Recommendations from The World of Self Directed IRA Investing
There's no time like the present to take a look at your financial picture. Are your investments balanced? Are you diversified in your IRA? Do you have alternative investment allocation like the institutional investors in your portfolio?
Below are examples of investments made in the last year:
Investment Overview - Tax Deeds in Georg[...]
Adobe Acrobat document [1.5 MB]
3475 Oak Valley Rd NE #2330, Atlanta GA 30326 - Fulton County
229 Ponce De Leon Ave NE Unit #9, Atlanta GA 30308
$21,000 Purchase Price - Aug 2009
Condo Unit #9 with a Mortgage on it of $144,200
Redeemed by Ocwen Servicing 76 days later as they were preparing for a Foreclosure.
95% Annualized Return in 76 Days.
Scenario: Owner or Mortgage Holder didn't pay the 2007 taxes. Owner isn't able to maintain the mortgage and Mortgage Holder starts to Foreclose. Under GA Foreclosure law though you can't foreclose unless you have full title to the property. Before Ocwen could foreclose they had to redeem our Tax Deed for the GA Statutory 20% Penalty.
226 Long Dr, McDonough GA 30253
$51 Purchase Price plus $4k Taxes for 2009. Total Purchase Price of $55k.
Purchased on 12/2009.
Property became owned by investor group on 2/1/2010
Under Contract on 2/11/2010 for $105,500 with All Cash Offer close within 10 days and $5k Earnest Money. Closed on Feb 19, 2010.
Net Profit of $40k in 80 Days for Investment Group - Investors received a 161% annualized return and a 35% absolute return on their investment.
Former Mortgage of $200k by GMAC. Built and sold in 2006 for $200k
Tax Deed Investments are superior to the 1st Mortgages. NEVER forget to pay your taxes - property taxes or income taxes. Government is always going to get their share.
Pictures and Analysis of Investment Deal
2832 Havenwood Dr - Summary.pdf
Adobe Acrobat document [421.9 KB]
200 Glenridge Point Pkwy NE, Atlanta GA 30342
Expected Profit: $20k if paid before June 30, 2010 or $30k thereafter
We purchased the property for $50k and are getting ready to purchase subsequent taxes on the parcel of $50k and we will get a 20% return on all funds expended. If we don't get redeemed within the 1 year time period then our profit will be $30k.
This is an 11 page Overview of various Tax Deed Investments
Investment Summary - Tax Deeds in Georgi[...]
Adobe Acrobat document [3.3 MB]