Emily is a professional woman with an active business and is a very busy person. So busy in fact, she depends on her financial advisor to invest her hard-earned retirement savings with the hopes of compound wealth with safe, secure investments. Emily is lucky. So far, she has not lost a dime through her financial advisor.
However, not everyone is so lucky. Just last week, on the front page of the Courier Post, a newspaper published in New Jersey, (February 21, 2010) a story appeared about a recently-deceased financial planner, who had clients that are now missing money. The amount is currently at $5 million, and growing. Where did the money go? So far, there are about 20 clients involved and that number continues to expand. All of them, like us, could not afford to lose the money.
A pillar of society, this advisor put many of these people in Certificates of Deposit (CD) that were fraudulent. How do I know this? My mother was one of those people. It has now turned into a class action suit and a potential criminal investigation. Certainly, the claimants will not be receiving 100% return on principal. Additionally, it has cost them even more money to retain attorneys.
Why do I tell this story in an IRA publication? Because, all of us have the potential for a parent, child, friend, or others we know to fall prey to bad people. This is not to say every financial planner is bad, actually the majority are good.
Would these people involved in the lawsuit have been better off investing their retirement plans themselves? Though Emily has had success, she is allowing other people to vote on her money. With a
self-directed IRA or
Individual (k), people have the ability to “drive their own bus” to wealth. Yes, this takes work. Perhaps the perception is that since we as customers are not experts in whatever assets we consider for our retirement plan, we think we need a professional to guide us. In many cases that is true.
But, would we be better off having some accountability and control for investment decisions that are made? What is the worst that could happen? With
education and initiative, could we do a better job ourselves? With
Entrust as your self-directed IRA administrator, you have the ability to educate yourself on how self-directing works, the different types of assets that are available, and how to do this yourself with your IRA.
Paralysis is not a good thing. Sometimes, we need to be in control. Though my mother is over the age of making contributions in her IRA, she is learning how to control what she has and not allow others to vote on her money. We are now looking at real estate together, me for my IRA, and her for cash flow.
When you have a goal, can create a road map, are open to learning how to take care of yourself, and learn how to know and understand what you are investing in, you have a better chance to grow your wealth. Or, you can let others do this for you. The choice, of course, is yours!
By Lisa Bromma, Marketing Advisor for The Entrust Group
Reduce your current taxable income while helping build your nest egg for retirement. Make sure you fund your 2009 contributions to your Individual Retirement Plan before April 15th. You have until then to maximize this benefit which allows you to put more away today then ever before! You can also fund 2010 contributions. Start compounding more dollars tax-deferred or tax-free! Interested in learning more about self-directing your retirement plan to purchase real estate and other alternatives to the traditional investments? Visit us at at www.entrustcalifornia.com
to find a location near you. Entrust...educating investors on
self-directed retirement plans.
By Lisa Bromma, Marketing Advisor for The Entrust Group
The real estate investing climate is constantly changing. To help investors, Entrust California recently sponsored the sold-out IRA investing seminar, Real Estate from the Trenches. Joining Entrust’s CEO, Hubert Bromma, was Bruce Norris from The Norris Group. Bruce, a well-known futurist, spoke about what to look out for in real estate and lending in 2010. Bruce’s presentation generated many questions regarding how to invest in California in this market.
Hugh, an IRA expert with 30 years in the industry, spoke about the new Roth conversion rules for 2010 and how conversion might not be applicable to all. The audience learned about tax-deferred and tax-free strategies to compound wealth by using their individual retirement plans to invest in real estate and other real estate–related assets.
Learn more about Entrust California’s advanced IRA seminars, and stay tuned for our next event in May in Northern California.
By Lisa Bromma, Marketing Advisor for The Entrust Group
If you drive through neighborhoods in Southern California, you notice a repetitive theme: vacant houses! In Riverside County, where I live, you can barely find a street without at least one house that is vacant or boarded up.
The backlog of bank-owned properties is enormous. Many properties sit vacant and deteriorate while the banks decide how to best deal with all the volume and increased government demands.
Real estate investors are willing and capable of taking on this “as is” inventory. As redevelopment specialists, they obtain deep discounts on these homes that need extensive repairs and fix and sell them immediately, or fix and hold them in their real estate portfolio.
Conventional lending institutions like FHA and Bank of America limit financing to investors if they do not intend to live in the property. These investors are capable of buying, repairing, and owning many more properties than the current lending rules allow. This important lending niche is being filled by loan brokers, like The Norris Group, that fund these loan requests with private money every day.
