5 Tips for Flipping Houses

House flipping can be a very lucrative side gig. If you do the legwork ahead of time, you can minimize the risks and maximize the odds of making good money in a relatively short period of time. In real estate, good information and good ideas are worth good money.

1. REAL ESTATE MARKET RESEARCH

purchasing the right property for fix and flips

Don’t go belly-up when investing in realty.

Some homes sell better than others. There are some general rules of thumb, such as:

  • Three bedroom homes sell better than two bedrooms.
  • Homes in a good school district are a hot commodity.
  • Homes in family-friendly neighborhoods sell better.

However, the general rule of thumb can be wrong in certain instances. This is why it is important to know the neighborhood and research the local market.

Retirement communities have different standards and expectations than family neighborhoods, and city neighborhoods will be different from suburban ones. As the old saying goes: It is all about location, location, location.

When house flipping, it pays off to be knowledgeable about local housing trends. This can inform renovation efforts and reduce the odds of a misstep.

It is better to be more observant regarding local trends rather than national trends. Paying too much attention to national trends can lead a potential house flipper down the wrong path. Real estate is very much about local market conditions, while national averages can be misleading.

People can start by reading local listings, driving around local neighborhoods and simply paying attention to local information about the housing market. Is a big employer coming to town? Is it an area that attracts “snow birds?” Is it a tourist attraction or a vacation spot?

Demographics are another thing to research. Knowledge about population characteristics, such as age, ethnicity and lifestyle are very useful when thinking about what kind of real estate sells better in a particular area.

 

2. PICKING THE RIGHT HOME

The right home is one that can be sold for a profit. But you must take the purchase price, renovation and carrying costs into consideration. The larger the profit margin, the better the sale. Some general rules:

  • It is better to buy the worst house in a good neighborhood than the best house in a bad neighborhood.
  • Houses that need more “curb appeal” are more profitable than houses with serious structural issues.
  • Fancy additions, such as swimming pools, are often not profitable.

A house with “good bones” that needs to be updated is a good bet. A house with a solid structure, but an outdated kitchen and bath is also a good bet. Bringing a house up to a community’s standards can mean more bang for your buck. For instance, purchasing a house with one bathroom and then adding a second makes a significant difference, especially if it is in a neighborhood where two-bathroom homes are considered the norm.

It is also a good idea for house flippers to buy and renovate homes near where they reside. Not only does this increase the odds of being familiar with the local market conditions, but it also cuts down on the commute to the job site. This can be a significant factor in making the project work, especially for those looking to earn a supplemental income.

Although there is a time and place for pulling out a calculator and crunching some numbers, there is a danger that number crunching alone can lead people astray. It is a bad idea to buy a “bargain house” sight unseen. The low upfront cost of purchasing it likely means there are hidden costs down the road. In this business, it is important to be hands-on and to check things out personally.

 

blueprints for home renovations

Properly plan your real estate investment from the start

3. RENOVATIONS

The renovations are where the magic happens. Staying on budget while creating something attractive to buyers is how house flippers turn a sow’s ear into a silk purse full of money.

It is important for house flippers to develop the right mindset. When people renovate their own home, it is often a labor of love and all about getting what they want out of life. This can torpedo the initial intended budget.

While that might sound OK for one’s personal residence, house flipping is a business. If it isn’t profitable than there is no point. So, it is important to keep the project under budget.

Following one’s heart can lead to better results in terms of making an attractive property sell quickly. As long as the renovations are handled in a budget-minded manner, with an eye on the bottom line, it is fine for house flippers to use their intuition and personal sense of taste to guide their decisions.

One way that most house flippers stay on budget is by investing sweat equity. In other words, they do as much of the work as possible themselves. It’s more economical to contract out certain jobs that require specific trade skills, such as plumbing and electrical work.

Another way is by picking the right house to begin with. Picking houses that need some polish, but are structurally sound, is one of the best ways to stay on budget. Foundation problems, black mold and other nightmare scenarios can easily eat all potential profits.

