Peter, whose name has been changed for anonymity, is a long time Commercial Real Estate broker who once owned a large brokerage firm in Central Florida and now is an independent broker
“I first became aware of NuView and self-direction at a presentation that was held in my office in Orlando. The fact that I could put my retirement funds to work in the very environment that I knew – rather than the unpredictable stock market made me roll over my IRA held by Fidelity to NuView.”
My first investment was a condo in Winter Park, a popular suburb of Orlando, buying at a discount of 40% during the market downturn. While others didn’t like the HOA fees associated with condos, I have never minded them, as it makes being a landlord so much easier. Once I figured out the cash flow I was making, I didn’t want to stop, and pouring in much more of my IRA funds into buying more real estate – and now I have 12 units with NuView.
I did one other more risky thing – I found a plot of land that could be subdivided into 3 buildable lots, within a few miles of downtown Orlando, and bought the lot for $150,000 within my Traditional NuView IRA. Now a few short years later, I seem more like a genius, selling the lots for $100,000 each, doubling my IRA investment in three years. Best thing is, no capital gains on the sale – It all went back in my IRA, and perhaps to more condos.
My real estate investment strategy is simple – I only buy property within 10 minutes of my home (I understand this market best), and with the exception of the lot purchase, only buy properties that have a strong cash flow. I love the fact that if I can’t figure out how to best structure the transaction, NuView is always available to discuss the transaction from the IRA perspective.
Peter has been a NuView Client since 2005 and his IRA assets with NuView are now 4 times larger!
