IRA-401K Real Estate Investing for Boomers

by john krol

If there is one thing that stands out in apartment ownership what is it?

CEO John Krol of Boomers Bank

Finally it hits you that investing in real estate is the number 1 possible move you can make with your retirement money. With your heart is set on buying an apartment building, your search for information on the topic has brought you to this article. So what do you need to consider when making this investment?

With that profile in mind, think then of what the average client would need if he/she lives in your building. For starters, regardless of who you rent out to, people will always need basic amenities near by. You have to ensure that the apartment building you buy is located near a grocery store, entertainment facilities, medical facilities and the like. You should note that although people might have cars, they wil like driving for more than 10 minutes to get the basic necessities. For example, in an emergency situation, no person would like to drive more than 10 minutes to get to a hospital.

With that profile in mind, think then of what the average tenant would need if he/she lives in your building. For starters, regardless of who you rent out to, people will always need basic amenities near by. Thus, you have to ensure that the apartment building you buy is located near a grocery store, entertainment facilities, medical facilities and the like. You should note that although people might have cars, they wont driving for more than 10 minutes to get the basic necessities. For example, in an emergency situation, no person would like to drive more than 10 minutes to get to a hospital or other special services.

john krol Boomers Bank

Use is possibly the most important factor when one is to make a purchase. Combine that with customer profiling, and you have the recipe for success. However, always remember that you shouldn?t venture outside your comfort zone unless you absolutely have to. Comfort zone here refers to areas with which you are familiar and have possibly had experience in previously. This point is important always but even more when you are initially starting out as a real estate investor. When starting out, stick to what you know and try out new things only when you feel you have a handle on the situation. And always, always, keep your eyes and ears open to absorb whatever information you can about your location so that you are never left in the dark.

The is a new video on this and other subjects related to retirement and IRA-401k’s its a blog at the following address http://blog.ira-401k-realestate.com also ask for the ebook its free

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