View
227
Download
0
Category
Preview:
DESCRIPTION
Private money expert Kevin Amolsch and self-directed IRA expert Loren Whitney cover everything you need to know to successfully finance an investment property. - Multiple ways to finance rental properties - A proven way to buy rentals with no down payment - How a college kid purchased 35 houses with no risk and no money - A sure fire way to be a self-made millionaire, even if you make every mistake in the book - How to use your 401k/IRA to buy investment property - Details of a self-directed IRA and how to leverage/finance properties
Citation preview
One Off-Market Deal Each Week
www.52properties.com 2
Rental Financing A sure fire way to millions
• Kevin Amolsch• Pine Financial Group, Inc• www.PineFinancialGroup.com• 303-835-4445
www.52properties.com 3
$0.00
$500,000.00
$1,000,000.00
$1,500,000.00
$2,000,000.00
$2,500,000.00
$3,000,000.00
0 5 10 15 20 25
Annuity
Bonds
Cash Purchase
Gold
S&P 500
Private Lending
Purchase 4 Props with Financing
www.52properties.com 4
• Cash or LOCs
• Conventional Loans
• Portfolio Loans
• Private Money
• Hard Money/Refi
• Partners
www.52properties.com 5
• Highest profit per deal
• Lowest ROI
• Limits your capacity
• Risky• Lazy diligence
• Not diversified
• Open you up to litigation
• May get better deals
www.52properties.com 6
• Cheap
• Great terms
• Limits on number and size of loans
• Hard to qualify
• Habitability
• Will not fund repairs
www.52properties.com 7
• Can have flexible underwriting
• Risky terms
• Extremely slow
• Relationships are important
• More expensive
• Great supplement
www.52properties.com 8
• Owner finance• Lease Options
• Subject too
• Contract for Deed (Land Contract)
• Other types of own carry purchases
• Third party private finance• Friends, family or anyone else who will loan you $$
• IRAs
• Flexible
• Can be cheap or expensive
• Balloons will be very common
• Not easy to do
www.52properties.com 9
• Most expensive
• Flexible
• Fast
• High leverage
• High ROI
Check this out…
www.52properties.com 10
1. Find a bargain house that needs some rehab in a good rental area
2. Purchase it with a hard money loan and make repairs
3. Get a tenant
4. Refinance into a conventional loan
5. Repeat
www.52properties.com 11
• Hard money loans to 70% and Fannie Mae will go to 75%
• No title seasoning
• Must be a good value and must rehab the house for this to work
www.52properties.com 12
• Credit partners
• Cash partners
• Time
• Experience
• Access to deals
• More…
www.52properties.com 13
How To Buy Cash Flowing Real Estate With No Down Payment & No Owner Financing –The New Way To Buy Rental Property
www.PineFinancialGroup.com
Lor
www.52properties.com 14
Loren WhitneyAssistant Director of Business Development
New Direction IRAwww.newdirectionira.com303-546-7930 x153lwhitney@ndira.com
A descriptive term
Not a legal distinction
www.52properties.com 15
Select an IRA provider that allows the asset types in which you
want to invest.
1. Traditional2. Roth3. Simplified Employee Pension (SEP)4. Savings Incentive Match Plan for Employees
of Small Employers (SIMPLE)5. 401(k) Plan6. HSA – Health Savings Accounts
www.52properties.com 16
1. IRA is its own legal entity2. IRA Provider is the legal
signer3. No Self Dealing
www.52properties.com 17
1. Hold Title to Real Estate2. Tenants-in-Common3. Loan money for real
estate collateral 4. Entity that invests in real
estate
www.52properties.com 18
Both offer and closing documents are titled in the name of the IRA:
New Direction IRA, Inc. FBO Client Name, IRA
www.52properties.com 19
Earnest money must be paid from the IRA or by a non-
disqualified person.
www.52properties.com 20
3 IRAs, all with the same net value.
$150,000$150,000
Stock IRA RE IRA
$300,000
$150,000
RE IRA
W
I
T
H
L
E
V
E
R
A
G
E
$450,
000
Not all lenders lend to IRAsNon-recourse loans onlyNo personal guaranteesTaxes may apply (UBIT)
www.52properties.com 21
www.52properties.com 22
IRAProperty Manager (Optional)
IRA
Property
New Direction pays all bills and takes in the rent.
You advertise for, interview and choose the tenants
You make sure the tenants make the rent check payable to the IRA.
You receive the check and forward it to New Direction for deposit.
You decide on maintenance and improvements.
You hire someone to do the maintenance and improvements.
www.52properties.com 23
How much you can do is a gray area of IRS code.Call us to discuss in detail.
You decide on a manager or management company.
Your IRA hires and pays the manager.
The custodian signs the management agreement after you have approved it.
The manager controls all the monies of the property.
The manager coordinates maintenance and improvements at your direction.
The manager must furnish the custodian with income/expense reports on at least a quarterly basis.
www.52properties.com 24
How much you can do is a gray area of IRS code.Call us to discuss in detail.
www.52properties.com 25
OpenSelf-Directed IRA2 Business Days
FindInvestment
Varies
Make anOffer
1-2 Days
Move FundsInto Account1 to 4 weeks
Secure Financing(Optional)
Varies
Investment Closing
3 Business Days
1 5 62 3 4
www.52properties.com 26
Innovative Assets
Access Moneythat has alreadybeen set aside.
You HaveControl
Tax Benefits
You can always email us
info@52properties.com
www. .com
Next:
Session 4 – Building the Proper Team
Session 5 – After the Purchase, now What?
Recommended