An advertising promotion of St. Joseph business and industry
Over 100 Years “Flat Roof Specialistsâ€? •Asphalt • Shake • Composite • Standing Seam • Wood • Metal • Gutter “Custom Architectural Metal Fabricationâ€? 1601 Buchanan, St. Joseph, MO
816-232-0644 www.roberts-roofing.com
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SINCE
1908
Four Generations of Jewelers
510 N. BELT • ST. JOSEPH 1002 S. Main • MARYVILLE
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This This property property and and others others can can be be used used for for aa Real Real Estate Estate IRA. IRA. Go online: online: www.raysisson.net www.raysisson.net to to view view available available properties. properties. Go
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For all your rooďŹ ng and contracting needs!
2119 S. Riverside 4217 Frederick 1702 St. Joseph Ave. 3804 Mitchell Hwy 36 E Wathena 22nd & Olive Belt & Pickett
Your business can be here. Call to ďŹ nd out how.
816-238-8850 MikeRoseContracting.com
Helping St. Joe Since 1998.
• Skilled Home Health • Developmental Disability Services • Home Health Aides • Personal Care • Homemakers Serving Northwest MO 816-671-9100 • 2409 N. Woodbine www.helpathome.com
Rayond A. Sisson, CCIM Commercial Sales & Leasing
Ever thought about doing something BIG? www.bbbsstjoe.org 816-671-4090 Disasters can happen. Is your business’ data safe?
Serving only commercial clients retail - office - industrial www.raysisson.net
2700 N. Belt St. Joseph, MO 64506 (816) 364-2700 (800) 530-5938 Toll Free Email: raysisson@stjoseph.net
(816) 749-2803 | jeff.penland@npgco.com www.echocloud-sol.com
Seaman & Schuske
ROOFING - SHEET METAL - SIDING INSULATION - HEATING - AIR CONDITIONING ESTABLISHED 1870 OVER 125 YEARS EXPERIENCE Fourth & Mitchell, St. Joseph, MO
232-3337
8003 NE St. Rt. 6 (2.7 mi. E of Riverside on Hwy. 6) St. Joseph, MO
816-667-9190 60 Years of Fine Craftsmanship
Complete Kitchen & Bath Remodeling
Use your IRA to invest in real estate A short, middle-aged woman wearing must ow in and out of your self-directed red glasses came up to Tom Lundstedt after real estate IRA. Make sure your selfone of his real estate seminars. She seemed directed real estate IRA has enough shy and hesitant, but she listened intently liquid reserve funds for operating, and had taken lots of notes during the class. improvement, and miscellaneous Her name was Norma and she asked Tom expenses. several good questions about real estate 4. Finance a property owned by investing. Norma told him she had $200,000 your IRA. The ďŹ nancing must be ‘nonin her retirement account. Tom congratulated recourse,’ It means the property, not her, but she said ‘Don’t be impressed. I had the IRA account, is the sole security for $300,000 a few years ago!’ the loan. Most lenders won’t provide Her retirement account, like many, had ‘non-recourse’ ďŹ nancing. Options are suffered as a result of investment choices. private loans or seller loans. Get good Tom Lundstedt, CCIM – Investment Real Estate Norma told Tom she ‘wished she had bought professional advice before taking any Professional and former real estate instead of investing in an IRA.’ action. Major League Baseball player She was amazed when Tom told her she 5. Your real estate IRA can buy a – Real Estate IRA authority. COULD have her IRA and real estate, too! partial interest in a property. Useful if A retirement account (traditional IRA, your IRA doesn’t have enough money to Roth IRA, Simple IRA, SEP, Keogh, 401k, etc) is NOT AN buy 100% of the property. INVESTMENT! It is a special account set-up to HOLD Things you CANNOT Do your investments. It can hold many types: mutual funds, 1. Your real estate IRA cannot buy a property you, your stocks, bonds and REAL ESTATE! spouse, or certain family members own. When Norma found out her retirement Likewise, your real estate IRA cannot sell account could own real estate she said, ‘But a property it owns to you, your spouse, I asked the company that administers my or certain family members. account if my IRA could own real estate, and 2. You, your spouse, or certain family they said no.’ They should have added three members cannot have any personal use important words: ‘not with us.’ of the property owned by your real estate Most investment companies are not IRA. set up to handle real estate and have 3. Your IRA cannot lease the property Rental Townhomes and no incentive to inform you real estate is to your business. Your business cannot Condos can be included in your real estate IRA an investment choice. It’s the reason for occupy or use any of the property. misconceptions about real estate IRAs. Is a Real Estate IRA right for you? Retirement Accounts CAN own real estate. The big question is – Should you use Be sure to talk with a competent real estate IRA advisor your retirement account to buy real estate? before you take any action. Answer – it depends on the type of real estate and your Everyone’s situation is unique and you want to do unique situation. Primary residences, second homes, and what’s best for you. vacation homes are not candidates because you already First, establish a self-directed retirement own them. A rental property producing a account with a company or custodian who tax shelter from depreciation is not good specializes in real estate. It’s a relatively easy because the tax shelter goes to waste process. You can establish a new account or in your retirement account. Raw land, roll over assets of an existing account. (Be ďŹ xer-uppers, and non-leverage rental sure there are NO SURRENDER CHARGES properties are perfect candidates. ProďŹ ts for rolling over an existing account.) from these investments are tax-deferred SpeciďŹ c rules exist about what you CAN (or tax-free with a ROTH IRA) if your 7KLV RIÂżFH EXLOGLQJ QRUWK and CANNOT do with your real estate IRA. real estate IRA buys, owns, and sells the of Mitchell Ave on the Make sure your IRA custodian explains these property. South Belt Hwy is perfect to you. Remember, limits exist on how much for a real estate IRA. Things You CAN Do you can contribute to your IRA each 1. Your real estate IRA can buy and sell year. But, there is NO LIMIT on how many types of real estate including raw land, commercial much your IRA can earn. properties, rental properties, condos, ďŹ xer-uppers, Also, real estate IRAs are a specialty. Get good lakeshore and more. Make sure you know: THE SELFprofessional advice before starting one. DIRECTED REAL ESTATE BUYS, OWNS, AND SELLS THE PROPERTY, NOT YOU PERSONALLY. You don’t withdraw the money from the IRA to buy the property – raysisson @ the custodian buys the property in the name of your selfdirected real estate IRA. stjoseph.net 2. The property can be rented but the rental income is paid into your IRA, not to you. www.raysisson.net 3. All expenses of renting and operating the property
A division of John Rauth Construction Co.
Ray Sisson CCIM
By Appt. Only
CBIZ
26th & Patee 816-232-2225
2700 North Belt Highway 6W -RVHSK 0LVVRXUL ‡
Insurance Services, Inc. 218 S. 7th St. • 816-233-0201 40199389
GENERAL PROPERTIES
‡ Serving Only Commercial Clients