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We hope the following article will help you understand
dit reports refinance home mortgages loans asset protection
Banks Invest Your IRA Money in Home Mortgages-Shouldn't You?
Banks Invest Your IRA Money in Home Mortgages, Shouldn't You ?
You can pump high yielding, tax free profits secured by real estate directly into your IRA!
I don't care what your banker or stockbroker told you, the IRS says you can. (http://www.irs.gov/publications/p590/index.html)
You can earn up to 25% on your mortgage loan investment in a couple of months on short term deals. Long term loans can triple your investment while generating a cool, passive income stream over 15 years or more.
You are probably aware that for every $100,000, in mortgage money you borrow you are going to repay nearly $300,000 by the time its paid off in 30 years, right? Wouldn't it be nice to receive returns like that, instead of paying them?
You can!
The risks are extremely low on this type of investment. Banks will loan over 100% of the purchase price if the loan is secured by 1-4 family residential real estate. How much will they loan you on your stocks? H'mmm!
The collateral is a family's home, the default rate is less than 1% and it is the most in-demand type of real estate there is.
If the homeowner stops paying, you take the property and sell it to recover your money.
Generally, there are two types of loans you would make, short term and long term.
Short term loans carry a higher risk as they are usually made to real estate investors, who buy, fix up and resell houses. They borrow the money to buy a property all cash to get the best possible price.
They would then either fix it up and sell it or just sell it if it were in good enough shape.
These loans are generally for a year or less and pay interest rates as high as 12% or more!
Your loan amount on this type of deal would usually be from $25,000-$250,000.
The long term, purchase money mortgages made to homeowners, would have smaller returns, just below the rates the banks are charging, because of the relative safety of the loan. Loan amounts would be from about $50,000 to $500,000. You could invest alone or in combination with those of other investors, forming your own private IRA Bank!
As the real estate market worsens, the easy bank mortgages will dry up, providing greater and greater demand for these private loans.
Think of the possibilities! You can rejuvenate your shriveled IRA, 401(k) or Keogh by stuffing it with secured, tax free real estate profits!
You can run a small, classified ad in your local paper or network with real estate agents and you'll find clients.
In most states, you are allowed to make a small number of loans, before you have to think about licensing, but check the law in your state just to be safe.
Let your private, IRA Bank put you back on the road to early retirement!
About the author:
Copyright 2005 Bill Young. Bill is a former bank mortgage officer. He is a real estate investor and personal financial consultant. You can learn more about earning high yielding, tax free returns secured by real estate in your IRA or other retirement fund here: http://IRAInvestorsExchange.Com
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