Invest in Tax Lien Certificates and Tax Deeds Tax Free

Did you know that you could use money from a self-directed IRA account to invest in tax lien certificates or tax deeds? I’ve interviewed retirement account specialists from two different self-directed IRA companies; EntrustCAMA and Equity Trust Company, and I’ve learned that it is possible to invest tax free in tax lien certificates and tax deeds with a self-directed IRA.

If you use money from a regular self-directed IRA account to invest in tax lien certificates or tax deeds, than your money grows tax free until you withdraw from your account after retirement. But, if you use money from a Roth self-directed IRA, and you do not take any withdrawals until retirement age – you do not pay any taxes on your profits! So if you are using tax lien or tax deed investing as a way to save for your retirement, you need to look into this.

Although many brokerages will say that they have self-directed IRA accounts, they are not true self-directed accounts. You can only invest in anything that they sell. A true self-directed retirement account will allow you to invest in anything that is not prohibited by law. Allowable investments include real estate, tax lien certificates, tax deeds, and notes, along with other of the more usual investments. True self-directed IRA companies are prohibited to sell you investments. They can recommend types of investments that you can use your self-directed IRA for and show you how to do the paper work for them, but they are not allowed to make a commission on what you buy. There are only a handful of these companies in the country. I personally only know of three of them and I’m familiar with only two. I’ll tell you how to find out more about these two companies later.

You might be wondering if you can transfer or “roll-over” money from your present 401k or IRA into a self-directed IRA with one of these companies. What I’ve been told from retirement account specialists is that you can only roll over money from your 401k if you are no longer working for the company that your retirement account was set up with. I know that you can roll over money from a regular IRA account into a self-directed IRA because I’ve recently done that. I took money from my IRA account with TDAmeritrade and rolled it over into a new self-directed IRA account with EntrustCAMA. It was easy to do. I was able to transfer the money when I opened my new account. I downloaded the forms that I needed from their web site and mailed them in. They took care of the rest.

You also might be wondering if there are any fees associated with opening and maintaining a self-directed IRA. Yes there are some fees, but they are minimal compared to the taxes that you would be paying the government on your investment income or capital gains. Each of these companies handles fees differently and in order to see which company would work better for you, I suggest that you visit their web site or talk to a representative.

You can listen to a free teleseminar/interview with Carl Fischer of EntrustCAMA at http://www.audioacrobat.com/play/WmTmzsXs. You can listen to a free teleseminar/interview Liz Koos of Equity Trust Company at http://www.audioacrobat.com/play/WvX8Qr1Q.

Online Business Credit Card Management – The Death of Paper Statements?

Putting aside all talk of recessions, downturns and ‘credit crunch’ headlines for a moment, there has been a noticeable shift in the way UK PLC has been doing business over the past couple of years, with a revolution in ‘E-business’ and online financial management. The high street has been the real victim in this groundshift, whereas businesses online are thriving in a global market. Banking has quickly picked up on this and there are very few banks or credit card providers that do not offer online facilities to their customers. For business, this can only be a good thing.

Initially, many banks and financial institutions offered online banking as an environmentally friendly and ‘paperless’ way to monitor and maintain an account. Despite the initial reluctance by the public (fuelled undoubtedly by stories about identity theft and the ease with which fraudsters could obtain personal details), better security systems introduced by the banks has meant that online banking is a safe and secure way to run your financial affairs. This also holds true for businesses, and online banking offers small and medium size businesses in particular a host of advantages, especially when using business credit cards.

Business credit cards are a popular way of providing additional financing for SMEs, with 23% of entrepreneurs using them to inject additional capital into their company. The benefits of using an online system to manage a business credit card makes it an even easier and more flexible way to run a business, as online management gives a business a real-time overview of their transactions and financial position 24 hours a day, seven days a week. Instead of waiting for a monthly statement to drop through the door an owner can keep track of expenditure on a daily basis, monitoring exactly how much is going in and out of the account and keeping track of payments to suppliers and expenses incurred by additional card holders.

