Tuesday, March 22, 2011

ALTERNATIVE WAYS TO BUY

There are a lot of reasons why folks can't get a loan to buy property. But there are several ways to buy property that don't require jumping through all the mortgage lender hoops! There's one that is especially intrigueing. And that's the self-directed IRA.

Somewhat different from the traditional IRA, the self-directed IRA allows the holder to dictate the investment options. So if a buyer wishes to buy a home and the options for getting a loan through traditional sources are very limited, he can pursue a holder of a self-directed IRA. If he knows somebody who has one, a deal can be worked out for the IRA to lend the money to buy a home or a ranch or a commercial property.

Call me if this is an interesting prospect......especially you who are self-employed and show little income on your tax forms!! www.johncmartin.com 903.530.3380

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