At the upcoming meeting with Entrust, I look forward to speaking to you about the current state of California real estate, the need for more “redevelopment specialists,” and the important role that private money plays in helping real estate investors solve the current real estate mess.
You’ll learn about usury laws and how working with a broker can save you time and money by prescreening investors and potential deals. Most importantly, you’ll learn how you become an important part of the solution that helps create jobs, turns around blighted neighborhoods, and gets our market back on track.
By Bruce Norris, The Norris Group
Who is the best person to take care of your real estate investments?
YOU!
So, how do out-of-state investors ensure that their properties are being taking care of properly? Follow these seven easy techniques and you will become a PROACTIVE property manager, just like the real estate masters we feature in Realty411 Magazine.
1. Choose the Best Local Manager, Even If It Costs More
Some apartment building owners choose a property manager based on its fee. They will choose the cheapest company to save money. Many different spiritual doctrines teach us that our true reality is often times the opposite of what it might actually appear to be.
This is also the case in the area of business. Sometimes by paying more now, we actually save money in the long run. Good property managers are worth their fee, plus some! They have a difficult job, one that is filled with constant stress. Imagine, they have to hear it from the tenants and the owners. Tenants want new appliances, new carpet, and they don’t want their rent to increase. And owners hate to spend money. They want income to surpass expenses, and they want their rents to keep up and surpass the rate of inflation.
Great property managers are worth every penny they charge. Great property managers need to be treated with respect and should be admired and rewarded.
2. Communicate Effectively and Often
Many times, investors are hesitant to purchase long distance because they have an issue with trust. The gift of trust (it’s truly a blessing to be able to let go) is a quality that can be earned through effective communication. Don’t be afraid of asking questions.
Don’t be afraid to call and check up on things. It’s perfectly acceptable and recommended to call up every so often and check on how things are going. Just remember to be courteous enough not to call the first few days of every month because this is usually the period when everyone is being worn thin.
I also like to get to know the staff. Often the bookkeeper, assistant, or receptionist can give you a quick update without even having to check in with your property manager.
An out-of-state property manager is a trusted adviser who has a fiduciary duty to serve you, just like your attorney, your financial planner, or your accountant. You therefore must feel comfortable enough to trust their judgment. If you don’t have this level of confidence that I'm speaking of, perhaps you have not found the right property manager for you.
3. Have a Team or Network in Place
Make it a point to meet people when you visit your targeted investment location, initially and thereafter. When I know that one of my buildings needs some work, I schedule it when I visit so that I can meet my handymen in person. I also like to get numerous bids and meet as many locals as possible.
I enjoy socializing when I visit my targeted investment areas—I’m not one to stay holed up in my hotel room and order room service. The more people you meet, the better handle you can have on your property. If you can, I encourage people to try to attend a local real estate investing club to meet other investors. Other local investors make wonderful acquaintances because they understand the challenges and benefits of landlording.
I like to be able to know a few independent people who can visit my properties within short notice and email me photographs when needed. Great people to have in your network are realtors or brokers, inspectors, appraisers, insurance agents, and loan officers who live in the area. Local service professionals are excellent team sources. An investor should become friendly with them.
4. Audit Your Property Regularly
I feel it is important to visit your property as often as possible. Once a year is great. Remember: It’s a tax-deductible vacation!
Perhaps your investment is not in a resort location, but the money you make out of it could very well fund your true fantasy get-a-way in the near future. I know that people who work 9-to-5 jobs might not have the extra time to audit their property. That is why I think www.CashFlowCows.com is growing so rapidly, because we take regular trips to visit our own investments as well as those of our clients.
5. Emphasize Curb Appeal
Make sure that your properties are kept clean. If you are going to spend any money on your properties, a portion of it should be allocated to spruce up its curb appeal. This can really make a positive difference, not only in the value of the property, but it will also attract more desirable tenants.
Clean and tidy people gravitate toward well-kept properties. You will have a lot less deferred maintenance if you keep up the quality level of your buildings because it will automatically attract a different level of renter than a property that has trash spread about the yard or displays graffiti that has not been bothered to be painted over.
6. Take Action Now, Don’t Wait for Tomorrow
It’s important for those interested in owning real estate to realize that they themselves must take personal responsibility for their investments. For a person to thrive in life and in business, you must be proactive. You can’t wait around for things to happen to you. You must make things happen.
If you have a vacancy, don’t just wait around for it to get rented—take action. I have actually found tenants for my out-of-state properties by using the online Craigslist. The real estate portal of www.craigslist.org offers great resources for investors. Many of my investor and real estate colleagues have also located outstanding deals on this website.
