a local networking event that the average equity held in real estate nationally is at 50% and most home owners have low mortgage rates at around 3%. Therefore in the next economic downturn we will not see a large foreclosure rate like we did last time, and the real estate investments are more secure now. What is a name for this so I can research this topic more as well to verify/ validate these ideas?
If you have read helpful books on any of these topics, let me know!
For a lists of lenders that will lend to IRAs, see the following.
- IRA Wealth by Patrick W Rice
- Leverage Your IRA by Matt Allen
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