Mugwump Enterprises is affiliated with a number of real estate organizations to provide products and services that will increase your monthly cash flow. Just click on the links below for more information.
Land Banking (buying land in the growth path of a major metropolitan area)
In addition, we are available to be your property manager. Steve Huff of Mugwump Enterprises is the Association Manager (resident property manager) for the Andalusia HOA and regularly consults with other HOAs on association management practices and operations.
Foreclosed Houses and Notes
As you remember from the past few years, countless thousands of houses were foreclosed in the US, and many of the banks that became the owners of these homes ("REOs") also failed.
Large investor groups have been able to purchase "bundles" of these houses from the banks that acquired the failed banks' assets. Now, after they have been renovated, the houses are on the market at greatly reduced prices.
One approach has been to offer "land contracts" ("LC") to would-be owners with good (but not great) credit scores. This allows the purchaser of the "LC" to improve their credit, and live in and own a home. Their monthly payments are less than prevailing rental prices, so everybody wins.
At the same time, there is an opportunity for investors to act as the bank and purchase either the house or the note on the house, and earn a
substantial rate of return.
These notes are secured by the physical property itself. The investor owns the property until the note is re-financed by the end buyer, and there is ongoing monthly cash flow residual income from the notes.
These are also ideal for inclusion in your retirement strategies - all you need is a "Self-Directed IRA". (see below)
Here are two sources for these properties and notes:
1. Private Lender Assistance Network ("PLAN") - individual houses in the Midwest are available at $39,900. American Capital will find a buyer and create an LC note at $50-60K, and set up an LLC for the properties. Income is approximately $450 per month*. Investors hold the note for monthly income (13.5% return per year*), or "flip" the note for immediate income of $3-5K*.
2. Cash Flow Notes - notes that range in price from $45-60K are offered at a discount (typically 25%*). These notes pay 14% per year*, and generate income of $325 to $475 per month* (depends on size of house and location). Hold the note for monthly income, or "flip" the note for immediate income.
For more information, please contact Steve Huff (e-mail or call mobile: 510-304-2519). (* - rates and income cannot be guaranteed)
If you are a property manager or property owner who needs a way to quickly collect mortgage or rent payments each month, ClearNow is the solution. This very low-cost service debits the tenant's account every month and electronically credits your account - no muss, no fuss, and very secure. Your tenants will be reminded in advance by e-mail of an upcoming transfer, and you'll be notified when the payment arrives in your account. This is also perfect for the "PLAN" Houses and Cash Flow Notes described above.
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The IRS allows retirement funds to be used for purchasing assets other than the usual stocks, bonds, and mutual funds. A "Self-Directed IRA" is
easily created by a registered trustee for this purpose.
Provident Trust Group is an excellent trustee for these kinds of assets in a self-directed IRA. Their fee structure is much lower than others that
offer these kinds of IRAs. For more information, go to Provident's "MySelfDirect" web site and watch the short video, "Learn More About Self-Directed IRAs". Then when you're ready, click on the "Open An Account" button. In Step 1, please use the VIP code "CA1010018".
Land Banking is the proven wealth-building strategy of acquiring pre-developed land in the growth path of a major metropolitan area, waiting for its value to mature, and then selling it for a profit.
GreenDeed is a carefully researched and selected Land Banking product that provides individuals with:
Land ownership purchased with a recorded grant deed, fee simple and title insurance
An opportunity for a safe and profitable alternative for building a retirement nest egg, paying for a child's or grandchild's education, or creating an enduring legacy
Owning GreenDeed in Your IRA
You no longer have to rely on the stock market "roller coaster" with your retirement funds, and hope the market will be on an upswing when you're ready to retire.
Did you know that Section 408 of the IRS Tax Code opened the door for you to rollover your IRA (Traditional, SEP, SIMPLE, or Roth) as well as some qualified 401K, Solo 401K, and 403B plans into a self-directed IRA where you can invest in real estate without additional cash or tax penalties? Contact a Land Banking Specialist for more information.
Don't wait to buy land - buy land and wait! It's not too late, and prime California real estate is still available . . .
Please watch this short, 3-minute "Land Banking Presentation", and then contact a Land Banking Specialist. If the presentation doesn’t open in a few seconds, please turn off your pop-up blocker. After the new page opens, just click on the “Begin Now” button on the left-hand side.
