I wanted to post this information again for those of you that know investors or anyone looking to purchase a home as an investment property. With banks not lending like they use to (which is a good thing) and the rules tightening up there are alot of ways to inform your potential buyers that they can use retirement funds to purchase properties, short sales, foreclosures, etc. Now the first thing to know is there are rules and if you want to know the basics just email me or respond to this blog so others can see, second you will NOT take a distribution and this will NOT be a taxable event. I always get that educated person that thinks this is a taxable event well the good thing is that it's not. What we are talking about is a way for you as the expert to be able to educate your clients that have retirement funds, like a IRA, a 401(k), a keogh, etc that they may be able to use those funds to diversify into real estate, yes I said it, diversify their portfolios into real estate. This year has been a pretty crazy year with the stock market and retirement funds loosing value, but this could be a great time to learn on ways to educate your clients on how they can invest in something tangible, they can see it, not just numbers on the Nasdaq and dow. I believe that us as experts can educate clients on the buying process to make sure they are still getting a great deal with the potential for cash flow and appreciation, which in this case all goes back to the clients retirement funds. Know the great thing is that you made a sale and your clients are benefiting from a real estate purchase that maybe making better returns than the stock market. Hope this helps and hope everyone is having a happy holiday season.
Doug