The fastest way to find a tenant is through word of mouth. If your tenants are happy, they will alert their friends or family members when a unit nearby becomes available. This is why it’s important to have a well-kept property. I also recommend having someone post a For Lease sign as soon as you know a unit will become vacant.
Another proactive way to assisting your manager in procuring a tenant is to place an ad in the local paper. The Web has really revolutionized real estate investing. You can find local newspapers online in virtually any corner of the globe (www.newspapers.com) and quickly place an advertisement online.
When it’s more challenging to fill a vacancy quickly, I resort to “specials.” My manager in Arizona recommended a 1/2 Month’s Rent off Special, which worked very well.
I also like the Low Move-in Deposit Special and the Pets OK Apartment Special. Here is my proactive property management formula:
Sign + Advertisement + Craigslist + Specials = 100% Occupancy
Having all of your units fully occupied is the name of the game in the landlording business.
7. Have a Backup Plan
The scientific theory of entropy states that the natural order of our universe is chaos—that everything left unattended will begin to fall apart. Whatever we focus our attention on will grow; whatever we neglect will begin to demise. This theory can be seen in our every day life.
If you don’t pay attention to your finances, what happens? You begin to shop needlessly or overspend compulsively. If you don’t pay attention to your apartment buildings, what can happen? Tenants might not pay the rent, the building will have a lot of deferred maintenance, or perhaps even worse can happen.
It’s important to always have backup property managers, even if you are currently happy with the team you have, just in case. By utilizing these tips, investors can feel more confident when they are ready to expand their real estate portfolio by investing outside the comfort of their own backyard.
Remember: Opportunities for real estate riches can be found around the nation. In fact, around the world.
By Linda Pliagas, California sales agent, investor, and founder of Realty411 Magazine
Many successful investors have long lamented that they have not been able to take advantage of the Roth IRA. Many are sitting on significant traditional IRA funds that they have built up over the years or a rollover from an old employer’s pension plan. They are frustrated that these funds will be taxed when they withdraw them.
Ever since the Roth IRA became available in the late 1990s, there has been a $100,000 adjusted gross income (AGI) limit on converting traditional IRAs to Roth IRAs. That limit applied to both single and joint filers. For those wanting to make annual contributions to the Roth, their AGI had to be less than $120,000 (2009) if filing as single or $176,000 (2009) filing jointly to make any kind of contribution. These rules mean that many investors are denied Roth IRA accounts altogether.
Well, that’s changing. Back in 2006, Congress modified the law. Beginning in 2010, the $100,000 limit will be eliminated for converting a traditional IRA or other pension plan to a Roth IRA. That means even if your AGI is $5 million, you can still convert your traditional IRA to a Roth IRA! This is great news. And the 2010 conversion is not limited to just traditional IRAs. If you have old 401(k)s or other retirement plans from a previous employer, those can be converted as well.
Now that doesn’t mean you have to convert all your existing traditional IRA funds to a Roth. There are no limits on how much or little you can convert. You just choose how much you are willing to pay the taxes on, because whatever you convert is added to your ordinary income for income taxes.
Another big benefit of converting in 2010 is that for that one year, the income tax due on the conversion is not due until your 2011 and 2012 tax returns! That’s right: You can add 50% of your 2010 conversion amount to your 2011 income and 50% to your 2012 income for taxes. That little benefit is available only for conversions made in 2010. In other years, you will have to pay the taxes for the year that the conversion takes place.
Many of you that did not qualify to deduct traditional IRAs wisely still contributed to nondeductible IRAs over the years. Those can be converted without any tax on the initial, nondeductible contributions. You just pay tax on any earnings. This is what I have been doing since 2006 when this new law was passed.
Even if you don’t qualify to make Roth IRA contributions or traditional IRA contributions on a before-tax basis, you can still make after-tax contributions to a traditional IRA this year. Then you can convert those IRAs to Roth IRAs in 2010. And don’t forget you can also fund a non-working spouse’s IRA up to the $5,000 limit ($6,000 if age 50 or over).
Let’s look at some examples and the taxes owed. Remember, you only need to pay federal income taxes on the portion of the conversion that you haven’t already paid taxes on.
Example 1: Say you started to fund traditional IRAs back in 2006 and by 2010, you’ve got $20,000 in your account. For four years, you contributed $4,000 in nondeductible contributions—a total of $16,000. The remaining $4,000 is earnings on the account.
