Real Estate Secrets

Mike Gazzola has funded his retirement tax free, using a self-directed IRA. This approach may not be for everyone and he highly recommends that you consult your accountant, attorney and investment advisor. However, if you determine that it is for you, amazing returns are possible using this device that is available under the Tax Code. Simply stated, you roll over your traditional IRA or old 401k-without penalty into a self-directed IRA. Then when you're ready to buy a piece of property for your retirement account, you notify the custodian of your new IRA. The custodian writes a check to the owner of the property and presto-your IRA now owns the property. When you go to sell the property, the process is the reverse, the buyer now makes payment directly to your IRA custodian and all profits go back into your IRA. If you're receiving monthly rental payments, they also go right back into your IRA allowing you to make even more investments. This strategy might not be for everyone and there are pitfalls that you mu

Mike the Real Estate investing master revisits the subject of the self-directed IRA. Saving for retirement extremely is difficult in the era of zero percent interest rates. However, using Mike's techniques provides relief low interest rates and can help you realize returns far in excess of current market conditions. For example, Mike just acquired a $20,000 house in Buffalo, New York for his children's education fund. It's currently renting for $850 per month and will yield a cash-on-cash return of over 40%. And that's just one example of what's available. So listen carefully and see how your current 401k, old pension fund or IRA can be the key to a comfortable retirement.

Mike has done something amazing. He's put all his work up on a new website. You can get a free trial today and watch almost everything, absolutely free. It's all been updated and reflects changes in new and existing markets. There's so much information here that it could take you days to get through it. But it's all there for you!

When it comes to buying real estate at auction, discipline is the key. Keep your emotions under control. Always look at it as a business. Don't get attached to a property. Another opportunity will always come along, that's guaranteed. It's much more important to have a plan and stick to it. When you're working from a plan, you'll feel much more in control and less likely to make stupid mistakes. In addition, when you lose a close auction, you'll be able to shake it off and go on to the next one. You must always remember the tried and true cliche that in real estate the profit is made when you buy the property, not when you sell it. 

Mike Gazzola was sitting in his office in San Jose, CA twelve years ago pulling down a nice 6 figure income. He was cruising around eBay when he came made a discovery that would forever change his life. He found a $25,000 property that was generating $1,000 per month in rental income. The only problem was that it was located in Buffalo, New York. Mike picked up the phone and called the owner to make sure it was for real. He bought that property and proceeded to sell it for nearly double in less than one week. He was hooked. He called the seller back to see if he had anything else to sell. The owner said, "Sure, I've got lots, come check it out."  Later that week, Mike found himself on a redeye to the city of Buffalo (New York's second largest). He purchased 3 more properties and headed back to San Jose. Within a week, he had sold those properties for a near 100 percent profit. He called the seller back and suggested a partnership. The seller was hesitant, believing that Mike brought little to the table, until

In this episode Mike Gazzola explains how to use the banks' inefficiency against them. Multiple offers is the key. Don't sit around waiting for the bank to respond to your offer, make 10 or 20 offers and put the realtors to work for you. In the process, most of your offers will fall upon deaf ears, but some will receive an audience and an acceptance, and you'll be on your way to buying a property for way below market. Mike's done it loads of times and he shows you the way. Even though the real estate market has gotten stronger, there are tons of short sales in every city. Start looking now and you can't help but find some of them. Mike also shows you how to deal with bank owned properties. The key is not to let them manipulate you into a bidding war. Stay disciplined and stay tough! That's your key to big profits.