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Clarity

Peggy Palms

Fairfield IA

Invest Safely and Legally! Real Estate Investing is a largely a legal process and I can show you ways to boost your income per transaction while staying out of legal trouble. An essential part of real estate investing involves tax-free Wealth Building Strategies. But the IRS laws and rules are tricky, so I'll show you how to build wealth faster and safer with self-directed retirement accounts tailored just for you.

$2.50/min

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Commercial Real Estate Real Estate Real Estate Investing Real Estate Development Real Estate Investment Real Estate Transactions Tax Law Real Estate Financing Real Estate Investor Contract Review

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Real Estate Investing, Especially Contracts for Buying, Selling, Lease Options

In my 20+ years of practice as a consumer debt attorney, real estate investor and real estate investment coach, I’ve counseled thousands of families and businesses in legal and financial matters and helped many learn how to build wealth through real estate investing. My real estate brokerage, Mountain Realty, specializes in pre-foreclosure and foreclosure properties, bank owned properties, wholesale investor properties, short sales and the sales and creation of investment mortgage notes. This creates a steady flow of opportunities for investors who either want to start a real estate business or deploy capital for long term wealth.
I love counseling real estate investors at all experience levels in the latest acquisition and creative financing techniques, as well as fellow attorneys and REALTORS® I constantly research new wealth management strategies for my clients and have formed alliances with top nationwide experts in retirement planning, tax planning, and asset protection. My passion is helping people simplify the complicated laws regarding of tax free investing through Self Directed Retirement accounts. Building wealth this way kicks your wealth building into high gear, saving you thousands of dollars.
I’m a member of the North Carolina State Bar, the State Bar of Texas, the Iowa State Bar, the North Carolina Association of REALTORS®, the National Association of REALTORS®, and the High Country Association of REALTORS®. I received certification in Short Sale & Foreclosure Resource (SFR), the only distressed property certification for real estate professionals recognized and endorsed by the National Association of REALTORS®, and am certified as a Short Sale Broker through Advanced Mortgage Education Inc.
Let’s talk for a few minutes and see if I can help you reach your goals faster, smoother and show you how to make thousands more per deal.

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Peggy Palms answered

Does it make sense to buy residential Real Estate in Canada with my Irish company?

Hello there and thanks for checking in. I agree that it may not be so good to keep cash sitting in a retirement fund, better to have it deployed wisely and making money for you. Putting funds into assets that could appreciate more than cash, especially if you might end up living nearby could be a lot safer. But be careful investing in a declining market, especially one so inflated as Canada. Many US markets are now rebounding from their bottom and possibly better investments. Canada does not have LLCs, but if you invest in the US, they are an excellent tool to protect your assets and often save yourself a lawsuit. Canada has some other entities that may give you similar protection, such as a corporation or partnership, so if you invest only in Canada we would need to look into those. Hope this helps.

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Peggy Palms answered

How should I structure my real estate partnership?

Legally, there are many ways to structure the partnership, such as the ones you mention. It depends on who is bringing what to the partnership (money, knowledge, skills, time, effort, etc.) It also depends on the level of trust and need for safety of each partner. For example, if a partner wants to be assured that all of his/her principal and interest will be returned, then he/she would be most comfortable as a debt partner (like a bank) where the terms are secured by the real estate. If the partner is willing to take more of a risk for a greater return, then an equity partnership might work best. Then you both share the risk and returns, depending on your contributions. Keep in mind that a partnership is very much like a financial marriage. Things can look great going in but they often fall apart. So you need to hope for the best but plan for the worst with a good "pre-nup" contract so everyone is clear. I can help you with this if you want to protect your partnership going in, hopefully to have a long and profitable relationship. Hope this helps and best of luck!

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Member since August 2013