Land
banking has created wealth for many and can for you too. Antelope
Valley land is in the path of growth. Contact me for newsletters, etc.
that show what tremendous growth is happening there now and expected
in the future. Although
california homes have dropped in value by 20%, land has increased in
value by 20%. There is a glut of homes on the market depressing prices,
but as land is purchased there is less and less of it causing the price
to increase.
The
goal is to sell the property at the end of 10 years, invest the cash
in the IRA at a minimum of 4% interest and receive a $5,000 per month
income after paying income taxes.
You
can use cash for land banking, but if you have a retirement account
to use instead of the cash there are additional benefits
for producing a larger monthly income. When
someone uses a self directed IRA to purchase real estate and later sells
the real estate at a profit, the cash from the sale simply stays in
the IRA. No tax liability is triggered until the account owner makes
a withdrawal. By deferring taxes you can collect interest on the tax
money you would have paid.
Contact
me to help you roll your existing retirement account "containing
money you can't spend" (stocks or mutual funds are converted to
cash) into a self directed IRA and let's get your money working for
you now.