Some areas that typically pay off:

  • Update the kitchen
  • Update the bathroom.
  • Add a second bathroom or a half-bath.
  • Add curb appeal or generally freshen up the appearance and/or landscape.

4. TIME IS MONEY

There will be carrying costs. There will also be interest on capital borrowed to invest in the project. One of the secrets to making money when flipping houses is simply finishing the project in a timely manner.

Again, it can help to buy a house close to home. It helps to have a solid plan of attack in place. It helps to devote as much time as possible on evenings and weekends to the project.

But it’s also appropriate to be aware that time is of the essence and that this is a for-profit venture.

The other big area where time is of the essence is when it comes to actually selling the house. An empty house sitting on the market will bleed the owner for carrying costs, including mortgage, insurance, taxes and maintenance. Plus, the longer it sits on the market, the less attractive it will look to potential buyers.

That said, another secret to making money by flipping houses is knowing how to effectively price the house according to the current market. Overpricing a house can be a big mistake that costs money. It is better to pick a price point that will help the house sell more quickly.

If the work is exceptional, the final selling price can be bid up above the asking price. Even if a bidding war does not happen, it is better not to have profits eroded by the cost of carrying the house for several months.

 

5. FINANCING

It isn’t absolutely necessary to have money in the bank to flip houses because there are many ways to raise the capital needed for every project.

As long as there is enough time to do the legwork, this is a solvable problem. Real estate is one of the most solid and lucrative investments. So, as long as the renovation plans aren’t overly complex, there are some means to finance the project.

RealtyeVest is a real estate crowdfunding company that offers investors the opportunity to capitalize on residential, multifamily and on-trend properties across the United States.

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The Secret Untapped Market of Assisted Living

Knowing that we cannot turn back time — at least in this day and age — growing old is inevitable. So, how would you feel about investing in your future retirement before you reach that point in your life?  Investing in retirement means more than securing a large IRA. It means putting that hard earned savings to work.
cup of coffee

Growing your savings within the assisted living sandbox will help you reach your retirement goals faster and with ease.

The first members of our Boomer Generation started turning 65 in 2011.  A report released by The Pew Research Center found that over the course of the next 19 years, Boomers will account for 79 million retirees, which equates to over one-fourth of the total U.S. population. Research also shows that every day about 4,000 retirees will be turning 85 and an average of 70 percent of those seniors will need roughly 3.5 years of assistance for daily living. In 2005, the assisted living industry was worth $139 billion. By 2020, it is projected to reach $207.3 billion. Assisted living services and nursing homes will account for more than two-thirds of revenue.

The growing industry of assisted living creates great opportunities for investors, as well as for those that require special services. Most people are willing to pay whatever it takes to remain in their comfort zones. Assisted living provides such care as semi-independent living, transportation and, best of all, peer-to-peer relations.  Additionally, the opportunity for investors to take part in this industry is phenomenal. Currently, operating a small assisted living facility can have a potential gross income of more than $300,000 in its infancy.

You might be asking: “What is the difference between an assisted living facility and a nursing home?”  Sure, they both offer the same benefits: taking care of loved ones. But nursing homes are more like hospitals, designed to focus on those that cannot function independently.

Assisted living facilities focus more on helping elders enjoy their lives and independence. Not to mention, rental rates at assisted living facilities are generally lower than nursing homes because they do not provide the comprehensive care that nursing homes are permitted to manage.

So, what does this mean for an individual looking to invest in an assisted living facility?

It means that it’s a great time to capitalize on this growing market. With the improvements in technology and science, people are living longer and shying away from traditional retirement facilities.

residential assisted living retirees

Assisted living facilities allow retirees in reasonable shape to socialize and maintain their independence with minimal supervision. The untapped market is “not” the retirees themselves, but their children. In most cases, the children are the first to recognize when a family member(s) can no longer live without assistance. The willingness to seek help completely changes the dynamics of assisted care. This affords the industry further expansion and larger investment opportunities.

Growing your investments within the assisted living industry is likely to propel an investor’s portfolio to new heights, creating new opportunities and stable incomes.  This industry is growing rapidly and will continue to grow over the next 20 years.  Do not hesitate to invest in this revolutionary opportunity.

