Can Anyone Be A Real Estate Investor?
by Jason Sands
Yes, why not? Real estate investment is no big deal if you have the correct approach supported by the money that goes into the investment. It has risk and so does all other investments that produce high return. Only that in this type of investment one can face any or all the types of risk that investments usually face. But the greatest risk lies in the form of uninvited friends who flock around you the moment you think of investing in real estate. You see them often in commercials that promise to make you a millionaire without even investing a dime. Invest, but beware.
There is no need to panic or turn away from investing in real estate as of all the investments; real estate can yield great results if thinking long term. It can not only appreciate in value over a long time however instant results can be achieved in the form of rents and leases if the properties have buildings on them.
A serious investor in real estate property should have the capital to invest in the first place. You should be careful that this money is not in the form of any debt. As a thumb rule it should be followed that never ever invest with borrowed money. If you are launching a business, then the matters are different, but always follow this rule when your aim is purely investment. Also remember that money does not buy experience. Investing in a field that is full of unscrupulous elements waiting to feed on your inexperience makes life difficult. So it is best to have a good knowledge of the market and also have a thorough know how of the system that is associated with real estate. Finally before investing you should know about the place you are investing in and the potential of growth and appreciation of the value of your property.
The people that will manage your investment are also very important. In fact, they are the most important as the value of property will depend on the management of it. A badly managed estate can get devalued even if the property prices in the locality are increasing. So you will need a team of managers who also have good negotiating skills to assist you in your investment.
Those of you who feel that it is a very risky investment or do not have enough money to invest, do not need to stay away. There is the opportunity for investing through the real estate investment trusts. These trusts invest in various companies associated with real estate and are listed on the stock exchanges. These are actually specialized mutual funds that invest only in real estate stocks. As an investor your benefit will be from the dividends that these trusts pay out and this consists the bulk of the profit they earn over a period. These are comparatively low risk investments though they too have their highs and lows.
วันเสาร์ที่ 8 พฤศจิกายน พ.ศ. 2551
Investing For Your Retirement
Investing For Your Retirement
by chamil
Most people have retirement paranoia in them - the general opinion is that this is the time when they stop earning actively, will be probably depending on someone else and will probably have medical problems that they will not be able to pay for. There are so many such apprehensions about retirement that it is no wonder people dread the time. But then, if you are dreading your retirement, then you do not know of the various ways in which you can save for your retirement. Here's a list.
1. Retirement Annuities - Several retirees are getting the rich benefits of annuities nowadays. Annuities are investments that are made before a person retires and which begins paying out after the retirement for a fixed pre-decided term, or for the whole remainder of the person's life. The interest accrued during the timeframe between the investment and the payout is also given out to the retiree. In this way, the retiree gets not just the principal amount back, but also the interest that is collected over the years of the investment. There are two types of payout methods - the fixed annuity and the variable annuity. The fixed rate annuities are better because there the interest rate is fixed, but in the variable rate annuities, the interest rate will change according to market trends.
2. Fixed Deposits in Banks - This is another very popular method of investing for retirement. Every bank pays out a healthy interest rate on the invested principal, due to which after some years the invested amount multiplies. If kept for a significant number of years, the little amount invested in fixed deposits could multiply and be a good source for spending the life comfortably after retirement.
3. Term Insurance Policies - Term insurance policies are set for a fixed period of years, which can be either a short or a long period of time. The investment is done in the form of premiums after regular intervals of time. The premiums are collected by the insurance company and the interests are accrued on them. When the stipulated term is over, the insurance company pays out this amount to the person. Many people buy term insurance policies to tide them over after their retirement.
4. Real Estate Investing - Most people buy some property when they are working. They might buy the property on installments, but in most cases, the installments are over long before the retirement time approaches. In the meantime the property has built up significant equity. This can be a good option for investment. Many retirees sell their homes after retirement and buy smaller homes in a more peaceful area. The money they save is good enough to look after their needs in their post-retirement years.
There are several more ways for the discerning person who wants to do some investing for life after retirement. The above are just some of the most common ones.
by chamil
Most people have retirement paranoia in them - the general opinion is that this is the time when they stop earning actively, will be probably depending on someone else and will probably have medical problems that they will not be able to pay for. There are so many such apprehensions about retirement that it is no wonder people dread the time. But then, if you are dreading your retirement, then you do not know of the various ways in which you can save for your retirement. Here's a list.
