Hello world!
Posted on October 14th, 2009 in Uncategorized by adminWelcome to WordPress. This is your first post. Edit or delete it, then start blogging!
Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!
Because of the current downturn, most Californians are expecting slow population growth. According to a survey done by the Public Policy Institute of California, California will continue to grow at historical rates. The population is expected to grow by 10 million people over the next 20 years. That means more housing, more jobs and a demand for Land!
One of the reasons for the growth is the continued birth rate. California is a fairly young population so we will see growth internally. Immigration is another reason California population will continue to grow. The third reason is due to the current downturn. The Baby Boomers who were planning to cash out, retire and move are finding that they must wait for home values to increase and wait for retirement funds to grow. So the Baby Boomer generation is staying put and continuing to work.
For ACE Capital clients, this is a huge opportunity, because the growth will continue in the growth path of the major population centers. The most diverse job and housing opportunity that is growth friendly is Los Angeles County, specifically in North Los Angeles County.
So now is the time to focus on a methodology to recover retirement funds more quickly through the acquisition of pre-developed land in North LA County
Land banking is a long-term appreciation strategy, so we recommend owners hold their property for more than one full real estate cycle or approximately 8-10 years. However you are free to sell your property at any time—either when a developer or builder is knocking on your door or when you decide to place your property on the market with a local real estate agent.
Scott Bachman
There is no specific minimum purchase price. However, we encourage our customers to purchase as much as they are comfortable with. By purchasing a Tenant In Common parcel our customer’s can participate in much larger tract of land acquisition. Larger parcel of land are typically more attractive to developers. With a TIC parcel you still receive a grant deed and title insurance giving you free and clear ownership of your property.
Jerry Hart
Section 408 of the IRS tax code opened the door for you to roll over your IRA including Traditional, SIMPLE, SEP and Roth as well as qualified 401k, Solo 401k and 403b plans into real estate without a tax penalty. If your plan administrator or custodian does not provide a land banking service, you will need to find one. If you like, we can refer you to one of our partners in the ACE Professional Network.
Scott Bachman
Welcome to our Public Blog! There has been a tremendous effort by a lot of people to bring you our dynamic and innovative websites. A place for REAL information… not just about ACE Capital Group, but information on the tremendous opportunity called “Land Banking”.
As we all know the financial services sector is taking more than just a few lumps. The marketplace, including major financial institutions, have lost billions; the U.S. Dollar at record lows and Wall Street as volatile as ever. Traditional investments are making a lot of people a little bit nervous in these trying times. The financial service companies are being forced to be more creative with how they first attract and then manage your hard earned money.
ACE is the pioneer in “rolling your IRA into real estate” and has now taken an industry leadership role in showing people that there are alternatives to how they should think about building their personal wealth. There are ways to think “outside the box” and still feel safe and secure and make a great return for you dollar.
Get started by checking out “About Ace” and “Land Banking”, then maybe select a webinar to watch. It’s all good stuff and we are proud to bring it to you as a service to our friends, clients and associates. If you’re a professional in a related field, by all means, check out our APN page and sign up for a FREE listing in our professional network. We look forward to a long and valued service. Thanks.
Craig Anderson
Senior Marketing Specialist
ACE Capital Group