In this case, you would pay income taxes only on the $4,000 in earnings when you convert to a Roth IRA. That is the bad news. The good news is you’ll never have to pay income taxes on this account again.
Example 2: Same facts as above, but this time the contributions were deductible.Because you were able to deduct your contributions in the year you funded the IRA, when you convert the traditional IRA to a Roth IRA, you will owe income taxes on the entire account balance. In this case, you would have to pay income taxes on the entire $20,000 in your account.
Example 3: Here is a caution to be aware of when you have an existing traditional IRA (with tax-deductible contributions) and also a nondeductible IRA. Income tax rules require that a conversion is done on a pro-rata basis. Let’s assume you had $75,000 in a regular IRA and $25,000 in a nondeductible IRA.
If you wanted to convert $20,000 to a Roth, you’d owe taxes on $15,000, because the pro-rata share of your nondeductible contributions is only $5,000 ($20,000 x $25,000/$100,000).
The taxable portion of your conversion is calculated by first pooling all traditional, SEP, and SIMPLE contributions, and then calculating the overall percentage of tax-deferred funds. You pay taxes on that portion of your conversion as opposed to being able to designate that it’s just your nondeductible contributions that you’re rolling over.
Put another way, it’s not enough to set up a separate traditional IRA to hold your nondeductible contributions until you can make the conversion. You could convert just that one account, but for tax reporting, any other non-Roth IRAs you have must be factored in when figuring the taxable amount of the conversion, as in the example above.
OK, OK, some of you want to know if there is a workaround. Well, yes. You can roll your non-Roth IRAs into a non-IRA employer plan. You must check with your current employer about doing this with your 401(k). Be aware that many plans just plain don’t allow it (it was a recent change in the law that allowed this), and they cannot accept any nondeductible IRAs. Also, tying up these funds in your company’s 401(k) can significantly reduce your flexibility in their use.
Another, and better, approach if you have your own business is to open a Solo 401(k) and then roll your traditional IRAs into it. But not the nondeductible contributions—these you want to convert into the Roth account.
Advanced. Hum, there just might be another strategy here. Consider the person with an annual income of $200,000. This individual can’t make a regular contribution to a Roth IRA because his income is too high. But he can contribute to a nondeductible traditional IRA and then convert to a Roth under the new rules. Currently, there doesn’t appear to be any reason this cannot be done.
Dyches Boddiford is a full-time real estate investor who, along with Peter Fortunato, will be teaching a class on February 20 & 21, 2010 on using self-directed IRAs to invest in real estate. This weekend class will not only cover using your own IRA, but other people’s IRAs to invest in real estate using basic to advanced concepts.
By Dyches Boddiford, www.Assets101.com
The real estate entrepreneur is unique when it comes to estate planning. Few professionals know how to structure assets for optimal transfer to heirs or seek to determine exactly what would be best for heirs. The purpose of estate planning is to preserve as much of your wealth as possible for the intended beneficiaries. Your first thought, rightly so, is to minimize state and federal estate taxes. But there is also probate, attorney, and accountant expenses, among other issues that need consideration. And do your heirs have the ability to deal with the real property? Would it be better to leave them cash or an annuity instead?
Wills and trusts are two basic instruments used in estate planning. However, they have different purposes and can lead to very different outcomes. Wills must be “probated” by a court. This simply means that the court reviews the will to assure the assets go to those intended to get them. If there is no will, the state has a plan of its own that you probably won’t like.
A will can be challenged, which can lead to a lengthy and costly legal battle. Contested wills often can drain the majority of an estate in legal and other costs before settled. The trust is often touted as a substitute for a will to avoid probate. However, it is smart to use both a trust and a will. Since the trust exists and is operated by you during your life, its terms for distribution to heirs avoid the risk of a long, drawn out and expensive legal battle in most cases. The trust also provides for incapacity should you be laid up in the hospital even before your death. In that case, a co-trustee, such as your spouse, simple takes over and continues to operate the trust. No legal wrangles getting guardianship or issues over a durable power of attorney. Other common documents you should have are a Living Will and a Healthcare Power of Attorney.
To help reduce the size of your estate, you might also consider annual and lifetime gifts while you are alive. Charitable gift contributions in some cases can take advantage of immediate tax savings as well as future tax savings. One approach if your heirs have no interest in dealing with real estate is to form a Charitable Remainder Trust (CRT). You can remain trustee on this trust during your lifetime.
