Getting Started with Self-Directed IRAs February 2014 Webinars

How to Register: click here

Location: Since these are webinars, you can attend from anywhere as long as you have a computer and a phone or alternatively a computer with speakers.

Details:

Have you ever looked at your retirement account statements and thought, “At this rate, I will NEVER be able to retire.” Come join us for an information packed webinar to learn how you can take control of your financial future by “Self-Directing” your IRA or 401k.

In this webinar we will explain:

Why most Americans are not on track to retire.

What is a Self-Directed IRA/401k?

How to UNLEASH your IRA or 401k to invest in what you UNDERSTAND.

The process to make an investment with your Self-Directed IRA/401k.

Strategies that clients are using to get quality returns.

How to Register:  click here

How to Be a Successful Real Estate Business Based Private Lender

Sean McKay, Senior Vice President at American IRA, and Eric Kindberg, Attorney at Law, will be presenting this joint webinar.

Click here to register for this free webinar.

Date: February 26th, 2014

Time: 7:00 p.m.

Details:

Join this webinar to learn “How to be a successful real estate business based private lender.”

1. Definitions: Consumer vs Commercial Lender

2. What Do You Want to Be?

3. Time involvement

4. Expand from what you know

5. Case Study:  Frank the retired NYC Plumber

            a. What’s he want to be

            b. Time

            c. Level of Ignorance

            d. Making Choices

            e. Making the Deal

                        i. Check out Bob

                        ii. Check out the Property

                                    1. Physically

                                    2. Fiscally

                        iii. Check out the Purchase Contract

                        iv.  Check out the Numbers

            f. Do You Have Any Doubts?

            g. Protect Yourself at Closing.

            h. Protect Yourself After the Closing.

            i.  When Things Go Wrong

            j.  Your Backup Plan

                        i.  Short Term

                        ii. Medium Term

                        iii. Long Term

Click here to register for this free webinar.

J. Eric Kindberg Bio:

REAL ESTATE ATTORNEY, REAL ESTATE INVESTOR, REAL ESTATE BUILDER, REAL ESTATE BROKER,  Eric Kindberg just likes to play in the dirt.  He passed the South Carolina bar in 1975, after graduating from USC, obtained his Real Estate Broker license soon thereafter, and purchased his first rental property in 1977, in Greenville, SC.  Fifteen years later, he moved to North Carolina, passed the NC Bar, and has practiced law, played with rental property, been a private lender, run a general construction company, and generally had a good time ever since.

His law practice concentrates in two areas:

First, he emphasizes investment real estate, investment real estate borrowers, and private lenders.  How to buy’em, how to fix’em, , how to hold’em, how to sell’em and how to lend money on’em.  All while staying as legal and as protected as possible.

Second, his practice concentrates on protecting and transferring accumulated wealth via Wills, Trusts, POAs, skillful Estate Administration, and the proper use of corporations, LLC’s, land trusts and other created entities.

Eric is also the Executive Director of the Carolina Private Lender Association.

He may be reached at Eric@LawCarolinas.com or Eric@MyCPLA.org or directly at 704-507-6444.

Metrolina REIA Lunch Group

Metrolina Real Estate Investors Association Logo

 

 

 

 

Sean McKay, Senior Vice President at American IRA, LLC, will be attending this event.

Event Location: Café South (Arrowood Road off I-77)

Address: 7901 Forest Pine Drive, Charlotte, NC

Date: 2/5/2014

Time: 12:00PM

Details:

The Metrolina REIA Lunch group meets on the 1st (or 2nd if a holiday week) Wednesday of every month. We schedule a different well-known local investor as a guest speaker each meeting. These speakers will give information that can help you get started; keep it going or a different point of view.  Bring your questions or deals you are working on or need help.

For more information or to get on our email list, Email Tony@LibertyHomeCharlotte.com or call 704 953-3754

Cost: Cost of lunch.

 

Atlanta REIA Main Monthly Meeting February 2014

Atlanta REIA (Real Estate Investors Association) Logo

 

 

 

 

 

 

Jim Hitt, CEO at American IRA, LLC, will be attending this event.

Atlanta REIA Main Monthly Meeting February 2014

Event Location: Crowne Plaza Ravinia Hotel

Address: 4355 Ashford Dunwoody Road, Atlanta, GA 30346

Date: 2/3/2014

Meeting Agenda:

5:00 – 6:00PM Networking & Vendor Trade Show in Lobby

6:00 – 6:45PM Haves & Wants Speed Marketing Session

6:45 – 7:10PM Announcements, Mini-Sessions, etc.