RealtyeVest is a real estate crowdfunding company that offers investors the opportunity to capitalize on residential, multifamily and on-trend properties across the United States.

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5 Best Real Estate Markets in Florida

If you are searching for the best real estate markets to invest in, you may want to consider Florida. In a recent report on Forbes.com, the online real estate site Trulia ranked the top markets for real estate investing based on the following criteria:

  • High Affordability
  • Strong Job Growth
  • Low Vacancy Rates
  • Number of Home Searches on Trulia
  • A Large Population of People Satisfied with the 2016 Presidential Election Outcome

Five out of the ten real estate markets mentioned in the report are located in the Sunshine State.

1. Jacksonville

Coming in at No.1, this northeast Florida city of 1.3 million residents along the St. Johns River showed an impressive job growth rate of 3.8 percent in 2016, leading to a high ratio of inbound home searches on Trulia versus outbound searches by people wanting to leave. In addition to strong economic stability, the area also benefits from great schools, beautiful weather and close proximity to the Atlantic Ocean.

2. Cape Coral/Fort Myers

It wasn’t only the 80 degree weather that made this city along Florida’s southwest coast rank No. 2 on the list. The area has also had the fourth highest job growth in the nation. Another contributing factor was the sharp drop in vacancy rates over the past year.

3. Daytona Beach/Deltona/Ormond Beach

Due to a low unemployment rate of 6.2 percent and predicted job growth of 36.96 percent over the next ten years, this area of northeast Florida ranked No. 3 on Trulia’s list. The area benefits from some of the best weather in the country.

5. Tampa/St. Petersburg, Florida

Strong job growth with a large number of education related jobs propelled the Tampa market to No. 5 on the list. Of course, much like the other locations, the beautiful beaches and weather didn’t hurt.

10. Bradenton/North Port/Sarasota, Florida

Rounding out the list at No. 10 were these beautiful beach communities along Florida’s southwest coast. Unlike other Florida communities, this area is not a vacation-driven community. “Not only does it deliver on the natural beauty of its beaches and weather, but it also has the critical infrastructure — the arts, great schools, small to medium-size companies, small universities — that is critical to making a great community,” the study said.

Investing in Florida Real Estate

Crowdfunding is a simple way for investors to grow their personal wealth and diversify their portfolios.

RealtyeVest is a real estate crowdfunding company based in Jacksonville. Being in the heart of one of the fastest growing real estate markets in the nation, the company has the advantage of being close to its sponsors and investment opportunities.

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IHT Realty Is Cornering the Market with Its New Profit Sharing Platform

IHT Realty Crowdfunding has rebranded itself as RealtyeVest.

IHT Realty Crowdfunding, a real-time investment company that helps sponsors raise capital for real estate projects, is cornering the market with its new profit sharing platform.

The offer will be exclusive to clients who invest in the single-family home renovation at 3613 Trask Street. Built in 1928, the 1,860-square-feet home is located in Jacksonville’s expanding Murray Hill neighborhood. The property features three bedrooms, two baths, a detached guest suite, central air, off street parking and a fenced-in yard with manageable landscaping.

Unlike similar companies, IHT Realty’s new platform will offer returns on the sale of exclusive debt offerings on this project. Therefore, investors are more likely to gain a larger ROI than compared to other crowdfunding debt offerings.

The property was bought for $109,000. The total remodeling costs are estimated around $70,000, with an expected listing price of $250,000 upon completion.

IHT Realty Crowdfunding is offering an investment of 10 percent annualized return as well as a 10 percent yield for six months on the project.

It is not restricted by the Riverside and Avondale Presentation group (RAP).

“Home values in Murray Hill are predicted to rise by more than 6 percent next year, making this an outstanding investment opportunity,” said IHT Realty CEO and sponsor Dan Summer.

IHT has multiple upgrades planned for the property including the conversion of a detached garage into a one bedroom studio apartment (440 square feet) with a kitchen, bathroom and full HVAC system.

