Search the MLS with Kathy Fettke

Looking to buy a home? Search the Multiple Listing Service though Kathy Fettke's connection with Keller Williams. If you find something you like, be sure to let Kathy know!

http://www.mlsfinder.com/ca_ccar/katherinefettke/?so=a&domain=kathyfettke.yourkwagent.com

Great news for the Professional Real Estate Status

The Tax Court ruled that you don't need to be a licensed agent to be treated as being engaged in the real estate brokerage trade or business.

For more details, check out the blog post by one of our favorite CPAs, Bob Weaver.

http://rpwcpa.wordpress.com/2009/03/05/real-estate-professional-status-taxpayer-wins/

Fannie Mae Guideline change - Back to 10 properties

That's right! Fannie Mae is backing up to 10 mortgages provided you meet the requirements. For more information, see the full article below:

http://www.realwealthnetwork.com/pdf/38101-New%20510%20Property%20Announcement1.pdf

You can also access it and many other articles from our Resources tab and selecting Articles.

-Marc

Tax credit information

Check out the "Tuesday Scoop" (2-10-09) for some great information about the coming tax credit.

https://www.thinkbigworksmall.com/mypage/2709/5431/804027

RWN named #1 podcast for Real Estate!

The Real Wealth Network is #1 when it comes to Real Estate podcasting. For more information on our award, please visit this site:

http://news.podbean.com/2009/01/22/top-5-most-popular-podcasts-2008/

Does Buying Property Within Your IRA Make Sense?

Did you know you can invest your IRA or 401K funds in just about anything - including businesses and real estate? Even foreign real estate. It's quite simple, but must be done correctly. According to IRS regulations, you can self-direct your tax-deferred retirement plans as long as the funds are held with a custodian or trustee, and are not co-mingled with personal funds. In fact, the investment cannot be for personal use at all or the IRA will face immediate taxation and penalties. So don't plan on buying a vacation home that you will use personally.

So what would be a good investment for your IRA funds? What about land? Rental properties? Property outside the U.S.? And what are the issues with financing? Let's open this discussion to our members and Real Wealth Network experts. Enjoy!

Questions about the Go-Zone and SRAP!

The state of Mississippi has an incredible program available for real estate investors called the SRAP or Small Rental Assistance Program. You can find out more about this program with this Guidebook:

http://www.realwealthnetwork.com/pdf/SRAP%20Round%202%20Guidebook.pdf

As with any great deal, people have many questions, as they should. Please let me know if you have any questions, and we will have our experts answer you promptly!