7:10 – 7:25PM Networking Break

7:25 – 7:30PM Giveaways & Door Prizes

7:30 – 9:00PM Main Speaker Session

9:00PM Late Nite Networking at the Tilted Kilt Perimeter (1155 Mt Vernon Highway, Atlanta, GA 30338)

Description:

Join us at Atlanta REIA on Monday, February 3rd with mobile real estate expert Don DeRosa who will teach you how to MAKE MONEY ON THE GO using your iPad, Windows or Android Tablet or smart phone!

Come out of the Dark Ages and into the light of SUCCESS! BE A MOBILE REAL ESTATE ROCKSTAR INVESTOR!

Do you have a an iPad, Windows Tablet, or Android that you’re using for Candy Crush or Words with Friends, maybe email, a research tool and game station for your kids?

This 90 minute event will change your mind about how you manage your real estate investing business. We all have busy, busy lives, other jobs, kids, pets and much more; don’t forget we all want leisure time too. You can save 45 minutes of every hour you spend running your Real Estate investment business by doing it electronically on your iPad, Windows or Android Tablet or smart phone.

Be the most effective, competitive, profitable investor you can be! In 90 minutes, Don will show you how to…

  • Carry your business with you so you never miss an opportunity!
  • Route calls right from your device to your answering service, Title Company and others.
  • Lose all those paper receipts! Use electronic receipts for your taxes, for your contractor, track your expenses!
  • Send the sale contract to the lawyer for title search while you’re still at the seller’s home.
  • Keep all your data in one place, each deal will have its own file with pictures of the property, offers you’ve made, comments, contact information for the deal and much more.
  • Give the seller your e-card right on the spot!
  • So many tips and tricks you’ll wonder why you have not been doing this all along!

So come join Don and the rest of us at the Atlanta REIA Meeting on Monday, Feb 3rd at 5PM at the Crowne Plaza Ravinia Hotel located at 4355 Ashford Dunwoody Road in Atlanta, GA and learn how to use mobile technology for fun and profit!

Cost: Free for Members, $15 for Guests (Guests can RSVP online)

Coastal Carolina Real Estate Investors Association Monthly Meeting February 2014

Event Location: New Hanover County Executive Development Center

Address: 1241 Military Cutoff Road, Wilmington, NC 28405

Date: 2/13/2014

Monthly Meeting Agenda (subject to change depending on program):

6:00 – 6:20PM Registration and Networking

6:20 – 6:35PM Disclosures and Introductions

6:35 – 7:00PM Corporate Sponsors/Vendors; Marketing Session – Deals on investment properties!

7:15 – 8:30PM Feature Speaker

8:30 – 9:00PM Networking

Cost: Free for Members & Full Time Students w/ID, $15 for Non-Members

Metrolina REIA Main Monthly Meeting February 2014

Metrolina Real Estate Investors Association Logo

 

 

 

 

Event Location: Hilton Hotel

Address: 5624 Westpark Drive, Charlotte, NC 28217

Date: 2/20/2014

Time: 6:00PM to 9:30PM

Details:

Duncan Wierman, a.ka. “Mr. Lead Generation” is going to share with you how to cash in on today’s current Real Estate market conditions for maximum profit!

This is a RARE opportunity to hear a master marketing expert and investor reveal how he has succeeded in the online field of “virtual” real estate investing.

Duncan has only revealed his secrets to his personal mentoring students which allowed them, almost *magically*, to make a fortune buying and selling real estate online!

Real Estate Investing for the 21 century…

Forget investing the old fashioned way. Let technology do the heavy lifting! Today, savvy investors are using cell phones and laptops to rake in a bundle.

“You Too Can Make Huge Profits In Today’s Real Estate Market By Combining Real Estate, and The Power Of The Internet

Here is a list of some of the things you will learn:

  • How to earn unlimited income by working just 3-5 hours each week
  • Have motivated sellers and hungry buyers coming to YOU instead of spending hours and the people to buy them
  • Use the Internet as a tool that will do 93% of your work
  • Use the exclusive software that I’ve developed to effortlessly generate massive profits on every transaction
  • How to literally flip deals from seller to buyer in as little as 2 hours.
  • Have hundreds of investor/buyers knocking on your door in as little as 2 weeks after you start using my system.
  • How you can negotiate deals at home and in your spare time.
  • How you can FLIP Foreclosures with NO credit, No money down, and NO risk to you or your personal finances.
  • How you can flip a property ANYWHERE, even if that property is 2000 miles away.
  • How you can run your entire business from your home computer VIRTUALLY!