Appreciated property can be contributed to the CRT, providing you with an immediate tax deduction based on the appreciated value. The amount of tax saved can be used to purchase a single-pay life insurance policy to pay your heirs after you pass away. The amount of the insurance can often approach the projected value of the property. During your lifetime, property can be bought or sold in the CRT and the transactions are not taxable. In addition, you also receive an annual distribution from the CRT, often in the 5% range.
As a real estate investor, you should consider these issues and strategies as well as others. Other strategies that can be used are the Intentionally Defective Grantor Trust, the Pre-Inheritance Trust, Family Limited Partnership, and Family Limited Liability Company. These strategies and others can be very beneficial for the real estate investor in estate planning when properly used.
If you want to learn about these topics and others, attend the 16th Annual Advanced Strategies Conference, this year featuring Estate Planning for Real Estate Investors, January 30 & 31, 2010. More information can be found at www.Assets101.com.
By Dyches Boddiford, www.Assets101.com
General information referenced from the Department of the Treasury Internal Revenue Service (IRS) Publications, and Entrust Administration, Inc. (EAI) procedural requirements and updates.
From Entrust Compliance Corner
Required Minimum Distribution (RMD) – Internal Revenue Service.
Note: Although the Required Minimum Distributions have been waived for the year 2009, a temporary waiver has not been extended for the year 2010. However, a proposal for an extension has been submitted through legislation but has not been approved thus far (Savings Recovery Act 2009, H.R. 2021 & Retirement Account Distribution Improvement Act 2009). The approval or rejection of these bills introduced in congress will be monitored in order to properly inform account holders.
In addition, the temporary waiver of the 2009 RMD applies to distributions that are required to be removed by April 1, 2010 for individuals who reached 70 ½ in 2009. Nevertheless, 2010 RMD’s are required by December 31, 2010 unless otherwise indicated by the IRS.
- If an RMD is required from your IRA, the trustee, custodian, or issuer that held the IRA at the end of the preceding year must either report the amount of the RMD to you, or offer to calculate it for you. The report or offer must include the date by which the amount must be distributed. The report is due January 31 of the year in which the minimum distribution is required. It can be provided with the year-end fair market value statement that you normally get each year. No report is required for section 403(b) contracts (generally tax-sheltered annuities) or for IRAs of owners who have died.
- You are not required to take an RMD for 2009.
Procedure: How E.A.I adheres to IRS requirements for RMD reporting.
Year-end statements providing a description of assets and the accounts total value, 1099Rs reporting retirement distributions, and RMD letters reminding account holders who have reached age 70 ½ to take their required minimum distributions by year end and offering to provide information to assist in calculating RMDs are mailed to account holders by January 31 of each year.
By Derek Lewis, Compliance Officer
The rags-to-riches story of Luis Garg: builder, investor, wealth coach and Entrust client.
His mother didn't like it at all. The oldest of her six children wasn't content with being poor and humble. Luis was definitely not going to go to Heaven with this kind of an attitude.
"Mama, quiero ir a los Estados Unidos para ser rico," he was saying. "My son, what nonsense!" she interrupted. "You can't even speak English! How can you even think of going there, and besides, getting rich will take you straight to the Devil!" she exclaimed vehemently, and then added, "Leaving your Mama, and all of your brothers and sisters...nothing good will come of this!"
But 23-year old Luis was determined. He had already packed all of his belongings into his VW bug, fixed himself some tacos for the three-day drive, and borrowed a map showing him how to get from Mexico City to Los Angeles.
Luis had a goal: to get an MBA in the USA. There were just a few obstacles to be overcome. He needed to learn English, he needed a scholarship, and he needed a university to accept him, which the elite schools had refused to do, so far. UCLA was willing to take him under the two conditions: he had to learn English, and he had to pay his own tuition and room and board.
Having arrived in L.A., no one would give Luis a real job, so he started as a valet parker at the Trader Vic’s restaurant in the Beverly Hills Hilton Hotel. No salary, but he got to have dinner in the fancy restaurant after it closed. He was one of several valet parkers, and they would generally get about $1 per car.
Studying English during the day and working at night, he was making progress. But making just $10 or $20 per day was not enough to pay living expenses, send money home to Mexico, and afford the tuition for UCLA's MBA program. Then he noticed something. Once in a while he would catch the name of a restaurant patron in conversation with someone. When the guest came to ask for his car, and Luis addressed him or her by name, the tip would be $2 instead of $1. Luis quickly realized the importance of this fact.
