If you invest in Notes, Mortgages, Promissory Notes or any investment that has a payment stream this post will help you.  I like to think of each one of my Note investments as a golden egg and my self directed Roth IRA as the basket. One of the best things I’ve done to help automate […]

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Hands down my favorite type of Investment for my Self Directed IRA (SDIRA) are Notes. I like Notes for 3 reasons mainly. Cash Flow Safety Less Management Cash Flow Cash Flow is King for me because I can take the cash and buy another to make my monthly total cash flow grow bigger. If needed I can […]

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What is a Note? This kind you don’t get from Mom!

A Note is short for Promissory Note. A Promissory Note is nothing more than a document between parties describing a payment obligation that someone signs because they received financing for something.  Here’s an example, I go to a store and see a new Gas Stove I like but I don’t have all the money.  Luckily the store will finance […]

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Book Review: IRA Wealth: Revolutionary IRA Strategies for Real Estate Investment

For my first book review I decided to read Patrick Rice’s “IRA Wealth: Revolutionary IRA Strategies for Real Estate Investment”.   I had heard about the book from some friends and wanted to add it to my RE book collection. The beginning of the book starts out with 7 Rules that are easy to follow.  Some are common sense but nevertheless it’s […]

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What is a Self Directed IRA, exactly?

The words “Self Directed IRA” to me has 3 different meanings. First on a purely functional level Self Directed means that after you have identified and done your due diligence for an investment.  You “Direct” your IRA custodian to send money or “buy” it from person X.  Most often using an Escrow company or something like it.  Then in return you get the Documents, […]

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How I’m taking control of my Retirement.

A lot of people contribute blindly to their IRA’s hoping that the 8-10% in interest they earn from a mutual fund over 30-35 years will make their retirement years golden.  To me there is too much chance in that idea. Why give someone else the responsibility and control over your retirement funds? Don’t get me wrong, I really […]

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Something revolutionary will happen for Roth IRA’s on January 1, 2010.

Change is on the horizon in the Roth IRA world. Currently Roth IRA conversions are limited in 2 ways Taxes on pre-tax amounts. Income limits (these are quick generalizations see IRS pub 590 for more info.) A. If single AGI, adjusted Gross income is 116K or more then you cannot contribute. B. If AGI is […]

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