Cost:

This event requires payment at the event.

Members Free

Non-Member $15

CREIA Monthly Meeting February 2014

Vicki Gehring, from American IRA, LLC, will be attending this event.

Event Location: Asheville-Buncombe Technical Community College – Enka Campus

Address: 1459 Sand Hill Road, Candler, NC 28715

Date: 2/10/2014

Time: 6:00PM to 9:00PM

Details:

To be announced soon

Event Leaders:

William and Lynelle Goacher

Cost: Free for members, $15 for guests or $20 for couples

 

Upstate CREIA February Monthly Meeting

Upstate CREIA Logo

 

 

 

 

Sean McKay, Senior Vice President at American IRA, LLC, will be attending this event.

Event Location: Embassy Suites

Address: 670 Verdae Blvd, Greenville, SC 29607

Date: 2/17/2014

Time: 6:00PM Coffee & Networking  – 7:00PM Meeting Starts

Details:

To be announced soon

Event Leader:

Kathy Malcolm

Cost: Free for members, $15 for guests

Advanced Real Estate Concepts – Advanced Class

Date: TBD

Location: American IRA – Charlotte, NC Office

Address: 15720 John J. Delaney Drive, Suite 300, Charlotte, NC 28277

Time: TBD

Details:

In this class you will learn about some of the advanced tools investors are using including:

  • LLC’s
  • Options
  • Wrapping Mortgages
  • Partials
  • And more…

Cost: Free

Playing Catch Up With Your Self-Directed IRA Savings

self-directed IRAs, self-directed IRA, self-directed Roth IRA, self-directed 401(k)According to a recent study, only 28% of respondents are on track or have achieved their goals for their retirement savings. If you fall within the 72% of individuals who are not on track, you can combine your expertise in real estate along with “catch-up” contributions to get you back on track. Depending on your age and your desired retirement date, including the following in your catch-up process can help you to increase the money in your retirement account thus increasing the capital that you have available to invest in real estate with your Self-Directed IRA.

Use the Catch-Up Provision for Self-Directed IRAs

If you are at least age 50 by the end of the year, you are eligible to contribute amounts above the regular contribution limits, providing your contributions do not exceed your eligible income for the year. These amounts are referred to as catch-up contributions. The following are the types of catch-up contributions available:

  • $1,000 to traditional and/or Roth IRAs: This can be split between your Roth IRA and your traditional IRA, or contributed to one of the two. This is in addition to your regular $5,000 contribution limit.
  • $5,500 to 401(k) and 403(b): This can be split between your 401(k), 403(b), Thrift Savings and SIMPLE IRA plans (For SIMPLE IRAs, the limit is $2,500).

If you are eligible to contribute the maximum catch-up amounts to both IRAs and 401(k)/403(b) accounts over a 20-year period, you could accumulate as much as $30,969 to your IRAs and $170,331 to your 401(k)/403(b) for a total of $201,300, assuming a 4% rate of return. This would be in addition to your regular contribution and any income earned by the real estate investments in your self-directed account.

Claim Tax Deductions and Tax Credits

Affordability is a common reason given by individuals who do not make contributions to retirement savings account. For these individuals, covering everyday expenses might seem to make it impossible to save for retirement. However, there are provisions that, if taken advantage of, soften the financial burden of contributing to a retirement account. These include:

  • The Saver’s Credit: The saver’s credit allows eligible individuals to receive a nonrefundable tax credit of up to $1,000 for contributions they make to IRAs and employer plans such as 401(k) and 403(b) plans.
  • Tax Deductions: Eligible individuals can claim tax deductions contributions they make to traditional IRAs.
  • Pretax Contributions: Salary deferral contributions can be made on a tax-deferred basis, which reduces the amount of income on which the individual pays income tax.

In all these cases, the cost of making the contribution is reduced by the tax benefit. While the reductions may not be dollar for dollar, they help to cushion the financial burden of funding the retirement account. If you are one of these individuals for whom affordability is an issue, these tax benefits could allow you to save more than you thought you could afford, if you meet the eligibility requirements.

Realistically Speaking

The explanations are intended to show that it is possible to play catch-up with your retirement savings, even if the rate of catch-up is only a percentage of the numbers used above. Consider too that the limits mentioned above are in effect for 2014, and could be increased in future years for cost of living adjustments.