EAGLESTAR.NET LAND AND PROPERTY REVIEW
http://www.eaglestar.net
Issue #59
March 20, 2009

IN THIS ISSUE:
Properties of the Week: CA, GA, KY
Real Estate Roundup:
- Investing in Land w/ a Self-Directed Retirement Account
Auction News: AZ, CT, KY, TN
Sponsor's Corner:
- 44 Acres with Ocean Views
LandTerms.com Term of the Week:
- Common area


PROPERTIES OF THE WEEK
95 Acre Horse or Cattle Property
Hortense, Brantley County, Georgia
95 Acres - $315,000
Horse or cattle acreage with pole barn, located in southeast Georgia. This
property has 3 ponds and 95 acres of beautiful land. Owner financing also
available. Listing ID: 19040. View photos and more information at
http://www.eaglestar.net/gch4-.html

Custom-built Brick Home For Sale
Columbia, Adair County, Kentucky
4.1 Acres - $319,500
One-of-a-kind custom brick house sitting on a beautiful 4.1 acre lot. This
one-owner house has 3 bedrooms, 2 baths, a large great room with cathedral
ceiling, office, large kitchen and dining area. House has basement with large
family room finished and remainder for storage. Entrance into house greets you
with a beautiful stone finished porch. Listing ID: 20887. Photos and more
information at http://www.eaglestar.net/hly7-.html

7 Lot Ready-to-Build Subdivision
Gerber, Tehama County, California
10 acres, 3 barns - $180,000
10.03 acres - $140,000
10.02 acres - $120,000
7.45 acres - $75,000
6.42 acres - $75,000
10.66 acres - $125,000
6.72 acres - $89,000
Beautiful new 7 lot Lassen View Estates subdivision in Gerber, about 14 miles
south of Red Bluff. 1/2 hour to Chico, 1/2 hour to Redding. All 7 lots
currently for sale. Each has creek frontage and buried power lines. Lots range
from 6.42 to 10.66 acres, one lot has 3 barns. CC&R's in place to protect your
investment. Listing ID: 20178. Photos and additional information at
http://www.eaglestar.net/ekt4-.html


REAL ESTATE ROUNDUP:
You Can Invest in Land with a Self-Directed Retirement Account
by Lou Jewell, Accredited Land Consultant

No one wants to talk about it. But did you know that you can invest in land,
improved and unimproved, with a "Self-Directed Retirement Plan"?

Traditional IRAs, SEP IRAs, Roth IRAs, 401(k)s, 403(b)s, Coverdell Education
Savings (ESA) a.k.a. Educational IRAs, Qualified Annuities, Profit Sharing
Plans, Money Purchase Plans, Government Eligible Deferred Compensation Plans,
and Keoghs are ALL qualified plans that can be converted into "Self-Directed
Retirement Plans". See the Internal Revenue Service’s website (www.IRS.gov),
Publication 590. On pages 40-41 you will see what investments are not allowed
through these plans. Land is not included and therefore qualifies, as do other
types of real estate investments.

The traditional investment community has control of more than 97 percent of all
retirement accounts, and they have been making a great living off of your
hard-earned money by recommending investments in stocks and mutual funds. Most
investment and financial magazines and TV and radio investment shows are filled
with advertisements for brokerage firms and mutual funds. I would bet that
your stock broker or financial advisor has not advised you on how to invest in
real estate through your IRA or 401K plan, or other qualified plan.

It is my opinion that this option is "under the radar" because investment firms
do not make money on land transactions. Why? Because they are not licensed real
estate agents. As stated on the IRS website "...because of 'administrative
burdens,' many IRA trustees do not allow IRA owners to invest IRA funds in real
estate. IRA law does not prohibit investing in real estate but trustees are not
required to offer real estate as an option". No commissions for real estate
sales may have a say here described as "administrative burdens".

An Individual Retirement Account (IRA) is a personal savings plan that allows
you to set aside funds for your retirement. Investments made within these plans
grow in either a tax-deferred or tax-free environment. The IRS allows your IRA
to earn tax-free or tax-deferred income with NO limitations on how much you
receive---you can earn thousands of dollars with no tax consequences. A
"Self-Directed IRA" will allow you to choose your own investment strategies to
earn significantly more for your retirement.

The term "self-directed" does not actually have any legal connotation. It does
not imply a different type of IRA, or a separate set of IRS rules.
"Self-directed" is simply an accepted industry term indicating that the IRA
custodian is allowing the IRA owner greater control over his or her investment
decisions. When an IRA account is self-directed, the IRA owner makes all
investment decisions and instructs the custodian to act. You must have a
custodian as a third-party administrator.

