Second Home Buyers Who are Looking to Auctions for Good Deals on Luxury Homes are in Need of Pre-planned Financing
The housing market is changing and those who are looking for a good deal on a second home are giving auctions a try. Sum Total Financial Management can help by using IRA or 401K funds to provide additional resources to help in funding the financing. This program can be set up prior to finding the perfect home. When the dream home is on the auction block, and there is a frenzy around the sale, action by the investor can be taken immediately knowing they have personally arranged for the financing and that IRA or 401-k funds may be accessed to help pay for them.
(PRWEB) September 27, 2006 -- As reported by The Wall Street Journal on line, “Auctions of residential real estate in the US totaled $14.2 billion last year, up 8.4% from 2004, according to the national Auctioneers Association, a trade group.” With homes being put up on the auction block more frequently now, the need for speed when it comes to financing is growing as well. Sum Total Financial Management has the perfect program for investors and second home buyers looking to benefit from this opportunity. Sum Total will use IRS acceptable methods to set up a “low risk” / “no risk” IRA that investors can use to pay a mortgage, before even finding the new home. This inspired new program allows for property ownership “outside” of an IRA while using funds from an IRA to pay for it. This means the property is available to be used and enjoyed rather than held as an investment only.
Traditionally, one can use an IRA to purchase property. However, when the property is purchased “inside” the IRA it cannot be enjoyed or occupied by the investor. Second home buyers want to enjoy their investment, even if it is only on a part time basis. With Sum Total Financial Management’s program, the buyer can occupy the home, rent the home or use it for both, a vacation home and a money making rental property. An IRA can pay for, or assist in purchasing property. Not all IRA/real estate programs can offer the owner the ability to occupy to the property.
Terry Treudt, of Sum Total Financial Management, has been helping investors nationwide use retirement funds to legally and safely buy real estate, even before retirement. Sum Total Financial has done the research and can help navigate the legislative requirements and the IRA tax laws that can encumber many investors. Contact Sum Total Financial Management to learn more about this new program which allows one to pre-plan for the quick sale of a home at an auction where having available funds to help pay a mortgage is necessary to purchase. Let your IRA be your “partner” and finance a real estate purchase “outside” of a current IRA, while, at the same time allowing one to hold title to the property.
For additional information on this new program, contact Terry Treudt with Sum Total Financial Management, Inc. or visit http://usirarealestate.com.
About Sum Total financial Management, Inc.:
Sum Total Financial Management, Inc. has been serving people across the country since 1990. Headquartered in the Chicago Metropolitan area, our client base is a broad one including large and small business enterprises as well as individuals interested in their financial well being.
Contact:
Terry R. Treudt
Sum Total Financial Management, Inc.
2631 Gingerwoods Parkway; Suite 101
Aurora, IL 60502
866-654-7200
http://usirarealestate.com
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