1. Retirement Annuities - Several retirees are getting the rich benefits of annuities nowadays. Annuities are investments that are made before a person retires and which begins paying out after the retirement for a fixed pre-decided term, or for the whole remainder of the person's life. The interest accrued during the timeframe between the investment and the payout is also given out to the retiree. In this way, the retiree gets not just the principal amount back, but also the interest that is collected over the years of the investment. There are two types of payout methods - the fixed annuity and the variable annuity. The fixed rate annuities are better because there the interest rate is fixed, but in the variable rate annuities, the interest rate will change according to market trends.
2. Fixed Deposits in Banks - This is another very popular method of investing for retirement. Every bank pays out a healthy interest rate on the invested principal, due to which after some years the invested amount multiplies. If kept for a significant number of years, the little amount invested in fixed deposits could multiply and be a good source for spending the life comfortably after retirement.
3. Term Insurance Policies - Term insurance policies are set for a fixed period of years, which can be either a short or a long period of time. The investment is done in the form of premiums after regular intervals of time. The premiums are collected by the insurance company and the interests are accrued on them. When the stipulated term is over, the insurance company pays out this amount to the person. Many people buy term insurance policies to tide them over after their retirement.
4. Real Estate Investing - Most people buy some property when they are working. They might buy the property on installments, but in most cases, the installments are over long before the retirement time approaches. In the meantime the property has built up significant equity. This can be a good option for investment. Many retirees sell their homes after retirement and buy smaller homes in a more peaceful area. The money they save is good enough to look after their needs in their post-retirement years.
There are several more ways for the discerning person who wants to do some investing for life after retirement. The above are just some of the most common ones.
Grant For Investing in Real Estate - How Much Will I Get?
Grant For Investing in Real Estate - How Much Will I Get?
by Banjo Smyth
Like many first home buyers you are probably wondering about the First home owners grant for investing in real estate. Am I eligible and how much will I get? Due to the current financial crisis there have been some changes to the grant for investing in real estate that are very beneficial for anyone who is thinking of making their first real estate investment. In fact the government has just doubled the grant for investing in real estate. The $7,000 grant has risen to $14,000 whilst the $14,000 grant has been increased to $21,000. Let's have a look at the different types of grants for investing in real estate and the history of the first home owners grant and real estate investing.
The Grant for investing in real estate (first home owners grant/scheme) was first introduced in 2000 in an attempt to help first home buyers make their first real estate investments or buy their first home. In reality the grant simply offset the taxes that home buyers need to pay when buying a property. In its original form the grant for investing in real estate was set at $7,000 - how things have changed of late.
How Much Will I Get?
Currently all first home buyers who are purchasing an already existing property will be entitled to a grant of $14,000. If you are purchasing a newly built home or build your own property you will be entitled to $21,000. For the first time in the history of the first home owners grant the new home owners may be able to use some of the grant money to pay for their property rather than just use it to pay for the taxes.
Am I Eligible?
The eligibility criteria of the grant for investing in real estate is pretty straight forward. You (and your partner) must not have received an Australian home buyer's grant before. You (and your partner) must not have owned residential property prior to 1st of July 2000 in Australia. You (at least one person) must be an Australian citizen. You must be a real person eg. Not a company. Finally you (at least one person) must occupy the house for a minimum of 6 months commencing within the first 12 months of purchase.
This last criterion is the most important if you are thinking about claiming the grant for investing in real estate for an investment property. This definitely doesn't mean that you can't get it you just need to be smart about it. Many property investment courses say you can't use it for an investment property but this is simply not true. One of the best property investment tips I ever received was to use the first home owners grant for an investment property that needed some small renovations. I went to a property investment course that taught me about the best ways to renovate for capital gains and then used the grant for investing in real estate to pay my mortgage for 6 months whilst I renovated the property. It was the perfect way (and still is) to get into the investing property world.
by Banjo Smyth
Like many first home buyers you are probably wondering about the First home owners grant for investing in real estate. Am I eligible and how much will I get? Due to the current financial crisis there have been some changes to the grant for investing in real estate that are very beneficial for anyone who is thinking of making their first real estate investment. In fact the government has just doubled the grant for investing in real estate. The $7,000 grant has risen to $14,000 whilst the $14,000 grant has been increased to $21,000. Let's have a look at the different types of grants for investing in real estate and the history of the first home owners grant and real estate investing.
The Grant for investing in real estate (first home owners grant/scheme) was first introduced in 2000 in an attempt to help first home buyers make their first real estate investments or buy their first home. In reality the grant simply offset the taxes that home buyers need to pay when buying a property. In its original form the grant for investing in real estate was set at $7,000 - how things have changed of late.
