How do I roll my retirement into Land Banking?
Posted on May 28th, 2008 in Land Banking by adminSection 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
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I’d like to know more about land banking too – except like don’/t people lose their shirts buying land sometimes? What are the risks?
Dear RapidReggie,
The only time people incur a loss is when they are not fully aware of all aspects. Our company has a professional acquisitions team of experts who acquire only the land that pass a 10 item check list. One check on the list is the land must be within a particular number of miles from a metropolitan proven growth path. The area where we do our land banking has brought exponential returns far above the current stock market, mutual funds, and even above residential real estate returns. See our testimonials at http://www.ace4wealth.com, and give me a call at 925-426-1120. I would love to explain our full 10 item checklist and our land banking concept.
Any investment carries some risks associated with it, but historically land has proven to be a stable and rewarding method of creating great wealth. For some examples just follow This Link to some very famous people who got very rich from Land Banking.
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