Be careful who you choose as your custodian. Most of these "professionals" are
part of the same old 97 percent controlling crowd previously mentioned. Our
recommendation is that you find one that charges an administration fee and
believes in land investments. Our recommendation is to stay away from investing
your IRA money into an S corporation. S corporations only allow individuals
(not entities) and certain permitted trusts to be investors. So if your IRA (an
entity) is the investor, the S Corp would lose its status and its tax rate
would change to a potentially less favorable one. Roth accounts can be used but
take time to accumulate larger funds portfolios.

When purchasing land with funds coming from an IRA, remember that the IRA
itself must purchase the land and hold the grant deed. All property taxes for
that land must also be paid from the IRA. The self-directed IRA should be
opened first with cash or funds rolled over from other IRAs, 401ks, retirement
plans, and then the land should be purchased. Large tax penalties can occur if
these transactions are not done properly. Proper care in deciding when to sell
or lease the land is also important. Land, especially pre-developed land, is a
long-term investment and often needs to be held for a minimum of five to seven
years to produce the highest returns.

You can leverage a land purchase with as little at 15 percent down and amortize
20 years with Farm Credit Services. We in the industry refer to Farm Credit as
"The Land Bank". Farm Credit offices are located throughout the United Sates
with different names (www.farmcredit.com/index.html). Farm Credit has the most
consistent programs for land investors. Because of your increased buying power
when you use leverage, the profits you make from the ability to use leverage
can greatly outweigh the tax associated.

In addition to IRS Publication 590, I would also recommend that you check out
(www.iraaa.org/index.aspx). The IRAAA is a nonprofit, education-oriented
alliance of financial planning, real estate, legal, banking, investment, and
accounting professionals interested in further developing the niche industry of
Self-Directed IRA & 401(k) investing. The organization’s promise is "to provide
affordable, unbiased and comprehensive education on the topic of investing with
a Self-Directed IRA or Solo 401(k)". Also, make sure that you Google
"Self-Directed Retirement Accounts" and other associated words. And do your
homework. This article's mission is to stimulate your creative juices and is
only part of this untold story. After all you be in control of your own destiny
and have the benefits of being a land owner... and that offers you the greatest
freedom that there is.

In closing I invite you to review the results that the traditional investment
community has had control of over 97% percent of retirement accounts, and
"they" have been making a great living off your money. Look at the mess we are
in. Ask yourself why would "they" want to let you know about alternatives that
"they" would not be able to charge for?

As a result of my counsel, my land investors have not lost a single dime and
will not in the future. Land is the oldest and most stable investment there is.
I am an Accredited Land Consultant (ALC) of the Realtors Land Institute, and
you can search for an Accredited Land Consultant in your region at
http://www.rliland.com. ALCs are the professionals you can trust to help you
evaluate the investment potential and the "Highest and Best Use" for future
development and utilization. They are ready to help you find that piece of dirt
that will provide for you and your family for years to come. Land has always
provided, and it always will.

Lou Jewell ALC
Accredited Land Consultant
Specializing in Land Investments and Rural Land Development
Website: www.danriverrealestate.com
Telephone: 1 336 669 1405


AUCTION NEWS
Browse thumbnail photos and short property descriptions at
http://www.eaglestar.net/Land_Auction_Calendar/index.html

Upscale Golf Course Home
Tuesday, March 24, 2009
Payson, Gila County, Arizona
Luxury home with detached guest casita, upscale amenities include wine cellar,
wet bar, jetted tub, oversized shower, natural stone, wood flooring, Pella
windows, granite countertops, bronze fixtures and many other custom features.
Views of 3rd fairway. Detached guest casita provides full living quarters for
guests including a kitchen and one-car garage, and views of the water and 5th
fairway. Listing ID: 23199. Find photos and additional auction information at
http://www.eaglestar.net/ww4.html

One-of-a-Kind Vintage Luxury Home
Wednesday, March 25, 2009
Stamford, Fairfield County, Connecticut
Enchanting 1926 Cotswold Cottage with 5 bedrooms, 4.5 baths, and 5,457+/-
square feet. This storybook home sits back off the road and has a gated
entrance with a brick driveway. Many unique living spaces, irreplaceable
features and details throughout. Extensive wood paneling and built-in armoires,
rich hardwoods and wall panel murals in the den, dramatic ceiling beams and
marble fireplaces. Listing ID: 23200. Photos and more information at
http://www.eaglestar.net/ww5.html