How Much Will I Get?
Currently all first home buyers who are purchasing an already existing property will be entitled to a grant of $14,000. If you are purchasing a newly built home or build your own property you will be entitled to $21,000. For the first time in the history of the first home owners grant the new home owners may be able to use some of the grant money to pay for their property rather than just use it to pay for the taxes.
Am I Eligible?
The eligibility criteria of the grant for investing in real estate is pretty straight forward. You (and your partner) must not have received an Australian home buyer's grant before. You (and your partner) must not have owned residential property prior to 1st of July 2000 in Australia. You (at least one person) must be an Australian citizen. You must be a real person eg. Not a company. Finally you (at least one person) must occupy the house for a minimum of 6 months commencing within the first 12 months of purchase.
This last criterion is the most important if you are thinking about claiming the grant for investing in real estate for an investment property. This definitely doesn't mean that you can't get it you just need to be smart about it. Many property investment courses say you can't use it for an investment property but this is simply not true. One of the best property investment tips I ever received was to use the first home owners grant for an investment property that needed some small renovations. I went to a property investment course that taught me about the best ways to renovate for capital gains and then used the grant for investing in real estate to pay my mortgage for 6 months whilst I renovated the property. It was the perfect way (and still is) to get into the investing property world.
วันอังคารที่ 28 ตุลาคม พ.ศ. 2551
Purchasing Real Estate with Zero Down
Purchasing Real Estate with Zero Down
by John Turk
You can buy real estate with minimal funds or zero money down! The key is learning how to leverage your resources to control a lot of properties. In this article, I am going to explain how you can make money simply by applying a few techniques I've used over the years. Interested?
One of the techniques I like to use is "Subject to Financing" aka "Owner Financing". With this technique, you purchase the property from the seller by simply taking over their existing mortgage. The mortgage stays in the seller's name and without obtaining financing you own the home. Not a bad deal from my view point.
State to state the rules to "Owner Financing" differ. In fact, several states are attempting to pass legislation to ban this practice. So it would be wise to consult with a local attorney to verify if the laws have been passed that prohibit you from this practice. Regardless, this is still the best method of easily financing a purchase.
What about the "due-on-sale' clause that most mortgages contain today?
Although it is true that the lender does have the right to call the loan due, but not the obligation to do so; it makes absolutely no sense in today's poor economical times. It makes more sense for a bank to settle for receiving the monthly mortgage on time rather than force it into foreclosure.
Why would the seller agree to place their credit at risk? A motivated seller is desperate to eliminate the responsibility for payments. You are offering them the opportunity to remove the burden of trying to make the payments when it is impossible; thereby removing them of the pain and stress they've had to endure. Even though the seller remains financially responsible, your financial contribution actually improves their credit. You are making payments that they just could not afford.
By far "Subject to Financing" is the best offer if your state does not prohibit it. This option should be the first one considered. It is a situation where all parties win. The bank benefits by receiving timely payments. The seller benefits from debt relief. And best of all, you benefit by leveraging a small amount of money to finance your real estate transactions.
Over the years, I've encountered several couples that were desperate to sell. Had their state permitted the "Subject To Financing" option, I may have been able to help. There is a down side though to buying property that is still financed by a bank. Like the seller/owner, you are sitting on property hoping to sell it. With this economy, it is impossible to move property fast enough for it to be beneficial to me. I would in fact become just as much a nervous mess as the seller I got the home from. The best option in my professional opinion is using "Owner Financing". It is more profitable for the real estate investor, and isn't that what this is truly about.
by John Turk
You can buy real estate with minimal funds or zero money down! The key is learning how to leverage your resources to control a lot of properties. In this article, I am going to explain how you can make money simply by applying a few techniques I've used over the years. Interested?
One of the techniques I like to use is "Subject to Financing" aka "Owner Financing". With this technique, you purchase the property from the seller by simply taking over their existing mortgage. The mortgage stays in the seller's name and without obtaining financing you own the home. Not a bad deal from my view point.
State to state the rules to "Owner Financing" differ. In fact, several states are attempting to pass legislation to ban this practice. So it would be wise to consult with a local attorney to verify if the laws have been passed that prohibit you from this practice. Regardless, this is still the best method of easily financing a purchase.
What about the "due-on-sale' clause that most mortgages contain today?
