Got some money in your pension that is just sitting there? Put it to work.
Without a doubt, there are some incredible deals right now in real estate. You have to be careful to buy at the right price (not the price 3 years ago) and you have to do your due diligence, especially as it relates to rentals rates and vacancies. But some of the stories we’re hearing from our clients are amazing. One purchased a residential rental for $25,000 in Phoenix and started rented it for over $700 per month. Another bought a condo in Florida for $35,000 with a tenant already in place for $1,100 per month.
Both properties were purchased through pension plans.
Here are some investments that might work for your pension plan, if you set them up correctly:
- Use your pension to fund a new company that you work in
- Buy a franchise
- Invest in a public offering such as a REIT
- Buy a property to fix and flip
- Buy a property to eventually be your retirement home
- Lend money
- Purchase a rental property
- Invest with others in an apartment building
- Start a business that will create passive income for you
- Buy tax liens
Every single one of the above transactions is a legal transaction for a pension plan provided you follow the rules. And that’s what the real key is. You have to make sure you’ve got the right information, the right advisors helping you and you are clearly following what you can and can’t do.
We cover the tricks and traps of pension investing in Tax Free Real Estate Investing
Starting a business? Consider using your pension to fund it. Buying real estate? Your pension can help too!
On Wednesday, this popular book goes on sale along with Smart Business Stupid Business. You’ll get both books for the price of one! You can wait until Wednesday, or here’s a special link that lets you in on the special pricing NOW.
Please remember that this is only for the first 100 copies and based on our past experience, they’ll go fast as soon as I send out an email to our entire database.
“Two For One – Smart Business Smart Investment. Are you ready to make 2011 the year of your outrageous success?