Join us for our 4/18/2018 bi-monthly Central Texas region RRC (CRS) luncheon. You may want to file a tax extension before, because our speaker will be discussing how you (and your clients) can use your self-directed IRAs to make real estate investments. Come for a great time of networking and education.
Few investors (or even Agents) know about the use of self-directed IRA funds to purchase investment real estate. The process is complicated and for people who don’t follow the rules closely, can lead to the IRS disqualifying the transaction and triggering early distribution payment penalties. Additionally, few lenders care to make loans to these transactions, and as a result the lender options for this type of transaction are extremely limited. Douglas Plummer, Managing Director of Midtown-Independence Title, has purchased investment property with IRA funds and will walk the audience through the process and discuss some of the pitfalls involved in using IRA funds to invest in real estate.
Douglas Plummer has a BA in Economics from Rice University and an MBA from Harvard University. He worked as a management consultant for 10 years before serving as LCRA’s in-house Operations Consultant for their Power Division for three years. In 2006 he co-founded the Midtown Office of Independence Title with his attorney business partner Ed Ishmael. Doug and Ed have grown the Midtown operations from 1 employee to a multimillion dollar title insurance company with staff of 17.
Douglas is an active member in his community. He was one of the founders of Texas Health Action, a non-profit organization that started the “Kind Clinic” which provides free medical services focused on preventing the spread of HIV. He recently completed his three year term on the Board of Trustees for the Long Center, has been the Co-Chair of the Rice University Real Estate Alumni Group.
Of his business and community work, Doug says: “I am happiest when I can use my extensive network to help others. I tend to prioritize building lasting relationships over focusing on short term gain. I think that being ethically rigid and yet operationally flexible with clients creates a client base that respects you and sticks with you over the long haul.”
Refunds will not be issued for this event. No-shows will be charged the full registration amount. RRC reserves the right to cancel any scheduled event. If an event is cancelled you will be notified via e-mail or phone and will be given a full refund. RRC is not responsible for any expenses incurred by the registrant due to cancellation.
For questions, please contact Ted Smith at Ted@WestAustin.com