Home Plus Appliances and Other Household Items
Saturday, March 28, 2009
Columbia, Adair County, Kentucky
This modern vinyl siding house fronts on new Hwy. 61 and offers a private
setting with a beautiful countryside location. House has central heat & air,
double pane tilt-in windows, black top drive & more! 2 large bedrooms, large
bath, living room, kitchen/dining combo with oak panel cabinets and appliances,
nice covered front porch, side entry with ramp, and also a storage building on
property. House would be an ideal starter home or perfect for a retiree. The
small acreage is partially wooded and a new survey is currently in progress.
Other property for sale: refrigerator, stove/oven, microwave oven,
miscellaneous furniture, TV, dishes and glassware, and more. Listing ID: 23451.
Photos and more information are available at
http://www.eaglestar.net/hth25-.html

5,835 Heavily Timbered Acres
Tuesday, April 7, 2009
Crossville, Cumberland County, Tennessee
The Walden Reserve Property, nestled in the Tennessee Mountains on the
magnificent Cumberland Plateau, is truly one of a kind. This offering of 5,835
contiguous acres all heavily timbered is a once in a lifetime opportunity.
Natural springs and mountain streams are abundant throughout the property. This
timber property will be divided and offered at auction on April 7. It is
located just a few miles southeast of Crossville, TN. Don't miss out on this
opportunity to purchase a large piece of timber land in beautiful eastern
Tennessee. Listing ID: 23097. Find photos and more at
http://www.eaglestar.net/snydr.html

Absolute Auction, 6 Tracts with Owner Financing
Saturday, April 18, 2009
Russell Springs, Russell County, Kentucky
52+ acres in 6 tracts. Tract 1 has like-new mobile home and storage building.
Tract 2 is a 25 acre farm with fence, barn, pond, spring, some pasture and
woods. Tracts 3-6 are 6 acres each with well water and road frontage, partially
wooded. Located near the Russell/Pulaski County line in the Brown Ridge
Community, just minutes from Lake Cumberland. Listing ID: 23359. See photos and
more information at http://www.eaglestar.net/knp3-.html

Western Kentucky Hunting Land
Saturday, April 25, 2009
Tolu, Salem, and Marion; Crittendon, Livingston, and Caldwell Counties,
Kentucky
Trophy deer hunting! 887 acres of prime hunting land offered at auction in 6
tracts ranging in size from 57+/- acres to 213+/- acres. These properties
feature ponds, food plots, homes, cabins, crop land, CRP income land, river
frontage, timber, farming operation income, and more! Crittenden County along
with the surrounding counties of Caldwell and Livingston consistently produces
big whitetail bucks. Western Kentucky is quickly becoming a preferred
destination for hunters looking to harvest Boone & Crockett class whitetails.
Listing ID: 23273. Photos and more information at
http://www.eaglestar.net/dle3-.html


SPONSOR'S CORNER
The Land and Property Review would like to thank this week's sponsor:
44 Acres with Ocean Views
Loleta, Humboldt County, California
Where else but Humboldt would you find 44 acres with panoramic views of the
Pacific Ocean and Humboldt Bay? Just a ten minute drive from Eureka or Fortuna
to this prime building land. 2 parcels of hard-to-find bay and ocean view
property. Same family owners for over 60 years. One parcel is 18 acres, the
other is 26 acres. Owner wishes to sell both together. Currently leased as
grazing land. Pick the spot for your private dream home. Listing ID: 20736.
Photos and more information are available at
http://www.eaglestar.net/rss1-.html


LANDTERMS.COM TERM OF THE WEEK
http://landterms.com
Each issue we feature a real estate, forestry, natural sciences or other
land-related term from our partner site, LandTerms.com.

This week's term: Common area
Land or improvements designated for the use and benefit of all residents,
property owners and tenants of a particular subdivision, townhouse or
condominium complex, or other such residential development. Typically includes
recreation areas such as workout facilities, gymnasiums, tennis courts,
swimming pools, jacuzzis, saunas, etc.; any open land without structures is a
common area, as are parking spaces and structures, roofs, lobbies and
entrances, hallways, and the like.

Find thousands of land-related terms, definitions, articles, abbreviations,
quotations, and more at Landterms.com! Click on the "Categories" button at the
top of each page to see the list of over 35 categories.


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