We had 6 people for the workshop that Richard Hampton Scurlock III and I had at 1860 Campus Place in Louisville Kentucky on the 11th of November 2010.
The night started out with several updates on what was going on for Real Estate investments and concentrated on how to start using an IRA or 401k plan to buy and sell Real Estate. There is currently over 4 trillion dollars that has been invested in IRA and 401K plans and no more than 2 percent of those funds is currently invested in Real Estate.
Hampton had some great hand-outs that helped with question and answers and he spoke for about 30 minutes on the does and don’ts of investing with your IRA or 401k. Aster that I took the stage and showed how we had already taken a property that was in really good shape and paid just slightly higher than the offered price for it. This made the property a 31k purchase, it took 3k to fix the missing items in the home which is not much, and now we are putting the 3200 Sq Ft 4 bedroom 3.5 bath home for sale at 85k. Even if we get 69k for the property we will have more than doubled my investors original investment in 90 days and that will go right back into his IRA as non-taxed funds. How many mutual funds give that kind of return in 90 days? The answer is none. I also showed various properties in the Louisville Area that were priced from as little as 2k to 50k and all were negotiable prices.
There is no way to tell someone to go for rentals or go for flips. It is our belief that you use your judgment to figure out what is the right path to go with. Some of my investors go with all rental as they do not mind working with people each month or establishing section 8 housing. Other only want to do flips while the third kind will want to do a combination of both.
Once the seminar was over we talked about what to do next and I now have a new customer from the seminar that will start working with me in January and late on Friday I was asked i I could meet with another investor to discuss their needs on Wednesday of next week.
Holly (my wonderful wife) and I will be moving our investments to Retirement Tax Advisory Group Inc. http://www.reitrementtag.com in the next little bit and so will all of the others who attended the seminar.
If you know of someone wanting to find out more about using funds from an IRA or 401k to purchase real estate, have them contact Rick Hogue at 502-649-3431. We can work with anyone across the country to find suitable properties that will be good investments. Call Rick Hogue or visit my website at http://www.louisvillemls.pro. I am a member in good standing with NAR, KAR, GLAR, and hold the CDPE certification for working with distressed properties. Keller Williams Realty Louisville East is the company that holds my license and would not have it any other way. It is a wonderful company to work for. If you are in Real Estate and not happy about getting less than your unfair share of business, then by all means call me so we can look to get your career in Real Estate on track with a company who cares about their agents.
There is no better time than now to be investing in real estate. Are you tired of your 401k going down and not being able to control your future? Do you get your quarterly reports on your IRA showing losses? Would you want to learn how to invest in real estate without using any of your bank account? How would you like to know how to double, triple, or even quadruple your retirement over the next year? Don’t miss out on this information event. November 11th, 2010 from 6 to 8 pm. Guest speakers will be Richard Hampton Scurlock from retirementtag.com and Rick Hogue with Keller Williams Realty Louisville.
This is not a gimmick nor is it something you have to buy into or even buy products. It is an informational program to show you how to purchase properties with your 401k, IRA and even some of your retirement programs. Hampton will be talking about how to go about getting into the market of buying within your programs and selling within your programs. Rick be be showing properties that are currently available that can be used as rentals and or flips.
Contact Rick Hogue at 502-649-3431 to get your spot set. Limit is 75 people for this program.
Oh by the way, did I mention that this is a free information program?
Want more info about listings in the Louisville market? Check out louisvillemls.pro. If you are looking for a new Certified Investment Counselor go to retirementtag.com.