Although it is true that the lender does have the right to call the loan due, but not the obligation to do so; it makes absolutely no sense in today's poor economical times. It makes more sense for a bank to settle for receiving the monthly mortgage on time rather than force it into foreclosure.
Why would the seller agree to place their credit at risk? A motivated seller is desperate to eliminate the responsibility for payments. You are offering them the opportunity to remove the burden of trying to make the payments when it is impossible; thereby removing them of the pain and stress they've had to endure. Even though the seller remains financially responsible, your financial contribution actually improves their credit. You are making payments that they just could not afford.
By far "Subject to Financing" is the best offer if your state does not prohibit it. This option should be the first one considered. It is a situation where all parties win. The bank benefits by receiving timely payments. The seller benefits from debt relief. And best of all, you benefit by leveraging a small amount of money to finance your real estate transactions.
Over the years, I've encountered several couples that were desperate to sell. Had their state permitted the "Subject To Financing" option, I may have been able to help. There is a down side though to buying property that is still financed by a bank. Like the seller/owner, you are sitting on property hoping to sell it. With this economy, it is impossible to move property fast enough for it to be beneficial to me. I would in fact become just as much a nervous mess as the seller I got the home from. The best option in my professional opinion is using "Owner Financing". It is more profitable for the real estate investor, and isn't that what this is truly about.
Recession Proof Real Estate Investing Tatics for Success in Today's Market
Recession Proof Real Estate Investing Tatics for Success in Today's Market
by Derick Sutton
By Derick Sutton While most people are suffering from the affects of the current real estate market there are many more that are enjoying the opportunities that the market has brought about. Derick Sutton of Blue Marble Property Solutions has released his powerful new advanced training series entitled 'Dive into Real Estate'. Through the course, students are given the opportunity to learn from the masters and to get the edge needed to become successful real estate investors. The renowned experts will detail the secrets of their success, allowing others to formulate their own unique real estate investment strategies needed to succeed in all cycles of the real estate market. The course is a completely virtual training series, which is delivered over eight weeks between October 22 and December 17 (replays are available on the site). As real estate investment has become a fine art in the current economical climate, the presenters of the course have been selected for the expertise they can provide, ensuring students maximum success in implementing the lessons they will learn.
For this advanced training series, students will be shown the key methods and techniques used to master success by multi-million dollar trainers including:
1. Dustin Mathews (Author of 'How to Get Rich Working For Free') 2. Lou Castillo (who has created proven systems for creating massive real estate wealth) 3. Arcadio Diaz Jr (Probate Real Estate Guru) 4. Dan Stojadinovic (Real Estate Technology Consultant) 5. Drew Miles (Attorney & Real Estate Investor) 6. Larry Harbolt (Real Estate Teacher & Investor) 7. Chris Krimitsos (Real Estate Teacher & Investor) 8. Josh Brown (Co-founder Investor Riches Inc.)
The 'Dive into Real Estate' training series provides budding and astute real estate investors alike the opportunity to learn from real estate investing masters who have proven to be the best of the best. The 'Dive into Real Estate' course has been designed and implemented to ensure that people are able to achieve financial security by investing in real estate regardless of the state of the economy. The instructors for this series give everyday people the chance to take charge of their investment income and to see the opportunities which the real estate market offers regardless of the economic conditions.
The 'Dive into Real Estate' training series is focused on providing the knowledge and skills to formulate a successful real estate investment strategy. The host and presenters of 'Dive into Real Estate' know that learning about successful real estate investing is not just about reading books; it's about listening to how and why the leading authorities have succeeded. 'Dive into Real Estate' is the advanced real estate training series which will not only show the techniques necessary to succeed as a real estate investor, but it will also detail how and when to adopt these techniques. This training series is sure to reveal the insider tips and techniques that have given others the real estate edge. 'Dive into Real Estate' is more than just a training series. It is real life learning which will provide the tools to develop the systematic approach necessary to discover and create real estate wealth.
Derick Sutton of Blue Marble Property Solutions LLC has released his powerful new advanced training series entitled 'Dive into Real Estate' visit: http://www.DiveIntoRealEstate.com .
Through the course, students are given the opportunity to learn from the masters and to get the edge needed to become successful real estate investors in today's market with Recession Proof Tactics you will only fine here.
