THIS IS FROM TOM LUNDSTEDT CCIM TOMLUNDSTEDT.COM a truly terrific teacher, speaker, and real estate investor. He knows what he is doing – - – In addition to teaching a course in the prestigious National Association of Realtor’s GRI Program he teaches to other groups, consults and offers a complete set of instructional books and cds.
A SHORT, MIDDLE-AGED WOMAN wearing red glasses came up tome after one of my real estate seminars. She seemed shy and hesitant, but she’d listened intently and taken lots of notes during the class. She told me her name was Norma and proceeded to ask me several good questions about real estate investing. She happened to mention she had $200,000 in her retirement account.When I congratulated her, she said, “Don’t be impressed. I had $300,000 a few years ago!”
Her retirement account, like many others, had suffered as a result of investment choices. Norma went onto tell me she wished she had bought real estate instead of “investing in an IRA.” She was amazed when I told her she could have her cake and eat it too- or rather, have her IRA and real estate too! Let me explain.First and foremost: A retirement account (traditional IRA, Roth IRA,SIMPLE IRA, SEP, Keogh, 401k, etc.) is not an investment! It’s simply a special account that holds your investments. It can hold many types of investments, such as mutual funds, stocks, bonds, and … drum roll,please: real estate! [Read more...]
