ct reia monthly meeting monday, october 15, 2007 “ flip ... · pdf file6:15 pm: kim...

OCTOBER 2007 www.CT REIA.com 203-757-0641 860-561-8821 Realestateinvestors@ct reia.com

CT REIA Monthly MeetingMonday, October 15, 2007

6:00 PM: Networking, deals &meet our vendors

6:15 PM: Kim Kasparian: Foundation for Success

6:45 PM: Bring your deals6:55 PM: Announcements

7:00 Buying and Selling in a Changing Market

Bring Your Friends and NeighborsCromwell Crowne Plaza

100 Berlin Rd. Cromwell, CTI-91, Exit 21

Members: Free Guests: $30 Register online: www.CT REIA.com

or Call our office 860.561.8821Next Meeting: November 19, 2007

What’s Happening?

Monday October 15Buyind and Selling in a Changing Market

and the stars of “FLIP THIS HOUSE” to givea sneak preview of the October 20 & 21

CT REIA Conference

October 20 & 21Meet the stars of

“Flip This House” at the FourthAnnual CT REIA Conference

Details Inside. . .www.CTREIA.com

“ Flip This House”stars to reveal their

comprehensive A to Z system for Wholesaling and

Rehabbing HousesOct. 20 & 21

Clarion Hotel, Bristol, CTAn exciting, dynamic,

educational weekend event

THE REAL ESTATE INVESTOR 2 www.CTREIA.com October 2007

The CT Real Estate Investors & Apartment Owners Association

Monthly meetings are held the 3rd Mondayof each month. Workshops, seminars, confer-ences & tradeshows are listed daily on ourwebsite: www.ct reia.com

At CT REIA, our mission is networking, edu-cation and motivation through the empower-ment of opportunities that raise the member'sawareness to elevate the knowledge of realestate investments.

We want our members to be financially freeand through education and awareness we feelthat the members will be able to take action toinvest in their future. We strive for our mem-bers to be able to make the correct choicesinvesting in real estate and become financiallyindependent.

You will be with other like minded individualsthat share the desire to be successful in realestate investing. The CT REIA community isdiverse with people that want to learn and net-work with others to raise their ability to ownreal estate.

Learn time-tested techniques to maximizeyour Time, Effort and Profits. Benefit from RealEstate Investors, Trade shows, Conferences,and Wealth Builder Classes.

Exchange ideas on our members-only onlinebulletin board.

Be the first to hear about the hottest realestate deals through networking and members-only online bulletin board, and emails.

Monthly MEETINGS (3rd Monday)

Your admission to the monthly meetingswill be FREE. The admission fee for guestis $30 (3rd Monday) Crowne Plaza Hotel,Cromwell, CT.

Members: Do you have a property that youwant to sell, looking for cash, looking for investors. Lookno further- you can simply send us a description of whatyou are looking for and a property that you want to sell.CT REIA will send your message to over 2000prospects. Send your email to: news@ct reia.com

* Bring your deals to all CT REIA events…..A table is set up at each general monthly

meeting for members!

Coming to ConnecticutOct 20 & 21

CT REIA Real Estate Listings section…www.CTREIA.com It's an excellent way to showcase your properties! If you aren't a member, you should be!There's so many benefits to joining CTREIA. The ability to post properties is justone of them!

Here is a recent testimonial we received:"As a new real estate investor my goalwas to learn all I could. I began by read-ing books watching videos and attendingexpensive real estate investing seminars offered by "wealth pro-fessionals". I found CTREIA during a Google search and decidedto give it a try. My first meeting far exceeded my expectations. Ianticipated a dozen or so individuals brainstorming around atable. Instead, I was "WOWed." What I found was a conferenceroom overflowing with people, a fabulous networking opportunity,available and accommodating vendors and a number of valuabletraining events worth more than my expensive seminars. Thankyou CTREIR — J. Kocot

Corporate Sponsorof this Event:

Sponsors of this Event:• Commercial Realty

Investments LLC • Home Vestors /Avon CT• LandAmerica 1031 Exchange• Mortgage Options of America• Premier Property Management

Services • Retirement Wealth Advisors LLC• Saslow Lufrin & Buggy LLP• Sunrise Financial • The Connection


Tackling one of the most excitingaspects of today's high-stakes realestate market — the transformation ofan eyesore into a profit-making beauty— A&E's hour-long "docu-soap" followsthe travails of three real-estate develop-ers in the hot housing markets of NewHaven, San Antonio and Atlanta, whereeach boasts a team of characters thatbuys homes, renovates them, then flipsthem for a profit. It sounds simple, butsparks fly and tempers are high beforethe fixer-uppers sell to happy buyers.

After graduating from Yale University andplaying for the NFL, and attending countlessmeeting, seminars, workshops from the CTReal Estate Investor Association, Nathaniel"Than" Merrill decided to tackle the real estatebusiness.

"Flip This House" called CT REIA wherethey were put in contact with Than Merrill. Aborn leader, full of big ideas, Than saw moneyto be made flipping houses in New Haven,Connecticut. He called on his childhood friend,Paul Esajian, and together they created CTHomes. Paul is the construction expert andcreative force behind all of their real estate ren-ovations. He persuaded his big brother, JD, tojoin the team as project manager. With hishands-on renovation expertise, JD knows how

to motivate the construction crew and get thejob done. Their latest recruit is Jeremy Black -a former Abercrombie & Fitch model with ahead for numbers. Jeremy is Than's right handman in the search for good investment proper-ties. This model turned acquisitions expert stillhas a lot to learn - his good looks and easysmile may charm the ladies, but not Than andPaul. Lori Parks is in charge of sales. Whenthe going gets tough and a wrestling matchwon't smooth things over, she shakes up theboys club with her feminine touch and a seri-ous reality check.

Paul and Than will be live and in personSaturday and Sunday Oct. 20 & 21.

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Creative Fiancing is a term used widelyamongst real estate investors to refer to non-traditional means of real estate financing, orfinancing techniques not commonly used. Thegoal of creative financing is generally to pur-chase, or finance a property, with thebuyer/investor using as little of his own moneyas possible. Otherwise known as leveraging,OPM (Other People's Money). Using thesetechniques an investor may be able to pur-chase multiple properties using little, or none,of his "own money".

Types of Creative FinancingHere are some, but not all of the tech-

niques commonly referred to in creative financ-ing. Many of these are commonly used in con-junction with others, or on a temporary basiswhile more permanent financing is arranged.

Hard money loans. Hard money loans(abbreviated as HML) are similar to privatemortgages except that they are made througha hard money lender. A hard money lendermay get his financing either from his own con-tacts with private lenders, or financial institu-tions with whom he has established his ownlines of credit.

Private mortgages. A private mortgage isa loan secured by real estate that is made by aprivate lender, instead of a traditional lender,financial institution, or government institution.These loans are most commonly short termand last anywhere from 6 months to threeyears. These are asset based loans made forthe purchase and rehabilitation of real estate.Because the loans are asset based, the deci-sion to loan is based on the criteria of the prop-erty and not usually the qualifications, or creditof the borrower.

Other methods commonly used invlude:• Simultaneous Closings• Subject-to• Land trust• Short sale• Lease option, lease to purchase• Owner carry back• Seller seconds• Note buyers• Credit cards• Credit partners• Partnerships• Retirement accounts• 1031 Exchanges• No and low doc loans• Loans on other property

CREATIVE FINANCING

“ Flip This House”stars to reveal their

comprehensive A to Z system for Wholesaling and Rehabbing Houses

Oct. 20 & 21Clarion Hotel, Bristol, CT

An exciting, dynamic, educational weekend event


This is strictly a fun team… No expert skills needed.Requirements….