By using online management for business credit cards, a business can see quickly where the majority of expenses are being incurred and adjust their overall plan to factor this in or even make adjustments to save the business money. Some business credit cards also offer ‘reward schemes’ that a company can take advantage of to make savings, particularly on travel and accommodation expenses. Instead of waiting for a monthly statement to be able to see any patterns that may be emerging, a business credit card allows the company to act quickly to curb any overspend that may put the business in jeopardy. It also provides a business with the ability to forecast potential spending over a longer period of time and thus help them to plan their overall finances with more accuracy.

Online management also gives a company another other major benefit – time. The time spent going through a plethora of receipts and various other paper transactions can be time consuming and costly, particularly if the business employs an accountancy firm to keep the books up to date. Online management means that a clear breakdown of all transactions can be easily printed out at any time, making accounting much easier and quicker. It also enables business owners to monitor payments to suppliers, ensuring that payment deadlines are met and keeping open vital lines of credit to suppliers that could mean the difference between a business succeeding or folding.

In a fast moving, modern business environment, the evolution of E-business and subsequently E-Banking is one that all SMEs have to be a part of to succeed. Competition is fierce and anything that gives a business an edge in such a competitive marketplace should be utilised. Online management of business credit cards leaves business owners more time and flexibility to concentrate on the most important part of their daily life – running the business itself. It also gives them the peace of mind that they are in control of the business finances, all at the click of a button.

Dominican Republic – Best Caribbean Real Estate Investment Place

Considering Dominican Republic investment?

As you are probably aware European, and US, property markets, are on a downward turn. But this is not the case everywhere in the world, for example, in the Dominican Republic, investment in property, particularly in apartments, is very buoyant.

We in the West, have a habit of assuming that everywhere in the world has a similar economic climate to ours. The old economic expression – when America sneezes, the whole world catches a cold – is no longer totally true.

Several western countries, in particular the United States and Great Britain are currently experiencing fairly serious, real estate related, and economic problems. In the US, mortgage lenders are facing their worst period in a couple of decades.

The UK seems to be on the verge of similar problems, the same is true for several European countries such as Spain, and France, that up until recently, appeared to have a never-ending housing boom, especially in the second home, or holiday home market.

In Spain and France, personal, and large-scale commercial investment in apartments and villas for the second home market has rolled to a virtual halt.

Potential investors, and holiday home seekers, are now turning their eye further afield in the search for quality second homes, at reasonable prices, with a good potential return.

There are several countries in Europe that are benefiting from this slump in the Mediterranean property market, such as Bulgaria and Romania. There are several problems with property investment in these countries.

Such as bureaucracy that is still in the painfully slow, Communist style. And other problems such as clear title of ownership, particularly with former government-owned apartments.

But realistically, the overriding problem is very poor weather conditions for most of the year, and only a short, hot summer.

This is where countries, in other parts of the world, offer far greater potential. Dominican Republic investment in the property market is clearly not suffering from America sneezing. Dominican Republic apartments investment in particular, clearly has not caught the US cold.

The Dominican Republic is a beautiful Caribbean island country; it sits in an idyllic location right in the center of this stunning chain of Caribbean islands.

To the north are the Bahamas, to the west, the exotic island of Cuba, to the east, you will find the Virgin Islands, Puerto Rico, and just down to the south Jamaica and Aruba.

Obviously, apart from its own incredible charms, the Dominican Republic is ideally situated for visits to all the other amazing islands of the Caribbean.

These are just a few of the reasons why Dominican Republic investment is growing at a strong, steady pace. Many people from North America and Europe are turning to Dominican Republic apartments as good, solid investments, combined with great family holiday possibilities.

There are other stunning locations throughout the Caribbean, many of which offer incredible accommodations, but most of these well-known islands have been, investment hot spots for many years, if not decades.

As a result of this prolonged growth in property investment on many islands, the price of land and apartments has reached sky high levels, and in several places second home, and apartment purchase prices have reached telephone number proportions.

Dominican Republic investment, although established, still has a long way to go to reach its full potential, Dominican Republic apartments costs are still very reasonable, compared to other locations.

Yet, the Dominican Republic can offer everything that is more famous neighbors provide. High-quality developments located in idyllic spots, directly on stunning palm fringed, white beaches, with crystal clear Caribbean waters.

You should seriously consider the Dominican Republic, as both an investment and a wonderful holiday apartment location. Dominican Republic investment in real estate is sure to provide great returns in cash and enjoyment.