RealtyeVest is a real estate crowdfunding company that offers investors the opportunity to capitalize on residential, multifamily and on-trend properties across the United States.

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Why Florida’s First Coast Is Ranked the No.1 Real Estate Market

Jacksonville, Florida is topping the list of several recent surveys predicting the hottest real estate markets for 2017.

In an article published by Forbes online magazine titled the “10 Hottest Real Estate Markets To Watch in 2017,” Trulia ranked Jacksonville no.1 on their list.

According to a survey on Realtor.com called “The New Hot Spots Where Americans Are Moving Right Now,” Jacksonville came in second for cities gaining the most residents as well as the no.2 destination for millennials.

Employment

Jacksonville continues to show a strong job market with growth of 3.8 percent in 2016.  This has led to a low unemployment rate of 4.4 percent and a larger amount of inbound searches on Trulia.com, versus outbound searches of locals leaving the area.  Jacksonville also offers a year-round economy and is the only Florida city with four different company headquarters on the Fortune 500 list.  The city has seen a 20 percent population growth over the past decade and its workforce is expanding at twice the national average.  In 2013, Forbes ranked Jacksonville as having the second fastest growing technology services base in the nation in a survey titled “The Cities Winning the Battle for America’s Biggest Growth Sector.”  Other notable industry sectors include finance and healthcare.

Healthcare

A strong healthcare industry leads to a better quality of life and makes Jacksonville a magnet for senior citizens.  Five of the city’s top ten private companies provide, or are affiliated with, healthcare services, such as Baptist Health — Jacksonville’s largest private employer.  It is also the home of one of three Mayo Clinics in the United States.

Education

Seven of Jacksonville’s high schools have appeared in Newsweek magazine’s top schools in the nation including Stanton College Preparatory School and the Paxon School for Advanced Studies.  The area is also home to several universities/colleges including the University of North Florida, Florida State College of Jacksonville, Jacksonville University, Florida Coastal School of Law, the Art Institute of Jacksonville and Edward Waters College. Nearby, Saint Johns County has been ranked the no. 1 school district in Florida for the past 10 years.

Affordability

Jacksonville’s cost of living ranks below the national average, making it more affordable than many other American cities.  Housing, healthcare and groceries all cost less than the national average.  The local housing market is still recovering from the recent real estate market collapse, making it a great place to find homes for personal purchase and investment.

Weather

The city has an average of 221 days of sun and a close proximity to beaches and the Atlantic Ocean — two reasons Sperling’s Best Places gave Jacksonville a score of 77 out of 100 on its comfortable year-round climate index.  The U.S. average for the comfort index is 54.

Trends indicate that Jacksonville will continue to benefit from strong population and economic growth, and a growing demand for real estate.  This makes it a great location for investors who will likely see larger returns on their investments.  Crowdfunding has made it easier than ever to invest in profitable real estate properties.

RealtyeVest is a real estate crowdfunding company headquartered in Jacksonville, Fla. The company offers investors the opportunity to capitalize on residential, multifamily and on-trend properties in Florida and across the United States.

Visit the company’s website to see how they can help you invest in real estate today.

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How to Use a Self Directed IRA to Invest in Real Estate

What is Crowdfunding?

Crowdfunding is a marketplace with a transactional platform.

For instance, imagine sitting at a table in a Golden Corral restaurant and the buffet is filled with platters of colorful food of virtually every type. Well, crowdfunding is much like a buffet for investors. Instead of ordering off the menu, the buyer or “investor” goes to where the “food” is and selects what he wants.

Unlike the traditional way of investing – when the sponsor (real estate developer or entrepreneur) sought out the investor for funding – investors can now log into a network and view a vast selection of real estate sponsors seeking funding. This allows investors to select from deals that catch their interests and fit in with their investment portfolios.

The Benefits of Investing in Real Estate Crowdfunding 

Investing in crowdfunding for real estate is a safer and smarter approach for those looking to diversify their portfolios and grow wealth. This is because the real estate market has less volatility than the stock market and offers higher rates of return than government bonds and savings accounts. Combine that with the tax advantages, and it becomes an essential part of any smart investment strategy.