• Love to Ski• Ski one or two nights a week- January & February for

a minimum of five weeks.• Attend ski parties… Relax and have fun

Email: [email protected] 860-561-5901Mailing add: PO Box 270556 West Hartford, CT 06127

A Member of the CT Industrial Ski Council Dues $25

Good credit rating is themost valuable thing wehave when it comes tofinancial independence.

Sadly, the information in our credit reports isoften inaccurate. Surveys have revealed thatnearly 80% of all consumer credit reports con-tain serious errors or mistakes of some kind.This prevents millions of Americans from beingable to purchase homes, automobiles, and otherconsumer goods and services. Additionally,many people are paying high interest ratesunnecessarily. This results in an endless cycleof high monthly payments, which many con-sumers cannot afford. Unable to pay their bills on time, they continue adding negative informationto their credit report, causing their finances to go in a downward spiral, which can have a devas-tating effect on their lives.

Learn how United Credit Education Services can help you get your credit back on track!http://www.vrtechmarketinggroup.com/lbaumgarten2/

Join the CT REIA Ski Team…

Dinners, Live Bands, Parties, Awards, Raffle Prizes.

The fun starts here! Xscape!

Call today to learn more about Strategic Financing! All Credit Types Welcome

quickly and at top dollar. After many years in this business, I've learned

that the more tools and marketing strategies I bring to the table, the more successful we can be. So, with your permission, I would like to share with you in person a brief presentation on what I call Strategic Financing, a marketing and incentive program that I believe is unlike anything you've seen on the market today.

Keith Turner – Professional Mortgage Planner [email protected] Malika Comfort – Loan Officer [email protected] Glen Davis – Loan Officer [email protected] Ben Cooper – Loan Officer [email protected]

Keith Turner Professional Mortgage Planner Acorn Financial Services LLC Phone: (203) 288-8894 Fax: (866) 246-4764 Email: [email protected]

Acorn Financial Services, LLC

Licensed Broker, CT

With inventory at a 6-year high, and home sales at a 5-year low, moving inventory has become challenging to say the least.

With this in mind, I would like to offer you access to exclusive loan programs that will allow you to advertise extremely low interest rates on fixed-rate products not seen in the market in many years. By attaching these special products to your homes exclusively, we can create the kind of uniqueness necessary to move your standing inventory

INVESTMENT PROPERTY SCENARIO

Do you want to know more? CALL ME!

Smart Bart and Normal Norm are friendly rivals, and have been since playing on opposing high school football teams. They are now competing in their local real estate market, Normal Norm has even bet Smart Bart $100 that in two years he will be the more successful real estate investor. Smart Bart accepts the bet, and the whole town is watching:

Smart Bart Normal Norm

Buys $300,000 foreclosed property for $150,000. Does 100% financing.

♦ Profit after taxes and ins = $1,300

Contacts local realtor for property listings. Buys $300,000 investment property for $300,000. Puts 20% down ($60,000) for purchase. Has mortgage for $1,579.

♦ Profit after taxes and ins = $913/mn

Refinances property after 90 days and pulls out $30,000 in cash to rehab property. The property now worth $350,000.

Contacts local realtor to find another investment property. Buys second $300,000 three-family at market value. Has no cash for down payment. Does 100% financing.

♦ Profit after taxes and ins = $383/mn

Sells house in 2 weeks after rehab for $315,000. Profit = $135,000 in 5 months Two tenants move out. One tenant even

destroys the apartment and must be evicted, causing a loss of$10,000 in rent, repairs and legal fees.

Smart Bart wins the bet, nets $540,000 from property flips in two years, and buys his mother her dream home, buys himself a Ferrari, and earns over $40,000/yr from his investments in the S&P 500. His children’s college fund is set, and he spends most of his time playing golf, with his family sailing, and finding good properties to flip.

In two years Normal Norm has netted $31,104. He has been to eviction court four times, and has had several calls from tenants at all hours of the night to repair this or that.

After putting $60,000 down for the initial purchase Normal Norm is still $28,860 in the negative. He has not broken even yet. After 3 years Normal Norm wants out of the real estate business and sells his properties.

