All Forum Posts by: Account Closed

The single most powerful way to accumulate (and keep wealth) through real estate is to purchase it in your ROTH IRA account.

Purchasing within a ROTH IRA is using "Post-Tax" dollars, in other words, you have already paid taxes on this money. What this allows you to do is to GROW these dollars "Tax-Free" moving forward.

Granted there are always exceptions, the laws could change, and I'm not an accountant or tax attorney, so please do your research. But, the benefits I've discovered far outweigh the disadvantages.

Also, a comparison between purchasing within a ROTH (post-tax) and traditional 401k (pre-tax) can yield similar profits depending upon the terms, so you will need to do your own calculation.

Here is an example:

I purchased a portfolio of 7 properties in my ROTH IRA with partial seller financing. I paid $6k down for each property with my limited ~$50k in my retirement accounts. The total loan was ~$200k, for a total price of ~$250k. I am now looking to sell these properties for ~$395k (the properties still have an appealing NOI of ~10.3%!!!).

You can see the deal here: https://kansascity.craigslist.org/reo/d/kansas-city-103-cap-house-investment/6887776974.html

Any "profit" that I earn in this account is essentially "tax-free." And you can continue to do this over and over again. 

Additionally, I'd like to build a network of people using this powerful tool so that we could be each other's bank for short and long-term deals. Thanks.

-LanceWills.com

Hello fellow RE Investors,

I am looking for a step by step guide on how to buy Foreclosures and I have been unsuccessful in my search on the Internet.

There are many explanations of the Foreclosure process (including a GREAT one on this site) from the bank/Homeowner's perspective. But a tutorial from an Investor's point of view on the actual steps to take and pitfalls to avoid when purchasing a Foreclosed property is lacking.

Does anyone know of an online Foreclosure Tutorial to "Learn How To Buy Foreclosures" ?

Any tidbits, lessons, courses or Foreclosure Listing Sources would be greatly appreciated.

I'm sure that posting this info would be beneficial to many new Real Estate Investors as we continue to educate ourselves before we take the leap.

Thanks and Happy (and smart) Investing!!!