Since the JOBS Act of 2012, real estate sponsors have been able to successfully crowdfund their projects by raising capital in small amounts through a broad number of individuals that provide access to a wider pool of potential investors. Likewise – with the buffet example – investors have the opportunity to mitigate the risk and invest in several deals in lieu of a single opportunity.

Due to advancements in technology, self-directed IRA investors are able to participate in real estate crowdfunding with their retirement accounts and at the same time realize significant tax advantages.

Those who want to be more in control of their financial future and enjoy more flexibility in the investment types, use self-directed IRAs.” – Dan Summers, CEO at RealtyeVest

Investing with a Self Directed IRA

Investing with a self-directed IRA is not overly complicated.

To make an investment using an IRA, you’ll need a self-directed IRA custodian who can hold the new property as an asset in your account. Once you’ve found a custodian, you open a new account and transfer your retirement funds into it. There are no tax penalties involved in the transferring of funds to the account.

A self-directed IRA can be structured as either Roth IRA or traditional IRA and allows the owner to invest in alternative assets such as real estate crowdfunding. As an investor, you can have a much more diversified portfolio than those invested exclusively in publicly traded securities.

Self-directed IRAs are also protected under federal bankruptcy laws, plus, real estate investments are insurable, which means they cannot disappear into thin air like some traditional Wall Street investments.

The real-estate crowdfunding platform is predicted to reach $150 billion over the next five years.

How to Invest

Although a self-directed IRA involves more of a hands-on approach, if you do your due-diligence and partner with a reputable crowdfunding company, the rewards can significantly outweigh the risks.

Investing with a self-directed IRA with RealtyeVest is as easy as four steps.

  1. Register to view investment offerings.
  2. Choose investments that suit your preferences.
  3. Invest with as little as $5,000 per deal.
  4. Receive scheduled payments.

 

 

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IHT Realty Seeks Crowdfunding for Jacksonville Multifamily Deal

IHT Realty Crowdfunding has rebranded itself as RealtyeVest.

JACKSONVILLE, Fla., March 10, 2017  — IHT Realty Crowdfunding announced on Thursday a new program that will offer investors a guaranteed six-month return regardless of how early the property sells.

This new program comes following the company’s latest investment offering of a duplex property at 3730 Lehigh Street. The investment is being sponsored by Lenger Financial, Inc., which seeks to raise $80,000 in funds for renovations to the Brentwood property.

Lenger Financial is a Jacksonville-based capital management firm that specializes in asset management, investment advisement and financial architecture. The firm’s primary real estate focus areas include single- family, mid-to-small multifamily, manufactured homes and boutique structure ventures.

Built in 1944, the two-story brick building sits on a quarter-acre lot and includes two bedrooms and one bathroom per unit, which equates to about 900-square-feet per apartment. The building is structurally sound and includes a newly installed roof.

Additional upgrades and projected renovations include a new HVAC system with ducting, new flooring, an updated kitchen and new appliances, a new fire escape and entrance stairway, exterior painting, as well as landscaping and fencing.

Lenger Financial is offering a strong debt coverage ratio of 1.28 with an excellent after repair value (ARV) of 74 percent. The sponsor is projecting a gross annual income of $15,590 and a projected net operating income of $10,443.

RealtyeVest is a real estate crowdfunding company that offers investors the opportunity to capitalize on residential, multifamily and on-trend properties across the United States.

Jacksonville is listed No.1 in Trulia’s “10 Hottest Real Estate Markets to Watch in 2017” due to its growing job market. Jacksonville posted a 3.8 percent job growth in 2016, making it one of the top markets for employment in Florida. Trulia noted a heavy influx of citizens contributing to the city’s very high ratio of inbound home searches versus outbound searches from locals wanting to leave. These factors show a trend toward long-term stability in addition to great schools, fantastic weather and a close proximity to the Atlantic Ocean.