The renowned experts will detail the secrets of their success, allowing others to formulate their own unique real estate investment strategies needed to succeed in all cycles of the real estate market.
by Derick Sutton
By Derick Sutton While most people are suffering from the affects of the current real estate market there are many more that are enjoying the opportunities that the market has brought about. Derick Sutton of Blue Marble Property Solutions has released his powerful new advanced training series entitled 'Dive into Real Estate'. Through the course, students are given the opportunity to learn from the masters and to get the edge needed to become successful real estate investors. The renowned experts will detail the secrets of their success, allowing others to formulate their own unique real estate investment strategies needed to succeed in all cycles of the real estate market. The course is a completely virtual training series, which is delivered over eight weeks between October 22 and December 17 (replays are available on the site). As real estate investment has become a fine art in the current economical climate, the presenters of the course have been selected for the expertise they can provide, ensuring students maximum success in implementing the lessons they will learn.
For this advanced training series, students will be shown the key methods and techniques used to master success by multi-million dollar trainers including:
1. Dustin Mathews (Author of 'How to Get Rich Working For Free') 2. Lou Castillo (who has created proven systems for creating massive real estate wealth) 3. Arcadio Diaz Jr (Probate Real Estate Guru) 4. Dan Stojadinovic (Real Estate Technology Consultant) 5. Drew Miles (Attorney & Real Estate Investor) 6. Larry Harbolt (Real Estate Teacher & Investor) 7. Chris Krimitsos (Real Estate Teacher & Investor) 8. Josh Brown (Co-founder Investor Riches Inc.)
The 'Dive into Real Estate' training series provides budding and astute real estate investors alike the opportunity to learn from real estate investing masters who have proven to be the best of the best. The 'Dive into Real Estate' course has been designed and implemented to ensure that people are able to achieve financial security by investing in real estate regardless of the state of the economy. The instructors for this series give everyday people the chance to take charge of their investment income and to see the opportunities which the real estate market offers regardless of the economic conditions.
The 'Dive into Real Estate' training series is focused on providing the knowledge and skills to formulate a successful real estate investment strategy. The host and presenters of 'Dive into Real Estate' know that learning about successful real estate investing is not just about reading books; it's about listening to how and why the leading authorities have succeeded. 'Dive into Real Estate' is the advanced real estate training series which will not only show the techniques necessary to succeed as a real estate investor, but it will also detail how and when to adopt these techniques. This training series is sure to reveal the insider tips and techniques that have given others the real estate edge. 'Dive into Real Estate' is more than just a training series. It is real life learning which will provide the tools to develop the systematic approach necessary to discover and create real estate wealth.
Derick Sutton of Blue Marble Property Solutions LLC has released his powerful new advanced training series entitled 'Dive into Real Estate' visit: http://www.DiveIntoRealEstate.com .
Through the course, students are given the opportunity to learn from the masters and to get the edge needed to become successful real estate investors in today's market with Recession Proof Tactics you will only fine here.
The renowned experts will detail the secrets of their success, allowing others to formulate their own unique real estate investment strategies needed to succeed in all cycles of the real estate market.
Dubai Property is what we sell
Dubai Property is what we sell
by Craig Hart
Dubai Property is what we sell. City Link is a booth real estate company established in Dubai, in the United Arab Emirates. Organized locally, the owners and shareholders of Dubai Property are market veterans having been in the business over the Middle East and International for more than 30 years.
We are focused in providing investment Dubai properties to buyers outside of the Middle East as well as locally.
Through our affiliates and as a tractable to market demand, City Link has already established a presence in the United Kingdom, Australia, India and China as well as Europe.
Our all-out approach to due vigor is well known in the market.
We are also a one-stop market for Dubai real estate partners who are looking for an agency that can offer a complete suite of services from research to executing strategic marketing and sales.
- Market veterans ( 30 years in the real estate market )
- Dubai-based boutique agency with territorial & International focus
- A one-stop approach to business and services
- Sales & Marketing Consultancy
- Partnership Programme
- Real Estate Financing Funds
- Financial Advisory
- Feasibility Studies
- Commercial and distribute experience
- Product launch specialists
- Global Investment base
- Property Valuations
by Craig Hart
Dubai Property is what we sell. City Link is a booth real estate company established in Dubai, in the United Arab Emirates. Organized locally, the owners and shareholders of Dubai Property are market veterans having been in the business over the Middle East and International for more than 30 years.
We are focused in providing investment Dubai properties to buyers outside of the Middle East as well as locally.
Through our affiliates and as a tractable to market demand, City Link has already established a presence in the United Kingdom, Australia, India and China as well as Europe.
Our all-out approach to due vigor is well known in the market.
We are also a one-stop market for Dubai real estate partners who are looking for an agency that can offer a complete suite of services from research to executing strategic marketing and sales.
