Bubble Bursting Real Estate Market November 27, 2007
Posted by in : Education, Money, Real Estate, Uncategorized , add a commentWARNING!! WARNING!! WARNING!!
REAL ESTATE BUBBLE HAS BURST
Wow, have I heard that enough times. It’s like Oprah Winfrey saying “You go girl!” Some things we have heard enough. So much has been said in the electronic and print media about this terrible downturn in the real estate market that it has investors all over the country wondering where to put their money. The stock market continues to be volatile and now the last harbor for investing safely, real estate, is under attack. Where to go?
Well, whether you know it or not, there were winners in the stock market crash earlier this century. Not every stock failed. The same is true of the “Bubble Bursting Real Estate Market.” Not only are the failures in the real estate market regional, but it is product specific (single family homes vs. commercial real estate). When you look at the real estate market in
Commercial ventures are still going strong. We are still able to borrow from the banks at 6-7% and are still making good money with commercial investments. The key is and has always been, due diligence. Find the low hanging fruit. You can’t do that in the residential or commercial markets by sticking to one geographic area. As you know, we have the advantage of having a network of product suppliers (Real Estate Brokers) through out the U.S. that are continually supplying us with prime properties. Even then we are carefully sifting the wheat from the chaff. In any given year we will look at one to two thousand properties.
By opening up our investment area to all of the United States we have much more to choose from that the traditional investor. IRA Resource Associates, Inc.’s strategy is to find product that will provide the benefits (cash flow/appreciation) we require and then look at the surrounding economics to see if the property will withstand any downturn in the market. We don’t try to ride up markets. Our properties are required to stand alone and be profitable through any market swings.
Even for those of you that continue to be interested in residential markets the opportunities for making profits have never been greater. Those of you that bought at the top of the market know what I mean. Now is the time to invest in real estate and stabilize your portfolios. Try it on your own or have us assist. Our minimum annual return is 12% and has been since 1986. We have three asset classes for IRA and discretionary investing; Wealth
Call 360-834-6689 or go to http://www.iraresource.com for more information.
The IRA Wealth Blog is Up. August 7, 2007
Posted by in : IRA , add a commentI am Patrick W. Rice “Pat” and started investing IRAs in real estate 12 years after they were first allowed. They were allowed in 1974 and I started in 1986. When will you start? My first book IRA Wealth, Revolutionary IRA Strategies for Real Estate Investment, was published in 2003 by Square One Publishers and is quite the hit. Since that time I have been busy finding appropriate investments for my clients as well as speaking on the subject nationally attempting to get the ground swell going. 3.7 trillion dollars ($3,700,000,000,000) in IRAs in the country and the vast majority of the account holders still don’t realize they can be investing in the investment that made the founders of this great nation rich–Real Estate. It is my hope that this blog helps all IRA investors know their options. It will be my challenge to answer your questions promptly and with sound information. As I do in my speaking engagements, If you ask me a question that I can’t answer, I will send you my book for free.
IRA Wealth, second addition, by Patrick W. Rice July 19, 2007
Posted by in : Education , add a commentFinally, I have finished re-writing the IRA Wealth book to update it with numbers from 2007. It will be out by the end of the month. I am currently working on another advanced book that should be out by year end. We are still doing speaking engagements around the country so check my web site and PENSCO’s web site for dates. If you would like to have me speak to your group contact Lori@iraresource.com.
IRA Wealth’ can help you April 7, 2007
Posted by in : Education, IRA Investing, Money , add a commentListen to a current podcast on PENSCO Trust Companys website, of an interview with one of their clients explaining how PENSCO Trust Company and the book, IRA Wealth, by Patrick W. Rice helped this particular client invest in a business using IRA money, and in turn, helped his clients do the same.
How do you learn more? Easy…just log onto PENSCO website at www.PENSCOTrust.com where you will find a wealth of information. Be sure to visit the E-Book on PENSCO’s home page. Also, pick up the book that started it all, ‘IRA Wealth, Revolutionary IRA Strageties for Real Estate Investment’ by Patrick W. Rice. This book will give you the foundation of knowledge you will need to take control of your IRA and invest in real estate products.
We would love to hear more success stories!
Investments Wanted for IRA Wealth and Income March 28, 2007
Posted by in : IRA Investing, Money, Real Estate , add a commentWe are always in search of the following products in which to invest.
We buy existing paper secured by real estate up to $500,000.00.
We loan on real estate. Our loans are limited to 50% of the value on land and 65% of the value of improved property. Typically our loans on real estate are interest only and are for a period of not longer than three years.
We are always looking for good investments in which to partner. You can go to our website www.iraresource.com and view some of the joint ventures we have done in the past. Our criterion is broken down into three specific categories: Wealth Building, Income and Wealth, and Income Producing. Our typical involvement in these type of projects is between $500,000 and $3,000,000.
A typical example of Wealth Building is a land development project that has reached or is about to reach final approval. We provide the equity money needed to finance the project from the bank and share in the profit from sale.
An income and wealth project may be a build-out of a small shopping center or office building. We also provide equity money and then share in the income when the property is producing income as well as a position in the equity portion of the property on sale.
An income project will be one that has good cash flow and will support our investment. Examples are an apartment building that was purchased for mostly cash that needed rehab. The cash flow went to our investment in the property and the joint venture partners cleaned the building up and resold it retaining the equity portion.
If you have or know a good project, note, lending opportunity or other real estate investment in need of cash give us a call to discuss the opportunities we provide. Call Lori Eidman, General Manager of IRA Resource Associates, Inc., or Pat Rice at (360) 834-6689 or lori@iraresource.com and pat@iraresource.com.
IRA Retirement Investing — Patrick Rice January 19, 2007
Posted by in : IRA Investing, Money, Real Estate , add a commentIRA Real Estate investing has not been a popular term until recent
years. Most people think they can only invest their IRAs in stocks and
CDs, however, few knew there was an alternative IRA investing option,
which offered both safety and growth. That alternative is real
estate. It is perfectly legal to have real estate investments in an
IRA account.
Patrick Rice’s book IRA Wealth shares his moneymaking strategies with its readers. By reading it, you’ll learn how to:
- Turn your old IRA into a self-directed account that puts you in charge.
- Buy income-producing properties, from rental houses to commercial buildings.
- Purchase high-yielding real estate-backed notes.
- Buy your dream retirement home now.
- Loan money to family and friends while building your IRA.
- Form limited liability companies that multiply your investment power.
- Buy yourself a thriving business - or a great job.
- Reduce your risks while boosting your returns.
It’s a must read book!