Keith Turner – Professional Mortgage Planner Phone: 203 288 8898 – Fax: 866 246 4764

Acorn Financial Services LLC

In 5 years Smart Bart is worth over $5 million.


ACCOUNTANTS• Tim Corlett, Tax Preparation, 860-653-4000, [email protected]• Steve Stranieri, Saslow, Lufkin & Buggy,860-678-9200, [email protected]• Scott A. Wilson, J.D. Real Estate &Business Planning, 860- 678-8255• Collins & Deans, LLC, Paul Collins-JohnDeans, Real Estate Closings, LLCs, LandTrusts, Leases, Evictions, Foreclosures, 860-659-4488, [email protected]• Anne Altieri Landlord Law Firm,877-RENT360, 203-874-4747,

[email protected], www.landlord-lawfirm.com• Diana Bartolotta, BartolottaLaw Office,203-347-4529• Robert Kappes, Silvester & Daly, All RealEstate matters. 860-278-2650, Fax 860-727-9243, www.rkappes@silvester-kdaly. com.• Gary D. Lavigne, Lavigne, Mark & Rogers,LLC, 860-643-2501, 860-423-4829,[email protected], Eviction & realestate matters.• Antonacci & Russo, RaymondAntonacci, 203-597-8883,[email protected]• Carpet Works, Todd Silverman, 860-916-5030, 860-646-6500, 860-646-6361COMMERCIAL MORTGAGES• Gary Thompson, Realtor and MortgageLoan Officer, 860-209-1107,www.CTCommercialMortgages.com.HEATING AND COOLING• Monitor Heating Systems, 1-800-317-2906, [email protected] home/apartment heating units. • John Karavas, Insurance at Rock BottomPrices, 203-243-6539, 203-687-1310.MONEY MANAGER• UBS Wealth Management, John R.Bubello, 203-498-3323, 800-922-3237x3323, [email protected]• Acorn Financial Services, Keith Turner,203-288-8894, [email protected]• Bruce Hirschfeld, Investor FriendlyMortgages, 860-760-1711,[email protected]

• Franklin Bank, 860-561-5901, BorrowWhen You Need To.• Cascade Note Investments, Inc., PaulaRady, 860-796-5818, 860-871-0329,[email protected]• Horizon Home Mortgage, Samir Doshi,Earnell Kelly, 860-285-0635 x202, Fax: 888-296-5652, Email: [email protected], [email protected] Jones Home Vestors, NutmegProperty Group, Inc. 860-284-6873, Fax 860-6768500, [email protected]• Ladd Mortgage, Martin Toby, 800-343-4448, 860-693-9898• Mortgage Advantage Lending, LLC,Michael House, 800-424-1737,[email protected]• NEMS Commercial Lending, PaulAdmamo, 675 Berlin Turnpike, Berlin CT06037, [email protected], 860-539-6155.• NFS Nations Funding Source, CurtisMislick, 954-491-0800, cell: 860-575-1486,[email protected]• Pinnacle Financial Services, Ian Cohen,860-651-8277, 860-651-8276• Residential Home Funding, Barry Love,[email protected]`,203-571-1833, 203-571-1835.• Gary Thompson, Realtor and MortgageLoan Officer, 860-209-1107 (anytime)• Sunrise Financial, Juan Salas,. 203-498-6094, admin@cthardmoney,com• Robert Zappone “Mortgages”, 860-283-5000, 203-465-7978, [email protected]/GRAPHICS/• Thirteenth Floor Graphics and Printing,860.563.8055, www.tfgp.netPROPERTY MANAGEMENT• Stephanie Blanchard, 860-523-0157,[email protected] INSURANCE ADJUSTORAmericlaims, Inc., Sol Harel, 860-523-7982, [email protected] EXCHANGE• LandAmerica, 1031 Exchange, DenisCaron, 1-800-899-5842 ext 131, www.lan-damerica.comREAL ESTATE SERVICES• Acer Colt Commercial Real EstateBroker, 860-655-8159, www.RealEstate-Results.com

