RE Finance Options     

Real Estate Finance Options

Bank Finance

    There are no bank lenders that will finance land  purchases in this post-bust period. Sometimes a bank owner of foreclosed land will finance the purchase. 

Seller Finance

    About ten percent of sellers  are willing to finance the purchase of their property and I can help you find such sellers. As a buyer you need to be careful not to overpay  in order to get seller financing. Usually sellers want a downpayment of  20 percent and want a balloon payment after 3 to 5  years. Interest rates are negotiable but are usually at rate somewhat above bank rates. Everything about seller-financed deals is negotiable. 

Use Your IRA or Keogh Funds

     It is possible and relatively inexpensive to set up a self-directed IRA that you can use to invest your funds in real estate assets. I recommend that you read how to do this in "IRA Wealth" by Patrick W. Rice (available at www.Amazon.com ). These self directed plans allow you to keep complete control over your money and funds not invested in real estate are kept in the bank of your choice and you control the checkbook.

1031 Exchanges (Starker Exchanges)

     You can exchange one investment property for another through a 1031 Exchange and defer for an indefinite period the payment of capital gains taxes. There are even strategies to legally avoid ever paying capital gains taxes.  I  recommend that you investigate this option by visiting www.starker.com, a qualified intermediary. I'll be happy to work with you to successfully do a 1031 exchange.