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IHT Realty: One Man’s Plan to Grow Affordable Housing by Crowdfunding

IHT Realty Crowdfunding has rebranded itself as RealtyeVest.

JACKSONVILLE, Fla., March 21, 2017 — Park Place Communities (PPC) is taking a major step toward growing the stock of affordable homes in the United States.

PPC, a national real estate investment company that specializes in affordable housing, is seeking $1 million in capital to facilitate a large-scale affordable home project.

The company plans to take existing mobile homes, renovate them and sell them to qualified buyers using five-year amortized mortgages. The buyer will make monthly payments for five years at 12 percent.

“This allows buyers to purchase the mobile home for about the same monthly cost of renting,” said CEO Andrew Lanoie of Park Place Communities.

IHT Realty Crowdfunding, a real estate company that helps sponsors raise capital for their acquisitions, will be assisting PPC in securing funds as it looks to expand its operations and acquire an additional 15,000 to 20,000 mobile homes over the next few years.

“There is a huge demand for affordable housing right now and there are not enough parks to fill that void,” Lanoie said. Right now, there are roughly 50,000 affordable housing parks in the United States.

And with housing costs projected to rise by 5.4 percent from July 2016 to July 2017 — according to a study by CoreLogic Home Price Index — mobile homes are becoming a practical alternative.

“As the wage gap in the United States widens, there has been a shift towards lower paying jobs, which leads to an increase in demand for affordable housing,” Lanoie said.

According to the most recent report by the Social Security Administration, 36 percent of U.S. wage earners make less than $20,000 per year and 50 percent earn less than $30,000 per year.

“With 10,000 Baby Boomers retiring every day, 47 percent of which don’t have any retirement savings,  affordable houses are their last opportunity of home ownership,” said CEO Dan Summers of IHT Realty Crowdfunding.

PPC, a national Top 100 owner-operator of mobile home parks, currently owns 13 affordable housing parks in eight states with nearly 1,000 total homepads.

The company is looking for a $1 million mortgage pool to issue fixed-rate mortgages to buyers. It is offering a debt investment opportunity secured by a first lien, which is also backed by a corporate guarantee with a 10 percent interest rate paid to investors.

The first step will be to renovate more than 125 units, Lanoie said.

Contrary to popular belief, mobile homes are not really mobile. It costs over $3,000 for a resident to move their home out of a park, Lanoie said, which is the reason 98 percent of mobile homes will remain in the same location.

“Mobile home parks are one of the most stable and predictable investments during a recession and recovery,” Lanoie said.

RealtyeVest is a real estate crowdfunding company that offers investors the opportunity to capitalize on residential, multifamily and on-trend properties across the United States.

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Why Assisted Living Is the New Investment Opportunity of 2017

IHT Realty Crowdfunding has rebranded itself as RealtyeVest.

Assisted living has recently become a desirable asset for many new and experienced investors.

With waves of Baby Boomers reaching retirement, assisted living is rapidly moving into the spotlight of real estate investing.

It’s no surprise that the target demographic for the business platform has grown exponentially, with more than 10,000 Baby Boomers hitting 65 every day until 2030, according to a study by The Pew Research Center.

The study found that 76 million people were born in the U.S. between 1946 and 1964. If you factor in the influx of immigrants and the amount of people who passed away during that same period, there are about 79.6 million seniors in the United States. If you divide that number by 19 years and then again by 365 days, you’ll find there are about 11,476 Boomers turning 65 each day.

All the same, over the next 20 years, the amount of seniors moving into assisted living homes is projected to rise. This is expected to increase demand for assisted living services and facilities, and provide an exciting opportunity for entrepreneurs and on-trend investors.

In a blog post on Tony Robbins’ website, Ajay Gupta, Robbins’ personal advisor, lists senior housing as the No.2 safest place to invest right now — “meaning they’re not as susceptible to the fluctuations in economic conditions,” Gupta said.

“We are currently facing the largest demographic shift we’ve ever seen — a tidal wave of demographic inevitability as Baby Boomers reach their Golden Years,” the article said.