• Apex Real Estate Services, 860-209-1107,www.freectinvestmentpropertiesbyemail.com• Bimini Bay Resort & Spa, 863-424-0130x156, [email protected],www.biminibayresortspa.com• Sherry Green, Prudentiaj CT, 860-759-9820, 860-298-1520, [email protected]• North Shore Enterprises, Patrick Pre-court, Foreclosure Expert, 1-800-482-7439.• Homes R US, Bill Hawthorn 203-440-2003,Susie Scully, 203-537-2518, www.sellahouse-inct.com, www.buyahomeinct.com• Gary Thompson, Realtor and MortgageLoan Officer, 860-209-1107 (anytime)REHAB FUNDING• Pinnacle Financial Services, LLC, MarkCohen, 860-218-2278.USING IRAS TO BUY REAL ESTATE• Entrust Northeast, Jaime Raskulinecz,973-857-8058, [email protected],www.entrustnortheast.com• Harvey Weinstein, toll free 866-678-0167,www.USRetirementAdvisors.comSUPPLIES• Sherwin Williams Paint, Dave Candelori,203-723-6637, Fax: 203-723-7558, 30% offfor CT REIA Members (show your member-ship card)• Sherwin Williams Paint, Damek White,1077 New Britain Avenue, WH 06110, 860-570-1216• Lowes/Manchester, Joanne Hebert, at thecontractors deskWINDOWS AND DOORS• National Vinyl Products, Phil McKay & LesO'Dell, 800-424-5300, [email protected]• Rich the Rehabber, Rich Hart, 860-575-2589, [email protected] SPONSORS• Attorney Scott Wilson, 860-678-8255• Attorneys Paul Collins & John Deans,860-659-4488• Bob Pingeton, Bayview 1031 ExchangeServices, 617-459-4976• Call Bruce For Money, 860-983-3424• Franklin Bank. 860-561-5901• Gary Thompson, Realtor & MortgageLoan Officer, 860-209-1107• Robert Zappone “Mortgages” 860-283-5000

Serrvices Dirrectorry

Legal Notice and DisclaimerThe information contained herein is provided to the CONNECTICUT REAL ESTATE INVESTORS ASSOCIATION - CT REIA., CT REIA does not endorse, approve, or certify such information, nor does it guarantee the accuracy, completeness, efficacy, timeli-ness, or correct sequencing of such information. Use of such information is voluntary, and reliance on it should only be undertakenafter an independent review of its accuracy, completeness, efficacy, and timeliness. Reference herein to any specific commercialproduct, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or implyendorsement, recommendation, or favoring by CT REIA. CT REIA assumes no responsibility for consequences resulting from theuse of the information herein, (or from use of the information obtained at linked Internet addresses,) or in any respect for the con-tent of such information, including (but not limited to) errors or omissions, the accuracy or reasonableness of factual or scientificassumptions, studies or conclusions, the defamatory nature of statements, ownership of copyright or other intellectual propertyrights, and the violation of property, privacy, or personal rights of others. CT REIA, is not responsible for, and expressly disclaims.


Elect a plan below Full Page:

This option is for a FULL PAGE ad in the CT REIA monthly newsletter. With this purchase you are also entitled to a three month banner on the CT REIAwebsite.

Half Page: This option is for a HALF PAGE ad in the

CT REIA monthly newsletter. With this pur-chase you are also entitled to a two monthbanner on the CT REIA website.

Quarter Page: This option is for a QUARTER PAGE ad inthe CT REIA monthly newsletter. With thispurchase you are also entitled to a onemonth banner on the CT REIA website.

