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Streamline Your Real Estate Transactions.

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Are you still printing out, manually signing, and scanning/faxing documents back and forth for your real estate transactions? Or are you using a combination of Docusign, Dropbox, Evernote, and email to manage your deals? If so, you’re wasting valuable time and money that could be spent on new business development and managing existing client relationships.

Reesio is a brand new, beautifully designed transaction management system that combines every step of the real estate transaction process into one beautiful flow for you and your clients. Electronically sign and share real estate documents, as well as easily manage property showings, offers, messages, and document storage all in one place.

As a Realty411 follower, we’re offering you Reesio’s awesome cloud-based product for only $29/month for the first year — that’s 40% off the regular monthly price of $49/month. And your first transaction is FREE so that you can try before you buy.

To get this special offer, create your second transaction by December 18th and use the promotion code 411DEC12 (remember, your first transaction is free and no promocode is required for that).

 

 

 

 

 

Solo 401k Use of Debt Financing for Real Estate Purchase

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Written by guest blogger: Jeff Boyle, from Concord, California

When a Self-Directed Solo 401k uses debt financing for the purchase of real estate, whether rentals, fixer-uppers, commercial or foreign real estate, it is commonly referred to as non-recourse loan Solo 401k.

Why consider Non-Recourse Loan for Solo 401k real estate purchase?

The Solo 401k regulations do not allow for the use of Solo 401k funds as security for a personal loan nor can the Solo 401k owner loan his or her personal funds to Solo 401k. However, the Solo 401k can obtain non-recourse loan from third party such as a hard money lender or bank, e.g., North American Savings Bank. When Solo 401k obtains a non-recourse loan, the Solo 401k increases amount available for purchasing real estate. Further, since the loan is to the Solo 401k, in the event of default, the lender can only come after the real estate securing the non-recourse loan, not the other Solo 401k investments or the Solo 401k owner’s personal assets.

Because the non-recourse loan is to the Solo 401k plan instead of the Solo 401k owner, the loan qualification requirements through a bank are not the same in that the non recourse lender will NOT perform the following.

  1. Will not check to see if you are employed
  2. Will not check your income
  3. Will not look at your W-2’s
  4. Will not look at your tax returns
  5. Will only look at solo 401k assets not your personal assets

Lastly, not all Solo 401k plans allow for the purchase of real estate; therefore, before proceeding to open solo 401k for investing in real estate and entertain the possibility of using a non-recourse loan, make sure the Solo 401k providers plan documents allow for investing in real estate.

Learn About CiX.com Here!

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Do you want a reliable capital source to help you buy or refi any type of investment property? If so, you can now instantly connect with local private & hard money lenders READY TO COMPETE to fund all of you flips & rentals.

If you need an investment property funded, this network of non-bank lenders will bid to bring you the capital… FAST!

~ Answer 12 simple questions
~ Your application will be submitted to the top local private & hard money lenders near you
~ You choose the lender that is the best fit
~ 100% Free

Here are some common questions about this new exciting funding resource:

Q) How is this any different than a typical hard money lender?
A) This new funding portal allows you to receive multiple offers from several hard & private money lenders in MINUTES 100% free.

Q) I have bad/no credit can I get funded?
A) YES! As long as you have money to put down, these lenders make decisions based off the deal, not your credit.

Q) Do I have to put money down?
A) Of course, but not much – Only 10%. Real lenders want you to have some skin in the game.

Apply For Funding » Tap HERE!
Good Luck,

Connected Investors and Realty411

PS: DON’T NEED FUNDING B/C YOU CAN’T FIND DEALS? Here is a list of off-market bank inventory in your local market.





 

 

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