Today, there are 45 million Americans that are 65 years or older  — a number that is projected to grow to 80 million over the next 25 years.  And with life expectancy continuing to increase, seniors will have to decide where to spend their remaining twenty or more years.

“It doesn’t matter if interest rates go up or down, it doesn’t matter who the President of the United States is, or what is happening in China or Greece; every single day, 12,000 Americans are turning 65 years old,” Gupta said. So, if you can own real estate that is catering towards this demographic, you are almost guaranteed (high) occupancy over the next 25 years.”

RealtyeVest is a real estate crowdfunding company that offers investors the opportunity to capitalize on residential, multifamily and on-trend properties across the United States.

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The Best Self Directed IRAs for Real Estate Investing

Today, real estate is considered one of the most popular forms of investing in with a self-directed IRA. This is because it is a simple way for investors to grow their personal wealth and diversify their portfolios.

But when it comes to your retirement plan there are hundreds of self-directed IRA companies to choose from and making a decision can be difficult to say the least.

It’s best to think of an IRA as a trust and the custodian as a trustee, so when making an investment the trustee is the one who actually carries out the transaction.

Important Rules to Know  

First, it is important to know that your IRA is the owner of the property so the title of the asset must be in the name of the IRA administrator.

Second, you’re not allowed to invest in a property for personal use. This means that the real estate you’re purchasing using your IRA is for investment purposes only. In addition, you must be careful you are not doing business with “disqualified parties,” such as your spouse or family members.

Third, since the IRA is the owner of the property it must pay the bills and collect the income. For instance, if the investment is in a rental property than all rental income should return to your IRA account. Also, any bill payments including property taxes or renovations must be paid with the cash in your IRA.

How to Start Investing in Real Estate 

  1. You’ll need to set up a self-directed IRA account with one of the companies listed below we have provided a short self-directed IRA review for each of the custodians.
  2. Fund the account by either making a contribution, transfer or rolling over your funds from an old 401k, 403b or pension plan.
  3. Select the real estate investment you want to purchase and one of the companies will guide you through the process.

Best Self Directed IRA Companies 

Advanta IRA Review

Advanta IRA is a self-directed IRA retirement plan custodian serving clients nationwide. Advanta provides their clients exceptional personal service, experience and knowledge that is paramount in administrating self-directed IRAs.  Advanta IRA allows their clients to take full control of their investment retirement plan as well as provided education on using their retirement plan to grow wealth through providing helpful webinars, alternative investments and support.  Advanta has been providing self-directed IRA services for over 20 years.

CamaPlan IRA Review

A CamaPlan self-directed IRA account is the faster, safer way to true financial freedom. Grow your wealth and secure your future by deciding what types of investments you want to hold in your individual account.  Camaplan IRA provides exceptional service to its clients while allowing Self-directed IRA holders the freedom to grow their retirement plans as they see fit. CamaPlan considers itself in a “unique position of being a nimble, responsive player among the larger financial firms that are beginning to enter the self-directed IRA market.”

NuView IRA Review

NuView IRA joins several organizations to better service the community, including investor clubs, professional associations for attorneys and tax planners and the Better Business Bureau. NuView IRA has over 10 years of experience managing self-directed IRA accounts.  They are highly recognized among the industry leaders of self-directed IRA custodians.

New Direction IRA Review

New Direction is a trusted provider of Custodial and Administrative services for traditional and Roth IRAs, HSAs and other tax advantaged plans. Physical custody and administrative oversight in provided by Mainstar, in Kansas. The office of the State Bank Commissioners of Kansas regulates Mainstar and its oversight extends to New Direction’s accounts. New Direction IRA custodian is a growing company.  They have managed millions of dollars in their client’s assets, and are eager to help clients find new and exciting opportunities to invest their self-directed IRA

As you can see, any of these provides would be a good choice if you choose to start investing in real estate using a self-directed IRA account.  Defining the best self-directed IRA custodian would be a hard task unless you signed up and starting investing.  Before you select any of the above IRA custodian, be sure to get them to disclose their fee of service.

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