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RESIDENT EXPERTS
> Continued from :: PG 32 12 Myths of Real Estate Note Investing MYTH "PEOPLE WHO SELL NOTES ARE THE BEST ONES TO LEARN FROM." FACT Would you take car-buying advice from a car salesman? Here is the best advice I’ve heard on this topic from one of the smartest people I know: “There is an inherent conflict of interest with any education program that offers investment assets as well. Someone can't be an impartial and expert educator and also offer assets for sale. The edu- cator's fiduciary obligation is to teach discerning and quality due diligence (and to help one master the art of the negotiation) to max- imize the student's profit from the acquisition of an asset. The note seller’s function is to maximize the asset's sale price. The two are, by definition, in con- flict. If you expect a two- for-one deal you're merely asking to get fleeced.” There are seminar companies that claim to school people on notes, charging tens of thou- sands of dollars, and then they sell them junk notes. Always check out someone’s claims against John T. Reed’s “B.S. Art- ists Detection Checklist” at bit.ly/bs-artist.
ment strategy. Self-direct- ed investors use a tool for their investments, their self-directed retirement account, with far fewer restrictions on it and many of the same (if not better) tax advantages than an opportunity fund or a sim- ple 1031 exchange. Fur- thermore, by leveraging the right combination of strategies, you can access tax advantages far more, well, advantageous than either vehicle offers with far more flexibility when it comes to accessing your
investment capital. So, should you simply walk away from 1031 ex- changes and opportunity zone investments? Abso- lutely not! Both vehicles represent incredible opportunities in terms of saving money, growing wealth, and contributing to not just your own port- folio but also areas of the country in dire need of investment capital. Just do not blindly assume these two valuable tools in your toolbox are your only two options. •
FACT One can seller-fi- nance a house sale to an owner-occupant once every 12 months, or to a non-owner occupant up to 25 times every 12 months, without violating Dodd-Frank. To do more transactions in 12 months, the seller either needs to become a mortgage loan originator or hire one. Email me at wjm@PaperSourceOnline. com for a free report on how Dodd-Frank impacts note investors. • > Continued from :: PG 56 1031 Exchanges, Furthermore, both vehicles place stringent guidelines over your cap- ital once it has been in- vested. It is not a simple matter to enter and exit investments made using a 1031 exchange or into a QOF regardless of what the fund manager may tell you. Exit the vehicle incorrectly, and you will pay through the nose as your capital gains lose their deferred or reduced status. Things can get complicated and expen- sive quickly. THE BEST OF BOTHWORLDS Self-directed investors have the best of both worlds when it comes to these exciting options for tax strategy and invest- Opportunity Zones & Self- Directed Retirement Accounts
Meet Think Realty's Newest Resident Experts!
M
ax Keller and Glenn Stromberg with MobileVest- Ed, are excited to bring education to Think Realty members. We asked them what makes their platform a good fit for Think Realty, and their answer matches the mission of Think Realty — to educate and help real es- tate investors. Their goal is to help over 10,000 new and existing mobile home investors. Their dignity in business and expertise in their field will bring a wealth of knowl- edge and inspiration to Think Realty members. "In the last few years, great returns have become challenging to find for many new and existing real estate investors. We are blessed to have the opportunity to integrate with the Think Realty family and share this vital information. Glenn and I, the founders of MobileVestEd, are eager to share our real estate experience and knowledge from participating in thousands of real estate deals. Many investors are frustrated by the lack of opportunity in multifamily investing and single-family residential investing. There are many ways to get to financial goals, and we believe that investing in mobile homes is the easiest in the real estate world. If you’ve been trying to invest for some time without success, we would love to help you.” ABOUT MAX KELLER Max Keller began his real estate career with sin- gle-family residential properties, wholesaling, completing fix and flip rehabs, and acquiring rentals. After complet- ing over 100 deals in multiple states, he looked for a way to more easily scale his real estate business and found mobile homes. Almost every challenge that was present in the single-family residential world of investing was ei- ther absent or greatly reduced in mobile home investing. Max is a published author and travels the U.S. teaching people the advantages of investing in mobile homes and helping people who are new to investing get – Max Keller
ADVERTISER INDEX
American Association of Private Lenders
57
Ascent Family Accounting Anderson Business Advisors
IMN Supplement: 14
Glenn Stromberg
Max Keller
2
Capstone Lending
76
DAWGS 17 Information Management Network Supplement: 1, 5, 8, 9, 12, 13, 15 Lima One IMN Supplement: 6-7 Money With Meaning Fund 50 Norada Real Estate Investments 84 The Norris Group 53 Out of Town Landlord 65 Patch of Land 69 Raising Money Summit 77 Real Property Management 68 Real Wealth Network 11 redIQ IMN Supplement: 10-11 Residential Assisted Living Academy 3 ROI Turnkey Properties 58 Security National Mortgage Company 24 SmartRent IMN Supplement: 2-3 Think Realty 6; IMN Supplement: 4 & 16 US Probate Leads 56 Walnut Street Finance 18
started. Max earned his BBA in finance from the Uni- versity of Texas in Austin and his MA in teaching from Louisiana College. He has over 15 years’ experience in real estate, finance, and teaching. Max, his wife, and children live in Fort Worth, Texas. ABOUT GLENN STROMBERG Glenn began his career in real estate in 1982, quickly be- coming a top sales manager for a mobile home dealership. Over his 37 years in the mobile home industry, he developed mobile home subdivisions, owned a mobile home park, owned and operated mobile home sales centers and bought, sold, and leased single-family homes. Today, Glenn invests in his most profitable venture to date, double-wide mobile homes on land. Glenn has completed thousands of mobile home deals in his career and is excited to have the opportu- nity to share his legacy and valuable knowledge with you. Glenn’s investment company currently purchases over ten properties per month in five states and growing. Glenn earned his bachelor’s degree in business from Western Illinois University. He lives in Fort Worth, Texas, and enjoys worshiping at his church, helping people, and traveling. •
MYTH "DODD-FRANK HAS MADE SELLER-FI- NANCING ILLEGAL."
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