He started a system to learn the name and car owned by every guest whose car he had the opportunity to park. He created a table in a little notebook that he carried in his pocket while at work. When he would first receive the car, he would check the glove compartment for the car insurance papers and write down the name of the owner in his table. Then he would add a description of the person and a description of their car. Whenever he had a free moment during the day, he would study his table and memorize the entries.
After a while, every guest who came out of the restaurant to have his car delivered would be greeted by Luis in a friendly, enthusiastic tone: "Oh yes, Mr. Watson! I'll have your gorgeous silver Mercedes out for you in just a minute!" After a few weeks of implementing the system, Luis started receiving tips of $5s, $10s, and $20s regularly, especially from return restaurant clients who enjoyed his personal service every time.
But it got better than that!
Guests who remembered him would start insisting on having him park or return their cars, choosing to wait for him rather than use one of the other available valets. On some days, there would be a long line of cars waiting for Luis at the restaurant entrance, while the other valets stood there idle!
Luis was happy, now making over $4,000 a month parking gorgeous, fancy cars and having luxurious dinners every night. Having learned English in several months of daily study, he now also started UCLA's MBA program. But the other valets were not happy. Although they had some idea of how much more money he was making, they were definitely making less than they had before! At some point, they complained to him. "We don't like this at all Luis. You are monopolizing the customers. This is not fair!"
Luis was creative, and he had an idea. He created another system.
"Listen, amigos. I have a proposal. I won't park cars any more. I will just speak to the guests as a kind of valet parking host and have you guys do the parking. I'll collect the tips and pay you $2 per car." The other valets were stunned: "Wow! That sounds great! We're in!" They got busy again, making twice what they had before. But Luis was the best off. He could take care of guests twice as fast now. While he made less money per car, he could now make more than $20 in the time he had previously made $5.
With almost $8,000 per month in income back in 1972, trading the VW for his first Porsche (used) and a year of UCLA under his belt, he was a very happy camper!
To his surprise, at around this time, his family in Mexico received a letter from Harvard in the mail, inviting him to join the MBA program because they needed to cover their minority quotas, but telling him that no scholarship would be available. Luis smiled. He didn't need a scholarship any more, did he?
After graduating from Harvard, Luis continued his fascinating journey of building systems in every aspect of his work. Every system created more wealth. And his mom, dad, siblings, and later, his nephews and nieces all got to enjoy the fruits of his labor. He takes the whole extended family on a Caribbean cruise once a year —all expenses paid!
Luis Garg is the presenter of our
November 19th webinar. If you'd like to learn from him and be entertained by his fascinating life stories in the process, sign up for the webinar now!
By Anushka Drescher, Your KaChing Marketing
Entrust California’s first Advanced IRA Investor workshop held in October was a huge success. Dyches Boddiford and Hugh Bromma presented valuable lessons about getting the real facts on LLCs and IRAs. Everyone stayed for a great networking event, and the participants gained the knowledge and decision-making skills to help them make the right choices for their particular situation.
There is an acute need for education that is relevant for today’s investor and in pace with today’s economy. Based on the positive response from participants, Entrust is offering another Advanced IRA Investor workshop in Los Angeles on Friday, January 22, 2010.
This workshop provides a great opportunity to kick off the new year by getting the information you need to meet your 2010 IRA investing goals and strategies. The workshop explores real estate lessons from the trenches and addresses a variety of topics, including:
- Advanced strategies for the real estate investor in the current market
- Real estate in California this year and beyond.
- Buying real estate, creating paper, and making private loans without getting burned
- 2010 Roth IRA conversions—learn what you can and cannot do with your IRA
Hubert Bromma, CEO of Entrust, will lead the workshop with Bruce Norris of The Norris Group. Bruce is an active investor, hard-money lender, and real estate educator with close to 30 years of experience. He has been involved in over 2,000 real estate transactions as a buyer, seller, builder, and money partner. Renowned for his ability to forecast long-term real estate market trends and timing, his 1997 report The California Comeback demonstrated his ability to understand market trends. In 2006, he issued The California Crash, an in-depth look into the California market correction and the statistics behind Bruce’s predictions. His latest report, Category 5, explains why he is not ready to call California Comeback 2 and what the real estate community should expect in the coming two years as the market continues its correction.
We are thrilled to have Bruce and Hugh together for this workshop. If you are a real estate investor who is looking for sophisticated strategies and IRA insights, put January 22 on your calendar. We hope to see you there.
Lisa Bromma
Marketing Consultant
P.S. To learn more about this workshop, visit www.entrustcalifornica.com/investor-workshop