RISMEDIA, May 2008 -- Despite the shakeup in many sectors of the mortgage industry, demand for real estate financing will remain strong through the third quarter of 2008, according to the Mortgage Bankers Association's February "Mortgage Finance Forecast." With lenders tightening restrictions, individual investors are using their self-directed retirement accounts to bridge the financing gap.
Realtor Bob Law has been growing his retirement account this way for 31 years, making him a self-directed forerunner. "Because you have a lot of flexibility with IRA self-direction, you can do things that make sense but might not fit into a lender's square peg," said Law, a broker for The Meadows Group's Tigard, Oregon, office and a past member of the Washington County Board of Realtor's Ethics Committee.
Law uses his Keogh plan....
To discover how he does it, read the rest of my article released today by RIS Media, publishers of "Real Estate Magazine."
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Comments: 8
However, now with cheap seconds it hasn't been all that great. But now it's looking like there might be a comeback for private investments for seconds on homes. Just make sure that you get access to the title in default.
Being able to post comments on the article would be nice...especially since mine would have been filled with such free-flowing praise.
...but I did what I could, and rated it (5 stars).
Keep up the good work educating us po' folk!
Meanwhile, I understand that there is a way to comment on individual articles. However, it does require a simple site registration (first and last names, e-mail address, and a selected user name). I'm just delighted to hear that you would have left a positive comment had you seen this option. Thank you again.