How Real Estate Can Help You Beef Up Your 401(k)

You don’t just have to let your 401(k) sit there. You can actually put it to work for you through real estate, and you might even be able to double its growth.

Buying a home? Click here to perform a full home search
Selling your home? Click here for a FREE Home Price Evaluation 

Call me at 303-974-9471 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today I want to talk to you about your 401(k). Maybe you've spent the last 20 to 30 years building up this pretty nest egg, but did you know that you can actually self-direct that 401(k) wherever you want it to go or take your IRA and move it to a self-directed platform? Did you know that you can buy real estate with your 401(k) and have tremendous tax savings as a result?
Imagine being able to take your 401(k) and double its growth.
I’m no tax attorney or CPA, but I have seen a number of my colleagues use this amazing tool to save money on their taxes by buying property within their 401(k). There are two companies that I’m familiar with that specialize in handling this type of transaction. Much like a 1031 exchange helps you transition from one investment property to another, Advanta IRA and New Direction IRA are wonderful businesses that act as custodians in the self-directed world of retirement.

Imagine being able to not just make 4% per year on your traditional IRA. Imagine being able to take that money to buy a piece of real estate instead. You’ll also be able to contribute to your 401(k) every year and be able to make money on that every month as you collect rent.

With a regular 401(k), it’s not appreciating based on the values around it, but it can if you use it to buy real estate. If you leave it in there for 20 years, it’s going to double. It’s very possible you could be seeing regular double-digit growth on your investment in your property.

If you have any questions about how this process works or how you can get started, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

How to Find the Best Schools in Denver for Your Kids

I work with a lot of clients who are relocating to Denver with their families and want to find the perfect school for their children. Here’s what I recommend that they do.

Buying a home? Click here to perform a full home search
Selling your home? Click here for a FREE Home Price Evaluation 

Call me at 303-974-9471 for a FREE home buying or selling consultation to answer any of your real estate questions.

If you are thinking about relocating to Denver from another area in Colorado or another area in the country, you likely have a lot on your mind. If you also have kids, you’re probably also wondering about the school system and wondering about where your child should go.

There are a lot of options. Public schools, charter schools, private schools, specialty schools, religious-based schools, wilderness schools, and more.

When I’ve been asked this question from my relocation clients, I often point them to schooldigger.com or greatschools.com so they can do their own research. In addition, I wanted to introduce you to a really cool company: Emerging Consulting.

You can find them right around DU, which is right in central Denver, and they take a really cool, holistic approach to figuring out what kind of education you want your child to have. I highly recommend it and I’ve had clients rave about it in the past. If you’re interested, send them an email to info@emergingconsulting.com.
I’ve had clients rave about Emerging Consulting in the past.
If you have any other relocation or real estate-related questions for me, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

How Real Estate Improves Your Life, Part 3: Your Commute

Today, let’s talk about your daily commute.

Buying a home? Click here to perform a full home search
Selling your home? Click here for a FREE Home Price Evaluation 

Call me at 303-974-9471 for a FREE home buying or selling consultation to answer any of your real estate questions.

How is your daily commute going?

If you work from home, then it doesn’t matter.

But suppose you work downtown every day: Do you commute across town, fighting the Denver traffic on a daily basis? If you have to travel hours each day to get to work, I bet you’ve been thinking about how you can change your commute: “How can I relocate? How can I find a better way, short of getting a different job, that allows me to work from (or closer to) home?

For those who want to keep their current job but fix their daily commute, I encourage you to think about the benefits of owning real estate closer to work—it can make your life better.

We always ask our clients how owning real estate could make their life better. How will buying a house help your life, and in what ways? Is it going to increase your quality of life?
It’s not even just your money that your long commute is eating up—it’s also consuming quality time with those you love.
If you’re commuting 45 minutes to an hour (sometimes even two hours) every day just to go to work, purchasing a home closer to work is something to consider. Think about other areas in town that might shorten your commute and save you a ton of money in the process. Imagine all the money you’re spending on gas or public transportation every single day.

And it’s not even just your money that your long commute is eating up—it’s also consuming quality time with those you love, whether it’s with your kids, your spouse, your family, or your friends. If you could have more time to spend with your loved ones AND live in a great property from which the commute to work would save you money, wouldn’t it be worth it?

You have all sorts of options. Yes, it may mean a sacrifice in some areas, but I encourage you to take some time to reflect on what’s most important to you and how real estate could help improve your quality of life.

If you’ve thought about finding a way to shorten your commute to work, reach out to me. We can discuss whether that’s even possible, what areas would be beneficial to look into if it is, and how we could go about finding the right property for you. I hope to hear from you soon.

The Value of Real Estate, Part 2: Homeownership

Today I wanted to share another way that real estate can make your life better.

Buying a home? Click here to perform a full home search
Selling your home? Click here for a FREE Home Price Evaluation 

Call me at 303-974-9471 for a FREE home buying or selling consultation to answer any of your real estate questions.

How does real estate make your life better? The obvious answer is that it allows you to stop paying rent—something that people the world over would love to be able to do—so that you can build equity and to establish a nest egg.

Think about it: No more landlords, no more rent hikes, no more waiting on someone else to make repairs, and no more worrying about whether or not your life is ever going to change.

When you buy a home, it’s yours. You get to explore and design the home to make it what you want it to be, no questions asked. The exception here is if you buy a home in an HOA (homeowners association) because they regulate what can or can’t be done to the outside of the home. But, for the most part, you have complete control over your home.
Owning a house can make your life better because it’s an extension of who you are and who you want to be.
One thing that my wife and I have been pondering recently is whether our identity right now as homeowners is who we want to be—does our home resemble us? We’ve already done a lot to it already, but now we’re wondering, “What’s the next step to make our home embody who we are as a family?”

For example, maybe it’s more land. I would love to have our house back up to open space with a view of the mountains in the background. I’d love a fourth garage where I could park an RV or a boat someday. I’d also love to have more space for dogs—it’s a crazy idea, but I’d love to have 12 dogs and, with open land, we’d have the space to accommodate them.

Owning a house can make your life better because it’s an extension of who you are and who you want to be. Homeownership is a vehicle for self-expression.

If you’ve thought about owning your own home, or upgrading to another home, give me a call. We’d love to chat with you more about your dream and what your home needs to look and feel like for you.

As Seen On...

As Seen On...