"Now, people can turn to their retirement funds – an IRA or 401k – to buy investment real estate at deep discounts” says Allen.
Kansas City, MO (PRWEB) June 07, 2011
Banker and author Matt Allen has a solution for nervous investors who are watching their retirement savings spiral down the drain. Recover your nest egg by buying real estate with your IRA.
His new book, "Leverage Your IRA – Maximize Your Profits with Real Estate", teaches investors and financial professionals how to buy investment property with a down payment from IRA funds. He also explains how the IRA, which owns the investment, can secure a mortgage loan. A credit report is not necessary, because loan approval is based on the property, the property’s positive cash flow and the IRA account for the down payment and reserves.
Buy deeply discounted properties
“Investors want to take advantage of the plunging real estate prices,” says Allen. “But limited access to mortgage money has been a problem. Now, people can turn to their retirement funds – an IRA or 401k – to buy investment real estate at deep discounts.”
When Boston-based entrepreneur Mark Kilduff discovered he could take his IRA into his own hands and invest in property he said, “This little-known gem has literally saved my retirement.”
Although just 4% of IRA funds are self-directed today, Kilduff’s story explains why the number is growing. “I've tried 12 brokers in 26 years,” he says. “They all were wrong! I lost so much of my retirement savings I felt let down and angry. Once I heard about self-directed IRAs, I changed my entire way of investing. Now, it's projected to make between 15-24% annually, regardless of an up, down or sideways market.”
How to rescue retirement
Matt Allen wrote "Leverage Your IRA - Maximize Your Profits with Real Estate" to help investors regain the lifestyle they were expecting at retirement. The guidebook includes:
- How to leverage your IRA to buy a retirement home or investment property
- What is a non-recourse mortgage loan and how to get one
- How to profit from foreclosures and short sales
- What your stockbroker doesn’t want you to know about your IRA
Learn more and order the book at http://iralendingblog.com/.
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About Matt Allen
Matt Allen is a nationally recognized speaker and author on the subject of IRA non-recourse loans. He appears on radio shows such as "Moneyline with Peter Newman" and writes regularly for national publications on self-directed IRAs and non-recourse loans. He co-authored "Leverage Your IRA - Maximize Your Profits with Real Estate" with Tom Anderson, president of the Retirement Industry Trust Association.
Allen is Director of IRA Lending at North American Savings Bank, FSB. The company has more than $1.5 billion in assets and has been based in Kansas City, MO since 1927.