- Market veterans ( 30 years in the real estate market )
- Dubai-based boutique agency with territorial & International focus
- A one-stop approach to business and services
- Sales & Marketing Consultancy
- Partnership Programme
- Real Estate Financing Funds
- Financial Advisory
- Feasibility Studies
- Commercial and distribute experience
- Product launch specialists
- Global Investment base
- Property Valuations
Two Basic IRA Rollover Rules
Two Basic IRA Rollover Rules
by Robert Ruby
IRA rollover rules are pretty easy to understand if you read the information the IRS puts out to help you know all the ins and outs. But since an IRA custodian does the IRA rollovers for you, and fills out all the paperwork, you don't have to worry too much about the rules. Even so you may want to have a general idea of what the IRA will allow so you can plan ahead.
There are exceptions to many IRA rollover rules, and I will not go into those more complicated IRA rollovers, but I will explain two of the most common rules for you to have in your memory bank should you need to do a rollover in the near future.
One of the basics of the IRA rollover rules is the time limit for making the rollover. Typically a rollover is from one account to another, which is done simultaneously, but you can take up to 60 days to do the rollover.
For example, if your IRA was in the stock market and you sold your stock on July 8, 2008 and you wanted to invest the proceeds into real estate but you haven't found the right property yet, you have 60 days or until Sept 6, 2008, to find the right property for your IRA rollovers in order to avoid paying taxes on the amount of stock you sold.
Another one of the rules is you generally have to wait at least one year between rollovers from the same IRA account. An example would be, if you have two IRA accounts, IRA-1 and IRA-2 and you want to do an IRA rollover from IRA-1 to a new IRA-3 on July 8, 2008, you would not be allowed to another rollover from IRA-1 or IRA-2 until July 8, 2009, one year later. However, the rollover between IRA-1 and IRA-3 does not prevent you from making a rollover from your IRA-2 account into an IRA-4 account during the period between July 8, 2008 and July 8, 2009.
There are many reasons why you may want to roll your IRA funds into another type of account. With the ups and downs of the stock market, you my want to put your IRA money into a self directed IRA where you can invest your money in real estate.
Another reason may be the company's stock you are in are performing poorly and you want to move the funds into another company's funds. Whatever the reason keep track of the dates you do your rollovers, so you will be sure to fall within the IRS guidelines for the above two scenarios. For other IRA rollovers check with your IRA custodian to find out specific IRA rollover rules that may apply to your situation.
by Robert Ruby
IRA rollover rules are pretty easy to understand if you read the information the IRS puts out to help you know all the ins and outs. But since an IRA custodian does the IRA rollovers for you, and fills out all the paperwork, you don't have to worry too much about the rules. Even so you may want to have a general idea of what the IRA will allow so you can plan ahead.
There are exceptions to many IRA rollover rules, and I will not go into those more complicated IRA rollovers, but I will explain two of the most common rules for you to have in your memory bank should you need to do a rollover in the near future.
One of the basics of the IRA rollover rules is the time limit for making the rollover. Typically a rollover is from one account to another, which is done simultaneously, but you can take up to 60 days to do the rollover.
For example, if your IRA was in the stock market and you sold your stock on July 8, 2008 and you wanted to invest the proceeds into real estate but you haven't found the right property yet, you have 60 days or until Sept 6, 2008, to find the right property for your IRA rollovers in order to avoid paying taxes on the amount of stock you sold.
Another one of the rules is you generally have to wait at least one year between rollovers from the same IRA account. An example would be, if you have two IRA accounts, IRA-1 and IRA-2 and you want to do an IRA rollover from IRA-1 to a new IRA-3 on July 8, 2008, you would not be allowed to another rollover from IRA-1 or IRA-2 until July 8, 2009, one year later. However, the rollover between IRA-1 and IRA-3 does not prevent you from making a rollover from your IRA-2 account into an IRA-4 account during the period between July 8, 2008 and July 8, 2009.
There are many reasons why you may want to roll your IRA funds into another type of account. With the ups and downs of the stock market, you my want to put your IRA money into a self directed IRA where you can invest your money in real estate.
Another reason may be the company's stock you are in are performing poorly and you want to move the funds into another company's funds. Whatever the reason keep track of the dates you do your rollovers, so you will be sure to fall within the IRS guidelines for the above two scenarios. For other IRA rollovers check with your IRA custodian to find out specific IRA rollover rules that may apply to your situation.
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