Eighth Page: This option is for an EIGHTH of a PAGE adin the CT REIA monthly newsletter.(Business Card Size)

❑$650

❑$350

❑$200

❑$100

Insertion OrderBusiness Name ______________________________________

Contact ______________________________________________

Address______________________________________________

State/Zip______________________________________________

Telephone ____________________________________________

Fax __________________________________________________

Website ______________________________________________

E-mail ________________________________________________

AD SIZE (Full Page image area 7.25” X 10”)

❑ Full Page $650 X ____ insertions = $ ________ ❑ 1/2 Page $350 X ____ insertions = $ ________ ❑ 1/4 Page $200 X ____ insertions = $ ________ ❑ 1/8 Page $100 X ____ insertions = $ ________

(Business Card)Discounts available for multiple insertions. Deadline: Last Friday of month prior to publication. Total Cost: $ __________

Signature __________________________ Date _____________

Make check payable to “Hartford Publications”99-AA Hanmer Street, Hartford, CT 06114Tel 860-2296-66128 • Fax 860-2296-33350e-mmail: [email protected]

The Monthly Newsletter of Connecticut Real Estate Investors AssociationNew England’s Largest Real Estate Investors & Apartment Owners Association

There Is No BetterAdvertising Option!

Advertise in the CT REIA Newsletter"The Real Estate Investor" & on CTREIA.com

Looking to target the real estate demographic?Every month the CT REIA newsletter goes out toten thousand contacts in the Connecticut. If youwould like to market your products or services toour audience please fill out the form below and letus know which advertising options you are interested in.


CT REIA SEPTEMBER MEETING

Barbara Groel and Linda Baumgarten celebrate Lou Brown’s birthday.

Part of the overflow audience listening to Lou Brown’s presentation.

Lou Brown and Dan Ripley

Michelle Lorenzetti andJan D’Agostino


PPAAYY OOFFFF YYOOUURR HHOOMMEEIINN 66-1111 YYEEAARRSS

Without refinancingyour current mortgage

or changing your monthly payments FREE CCoonsultatioon call NOW!!!

1-866-544-7464Potentially save thousands of dollars in interest

www.mmamortgagebusters.com

If so, then you should call Carl Tyrone Mitchell for a free consultation for the following reasons:

• You can save hundreds of dollars every month by refinancing into a 30 year fixed mortgage before your ARM starts to adjust.

• If you get a 30 year fixed mortgage in 30 years you can retire off of the equity in your home.

• If your timing is right (and timing is everything) youcan avoid a prepayment penalty on your existingARM.

• You may even qualify for a FHA refinance which isalso a 30 year fixed loan, but it has an even lowerinterest rate.

Carl Tyrone Mitchell has over 10 years of

experience in the mortgage industry and he would behappy to set some time aside to review your mortgageoptions for free.

So, if you are thinking of purchasing a new home orif you would like to refinance your existing home, call Carl Tyrone Mitchell.

Carl also specializes in:• Reverse Mortgages (For people over 62)• Rehab Loans (Rehab costs can be financed with

5% down)• First Time Home Buyer Programs (FHA & CHFA)• 100% Financing (For single family owner

occupied homes)• Investors — Investors — Investors

Call Carl Tyrone Mitchellfor a free consultation.Accurate Financial, LLC136 West Main StreetNew Britain, CT 06052(860) 223-3488 *302 Office(860) 655-7075 Cellular

Do you have an adjustable rate mortgage orARM that will adjust in the next six months?

[email protected]


Take Controlof Your Retirement Assets Now

Did you know that you can truly diversify

your retirement portfolio by using your

tax-deferred and tax-free assets to invest

in a whole array of alternatives including

real estate, mortgages, notes, unsecured

loans, private placements, partnerships,

and other entities and hedge funds?

For more information on how you can harness your tax advantaged funds

to purchase non-traditional investments,please call (973) 857-8058

or email [email protected]

Entrust GroupSelf-Directed Retirement Plan ServicesHelping clients build wealth with investmentsthey know, understand and control.

Do You Know the Character of the PeopleYou Rent To or Hire?

