Hello Everyone, last blog for the week end. I have to do my 32 hrs over 2 days so this will be all till Monday.

3 Goals in life for me and I am assuming all of you feel the same.

1.Make a fortune 2. Fire the IRS 3. Work smarter not harder.

3 ways to invest money: 1. Traditional investments, 2. Commonities 3. Real Estate Creative Investments.

I pick number 3.

Now to get to my point, for those who are new to investing, there are ways to invest in Real Estate using IRA'S. I belong to a company called Equity Trust Company. I have my IRA through them because they allow Real Estate Investing. There are a lot of different ways in this company to make money tax free, on your investments.

3 ways to use IRA for Investing in Real Estate

1. Out right buying - The IRA is the owner and all the money goes back to the IRA including the IRA pays Real Estate Taxes, all expences, all proffits go through this.

2.Percentage- this is when a percentage of your IRA is used say 50% then the IRA owns 50% and the other 1/2 could be entitiy, you, or whomever, when Real Estate taxes are due the IRA pays 1/2 and the other partners pay their portions, includes 1/2 proffits go back to IRA tax free.

3.Leverage- this needs to be a non-recourse loan, they have a list of lenders who offer these cannot use the IRA as a Loan though this must be out side but you can use as leverage

4 ways to get money into Equity Trust Co

1. contribution earn income deposit

2.Roll over (you have to be seperated from the company)

3.Transfer- IRA-IRA

4. Conversion  one account to another or all of the above

It is really easy to set up an account and they are really helpful

Traditional IRA- if you need to lower your taxes now for the year, these are asset protected, pay no taxes now, all profits are tax free. at age 59 1/2 can take money out, will be taxed on the amount taken

Roth IRA- if you want tax free income for the rest of your life, all profits are tax free, even when you are 591/2 and take money out it is tax free. requirements: must be 59 1/2 has to have been open for 5 yrs

Example if Roth owns a rental, and you are recieving 1,100 a month on it goes to Roth at 59 1/2 you get 1,100 a month tax free money. but the money you save by not paying taxes is great. 

$50 dollar set up fee, annual maintance fee of  $190.00-350.00 your money is not being spent on stocks going up and down it stays the same unless you invest then it goes up

unlimited investments , checks, distributions, all no extra fees. Allows you to be a bank if you want to.

2 ways to use IRA

1. use it to make money for yourself 2. use other peoples money (private) IRA to do investing. There are 4.3 Trillion dollars and growing in IRA's now we need to be tapping into them for funds to purchase Real Estate.

Just a little tidbit of information for those of you who were wondering.

until next time

BE BLESSED

Patricia