Thomas J. Powell's Page

Three Tips to Help You Avoid Stepping Face First into Real Estate Risk

Limiting risk in real-estate investments substantially increases your chances of earning high returns. A solid risk assessment prevents you from getting burned, losing your initial investment or much worse. Investors pick real estate for three main reasons: Earn positive cash flow, take advantage of tax benefits or gain the satisfaction of impacting the lives of others. No matter which combination of these reasons att… Continue

There has been a lot of discussion concerning Roth IRAs lately among those planning for retirement. One reason may be because new federal tax laws have changed the limitations placed on converting to a Roth. Plus, the December 31st deadline to convert your traditional… Continue

Retirement Planning Meets Real Estate (And Really Hit it Off)

You are never too young to start saving for retirement. On the other hand, only your specific life circumstances determine if you’re too old. Although earlier is best when it comes to retirement planning, later is still better than never. Whenever you choose to start, it is important to know your options and limitations.
It is difficult to find an employer that offers a consistent pension plan. Those approaching retirement rely prima… Continue

Residential Real Estate
There are dozens of reasons why the residential real estate market bubbled and exploded, causing the ensuing credit crisis and economic strife. The popularity of loans requiring no documentation, the easy access to sub-prime loans and the Federal Reserve’s decision to keep interest rates low all intertwined to fuel the housing crisis. The housing bubble was also inflated by Wall Street’s ability to package and sell mortgages in large pools. Now, after struggling to… Continue