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The TNREIA Welcomes Our New Hendersonville Chapter!

calendar_96580The TNREIA welcomes our new Hendersonville Chapter. The TNREIA Hendersonville will now be meeting at the Black Eyed Pea Restaurant on E. Main street in Hendersonville. This Chapter will meet on the 2nd & 4th Tuesday of each month starting on April 21st, 2015.  The lunch meeting starts at 11:30am-1;00pm. Don’t miss this new & exciting opportunity to network with like minded professionals. This chapter meeting is a perfect place for the new & seasoned real estate investors, landlords, mortgage originators, lenders, real estate agents and industry-related professionals to network & grow your business.

 

Fee: Free to Members & first time guest!

Non-Members: $5.00 to be donated to Habitat for Humanity!

(Pay for what you order)

Join TNREIA Today for only $99.00 a year!

 

Are You a Candidate for a Self-Directed IRA?

By Mike Todd

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As the business development manager for IRA Innovations, an administrator of self-directed retirement plans, I have met hundreds of people who are interested in learning if they would be successful self- directed IRA investors. I have found that self-directed IRA investors have certain commonalities. Look at the list below and see if these qualities apply to you.
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1. They are goal oriented. They generally have a strategy in place and know what type of assets they wish to acquire as a part of their portfolio.

2. They do their homework before they buy.

3. When markets change, the self-directed IRA investor stays the course.

4. They don’t allow others to influence their investment decisions. They listen to their trusted advisors, but in the end they make the choices.

5. They don’t put all of their eggs in one basket. They diversify.

6. Most believe they must be in charge of their own financial future. They are aware that Social Security and other government programs may not be available by the time they need them. The retirement plans they build today will need to last the rest of their lives.

7. They have a mix of investments outside of their retirement accounts as well as in their IRAs or 401(k)s.

8. They continue their financial education. They utilize courses, webinars, reading, and other sources to further educate themselves about investment types and strategies.

If any of these 8 commonalities sound like you, then you should consider having a self-directed IRA as a part of your investing strategy. There are different types of IRAs just as there are different types of investments. If you want to learn which IRA will fit your needs, email me at mike@irainnovations.com, or visit our web site where we offer information about the different types of IRAs. Rather talk? Call me at 615-794-8961 with your questions. Let’s get started on growing your financial future today!

Put your financial future in your hands. No one is going to care about your money as much as you. Learn how you can grow your wealth tax-deferred or tax-free. I look forward to being a part of your financial success.

Mike Todd
750 Old Hickory Blvd
Building Two Suite 150
Brentwood TN 37027
mike@IRAinnovations.com

IRA Innovations (nor its employees) does not render tax, legal, accounting, investment, or other professional advice. If tax, legal, accounting, investment, or other similar expert assistance is required, the services of a competent professional should be sought.

No money down Real Estate?

Wholesaling real estate provides an opportunity for someone to build income with little or no capital. All it requires is ambition and some specialized knowledge. The more ambition you have, the more money you can make. Wholesaling does not require a real estate license. A license is not required to buy or sell any property that you have an equitable (monetary) interest in. That interest can be a contractual interest (you have the property under contract) or you actually own or have title to the property.

What is Wholesaling?

A wholesaler, to make a long story short, puts property (normally distressed and/or non-conforming property) under contract and assigns or resells the property to another real estate investor. The investors a wholesaler sells to usually uses cash, lines of credit, hard money loans, and other sources of immediate funding. This allows quick closings on properties that sometimes need extensive repairs.

A wholesaler lives off of the idea that price overcomes all objections. If you can sell a property for a low enough price it doesn’t matter what’s wrong with it, somebody will buy it. A wholesaler focuses on developing two things. Finding good deals and their network of investors to sell their deals to.

Getting Started Wholesaling Real Estate

Getting started, a wholesaler normally does not buy property. They put properties under contract with a contingency and focus on quickly selling the property for more money to other investors. If you end up not being able to sell the property before you are expected to close then you utilize your contingency and walk from the contract.A wholesaler is a middle man, and a good wholesaler becomes a very well payed middleman that other investors like doing business with. The secret is that if you have a good deal under contract, there are many more established investors out there that will be glad to pay cash for it in a matter of days. If you have a house that will sell fixed up (ARV) after repair value,  for $100,000, and it needs only $10,000 in remodeling, and you have a contract on it for $55,000, then with a developed investor network you could have an investor buy it for $60,000 in a few days. You sell it or assign the contract for 60K, you bought it for 55K so you just made $5,000 in a matter of days. To learn these strategies and more register online  for our next Wholesalers workshop where local seasoned investors can show you how to wholesale properties with little or no money down.

A wholesaler is a middle man, and a good wholesaler becomes a very well payed middleman that other investors like doing busineess with. The secret is that if you have a good deal under contract, there are many more established investors out there that will be glad to pay cash for it in a matter of days. If you have a house that will sell fixed up (ARV) after repair value,  for $100,000, and it needs only $10,000 in remodeling, and you have a contract on it for $55,000, then with a developed investor network you could have an investor buy it for $60,000 in a few days. You sell it or assign the contract for 60K, you bought it for 55K so you just made $5,000 in a matter of days. To learn these strategies and more visit our regular networking meetings at CorKy’s Bar-B-Q or attend one of our Wholesalers meetings / workshops  where local seasoned investors can show you how to wholesale properties with little or no money down.

 

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