Can an IRA borrow money to buy real estate?

Right now Fannie Mae still suffers tremendously in many ways from cranial-rectal inversion. Perhaps the worst result of this condition is the hamstringing of worthy real estate investors from having more than four properties on credit. But there are alternatives. Agents I can help you add sales to your month with this program and will help you market it. Call me directly at 866-946-0120 ext 101 nationwide.

One of the alternatives we at Novation have offered for many years is the IRA loan for real estate investors. This allows an investor with an IRA to tap the strength of their IRA to acquire real estate investment properties without using all of the funds in their account. While you certainly may purchase real estate directly into your IRA with all cash does it not make more sense to purchase three or for at today's amazingly low prices using our IRA non-recourse real state investor loans?

Qualifying is really simple. In fact the borrower really does not qualify at all. Because the loan is non-recourse the qualification is mostly incumbent on the property and the holdings in the IRA. It requires a 30% to 35% down payment which must come from the IRA. And additional 10% must remain in retirement funds for reserves. So if you have $120k in your retirement account you can easily require 3 small investment homes.

We show you how to determine rent rates and manage cash flow. In fact I personally have been training conservative investors for nearly 10 years. Call my office but speak with KIM NOBLE who is the national accounts rep for IRA loans. Even if you have already contacted another bank or lender you need to call us because we can likely beat their services and take a lot of the effort out of the transaction for you. The largest national bank will not try to make your deal work - you are either immediately qualified or immediately and permanently not qualified. DO NOT CALL NASB first. Call Novation FIRST. This is not some ploy - we save you money and get deals closed they deny.

We have a no-obligation transaction evaluation package and will work with you to understand the technique. We have closed more investment loans than any other team we know of -nationwide. Literally over 3000 loans since 2001.

IRA loans are available in all states with a short moratorium in Las Vegas and Arizona.

Ken Cook 866-946-0120 extension 101

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THE OPINIONS IN THIS COMMENTARY ARE STRICTLY KEN COOK's PERSONAL OPINION AND NOT REFLECTIVE ON ACTIVE RAIN, NOVATION MORTGAGE, or ANY SPONSOR OF THIS WEBSITE.

EDUCATION BEATS LEGISLATION EVERY TIME. Get your clients, friends and family members to a LENDER RUN home mortgage seminar as soon as possible.

Copyright©2008 Ken Cook. Georgia and Florida real estate investment loans, FHASecure and FHA Home Loans, nationwide commercial hard money and small business loans, non-recourse loans for real estate investors

Novation Mortgage, 2501 E Piedmont Road, Suite 201, Marietta, GA 30062 Georgia Residential Mortgage Licensee 20014. Florida Mortgage Broker Business MBB 0703760 FHA Lender - Equal Housing Lender