For Immediate Release – February 1st, 2012- AdvantaIRA Trust, LLC is excited to announce the expansion and opening of their newest office in the Miami area. AdvantaIRA specializes in Self Directed IRAs specifically real estate IRAs and private lending in IRAs. Advanta has been in business in Florida for over 9 years with offices in [...]
Dear Friends, I just wanted to send some great news. Effective tomorrow, we will be transitioning to a new and better business structure. For the last nine years, we have been affiliated with a company out of California where we shared resources, systems and marketing. Because of the economy and other factors, we have mutually [...]
It’s the Most Wonderful Time of the Year… time for tax invoices! Now is the time of year that our local counties start mailing those much loved property tax invoices to real estate owners. Recently, we have seen a huge spike in the number of tax invoices submitted for payment. As Real Estate is one [...]
“Dave, what can I invest in to get some better returns?” – This has to be one of the most common questions I get. Who wants to get 1 percent on a CD? Everyone wants the perfect investment. While I don’t sell products and I don’t get a commission, I will tell you a solid [...]
Self-Directed IRAs offer investors unique opportunities to diversify and purchase tangible assets in retirement accounts. Several Real Estate IRA companies have combined efforts to track investment purchases of real estate or real estate type assets in IRA accounts in Florida. Real estate type assets would include notes/mortgages (private lending), tax certificates or LLCs that purchase [...]
The Entrust Cruise returned this weekend with rave reviews for its first Self Direction at Sea Cruise. Over 60 investors attended this four day Cruise from Tampa to Cozumel. While the weather was a little sassy, spirits were high for the fourteen hours of free seminars the investors attended. Dave Owens, Managing Member of Entrust Freedom [...]
At first glance, the idea of increasing the Capital Gains rate seems like a bad thing. How could increasing tax rates ever be a good thing? Well, for all of us Qualified Intermediaries, this is means potentially more business for us. For those of you Realtors out there who are familiar with 1031 exchanges, this could be your golden opportunity. For those who are a little hazy on what exactly a 1031 exchange is, allow me to give you a brief synopsis. 1031 is a section of the tax code that states if you sell investment real estate and purchase investment real estate of equal or greater value, you defer not only all capital gains, but any applicable depreciation recapture and state taxes. This is a key point to note. You will often hear people say, “I’m just going to cash out, pay my 15% and be done with it.” That may or may not be the case. Sometimes they are looking at paying substantially more than 15%.
So what are you doing now with regards to your Financial Life Plan? As Americans, we are terrible planners. Let me give you some statistics. Twenty percent of pre-retirees have spent no time actively planning for retirement. Sixty percent of pre-retirees have spent the same amount of time or more time on home improvement vs. financial planning. Thirty one percent said they would rather clean their bathroom or pay bills than plan for retirement. These statistics are from the Financial Planning Association.
For every client that buys or lists a house, there is likely a retirement plan belonging to that client that can be self-directed into Real Estate. Many Realtors have started to take advantage of self-directed IRAs. After all, in this economy, many people feel that there are some pretty good real estate deals out there right now. However, a good portion of those who feel this way, do not have the cash to take advantage. That is until they realize they can use money in their IRA to purchase real estate.
Savvy Sanibel and Captiva real estate investors are always looking for deals, and now may be the best time. The Golden Rule of real estate investing has not changed – the profit is made by purchasing at the right price and not over paying. The rule on Sanibel and Captiva has never been truer. For buyers getting property at the right price, the tax laws have never been more favorable.