To each his own.One of the benefits of IRAs and 401k plans that I haven't seen mentioned is that both plans are basically untouchable in the event of bankruptcy, lawsuits, etc.

Figured some BP members would benefit from this share and discuss thread....Here's what was sent to me recently in regards to my rental property.

A lot of investors I come across don't consider the benefits or are simply unaware of some of the best financial planning strategies out there especially when it comes to estate planning and tax implications, working an insurance policy as a creative investment vehicle, leveraging debt, and using things like Charitable Remainder Trusts.

The other thing is you still will get some benefits b/c you always can still reduce your taxable income with paper deductions such as depreciation.

:) :) :) :)Servicing benefits the borrower as well, get them to split the cost and do yourself a favor, get a servicer, IMO. :)

I'm guessing the access to MLS and finding another broker to bounce deals off of would be advantageous, but what other benefits are there that I'm not aware of?

That's one of the benefits of buying property to hold (rent).

Is there any benefit to approaching them as opposed to just keeping an eye on them to see when they actually do start going through the foreclosure process?

. - Three things sir.1) This and any other business where you have to survive on your own (create your own paycheck, create your own benefits package and create your own retirement plan) is not for the weary.

Is there a benefit to anyone involved to wholesale an REO?