P.O. Box 213Ellington, CT 06029www.firstinc.com

(860) 871-4178Fax: (860) 872-9659Cell: (860) 966-8158

FIRST RESEARCH LLCBackground Checks

Lori D. Geilich, President• Criminal and Civil Record Checks• Employment Verification• Previous Addresses• Bankruptcies, Liens & Judgments• Property Ownership• Education Verification

YOUR AD HERECALL BILL

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Attention Business Owners, Entrepreneurs and Investors:

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to know to increase their profit, pay lower taxes to the government and put more money in their pocket every year!

Hi, my name is Ted Lanzaro, CPA. My accounting firm, Lanzaro CPAspecializes in helping business owners and investors like YOU by:

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By Harvey Weinstein

Investors have discovered a distinctive approachto selling rental properties, or land, while enjoyingunique benefits, thanks to the Internal RevenueCode.

Maintaining rental properties makes maninvestors unhappy and aggravated. Yet, they alsohate paying lots of taxes when they do sell theirproperty. These investors want to convert theirmanagement problem (which often has only a lownet rental income) into a better plan. They shouldconsider using the Multi-Generational InstallmentPurchase Strategy and receive several advantages:

1. Substantial Tax Benefits: The benefits include: (1) Reduction of taxable

income, up to 30%, (2) Reduction of capital gainstax, (3) Reduction of depreciation recapture tax,and (4) Reduction of estate taxes.

This plan is desirable because it reduces bothincome taxes and estate taxes today. It does notsimply delay higher taxes into the future like aSection 1031 transaction.

2. Lifetime Income:This guaranteed, reliable, lifetime income (as an

annuity) is designed for one or two people. It couldbe for you (and also with a spouse or your child).This income is partially tax free too. It's a great supplement for retirement income.

Let's see how this works. Assume that aninvestor couple, both aged 65, sell their propertyworth $400,000, and their cost was $200,000.

They could elect to receive guaranteed lifetimeincome of $ 22,400 each year. According to mortali-ty tables, this couple could receive $586,881 aslifetime income. In addition, they would also receivean income tax deduction of $163,000 to use thisyear and/or in future years.

Younger investors would receive better resultsusing this strategy. They would receive significanttax benefits today, and have the flexibility to deferreceiving their income until some future time, asneeded.

For example, let's assume this couple was age 50

and wanted to delay starting to receive income untilthey reached age 65. For the same property, theywould receive a lifetime income of $ 48,000 eachyear starting at age 65 to use as a retirementincome. Lifetime income could be $1,200,000 (permortality tables).They would also receive a incometax deduction of $163,346.

3. Extraordinary Financial Benefit: Investors can choose to replace the value of the

real estate sold by selecting a wealth preservingstrategy. It provides the family with a legacy that isboth income tax and estate tax-free

4. Unique Advantage: This tax-saving approach also uses part of the

sales proceeds to support humanitarian causes,such as providing emergency food and medicalsupplies worldwide.

Can you benefit? Many property sellers can bene-fit from this strategy!. Get more information andyour own free personalized illustration. Call HarveyWeinstein toll free at 866-678-0167.

Sell Investment Property: Get Lots of TaxBenefits, Lifetime Income. . . and More

Buy Real Estate with Your IRA

Retire Rich - Flex-IRA plan invests in:

• Real Estate - all residential, commercial, rehabs,land, condos, foreclosures, and your dream retirement house

• Loans - purchase of mortgages, loans • Fund Deals - lend money to investors

Benefits of Flex-IRA• No Transfer Taxes - from your current IRA• Supercharge IRA - with private financing• Convenient - our turnkey system provides all

paperwork & processing • Asset Protection - with a special lRS approved

LLC, owned by your IRA, to protect from lawsuits • Get Checkbook - for “quick cash” opportunities • Tax Benefits - account value can grow tax-free

Harvey WeinsteinTel: (toll-free): 866-678-0167

www.USRetirementAdvisors.com

860-983-3424 [email protected]

REAL ESTATE INVESTORS

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Check Out My PRIVATE Hot Sheet of Great Deals !

ct reia monthly meeting monday, october 15, 2007 “ flip ... · pdf file6:15 pm: kim...

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