Being a REALTOR® and navigating the financial landscape may be just as unpredictable as the market. Maintaining financial stability throughout the year is essential due to the fluctuations in the spring selling season. This is where NAR REALTOR Benefits® comes into play, providing special services designed to assist you in strategically increasing your wealth. Learn three strategies for increasing your profits with your reliable business partners by continuing to read.

Utilizing Retirement Funds To Invest In Real Estate

No one knows real estate like a REALTOR®. Thus, why not invest in your boat? IRAR Trust Company(link is external) and NAR have teamed to offer tax-advantaged options for strategic real estate investment opportunities. IRAR Trust understands that the secret to a profitable journey toward financial independence is the agents' knowledge. Their intuitive approach, which focuses on real estate, the investment that REALTORS® are most familiar with, clears the path for retirement.

Joanne Rodriguez, one of the members, explained why she chose to use the self-directed retirement funds offered by IRAR Trust, saying, "Who needs the stock market? Investing in what you know is advised by financial advisors. I have been maintaining a self-directed IRA with four rental properties for more than five years, working with IRAR Trust.

The procedures are easy to follow: To begin investing, members just need to open an account (link is external) using their M1 number, fund it with newly contributed funds or existing retirement savings, and then invest! For REALTORS® wishing to increase their wealth, it's an obvious investing option because to the user-friendly platform.

To Increase Your Monthly Cash Flow, Refinance Your Debt

The present is the ideal moment to take charge of your debts and refinance with a lender that prioritizes your needs. Recently, NAR REALTOR Benefits® and SoFi(link is external), an all-in-one financial services platform, teamed to assist members with banking, borrowing, investing, and money protection at every turn.

Utilize SoFi's (link is external) debt workbooks to assess your financial status and compare member-only savings on personal loan rates, student loan financing, and cash bonuses for mortgage loans.

One of the most important steps in releasing cash flow for future investments and financial objectives is to refinance your loans.

Plan For A Rainy Day On A Sunny One

The last thing anyone wants to consider after closing a deal is getting ready for a sluggish downturn or an unforeseen life crisis. However, it is crucial to prepare for an unpredictable future. You'll feel more at peace in the event of a challenging future circumstance if you dedicate even an hour to reviewing your insurance options and creating a strategy for your household.

A wide range of insurance options are available via NAR REALTOR Benefits®, including coverage for pets, homes, cars, health, and dental care. Create a personalized auto, home, or rental plan with Liberty Mutual(link is external). Take advantage of special vehicle insurance discounts that you may offer your clients. With group life, dental, and vision insurance as well as health coverage options from REALTORS® Insurance Place(link is external), you can prepare for the unexpected. It's now simpler than ever to investigate coverage alternatives for every member of your family, including pets, thanks to their member-only online marketplace. Additionally, NAR REALTOR Benefits® has teamed up with Victor Insurance Managers LLC(link is external), one of the biggest and most seasoned underwriting managers of specialty insurance programs globally, to offer premium credits toward industry-leading errors and omissions insurance for members with more specialized insurance needs.

Don't leave your financial planning session without taking a moment to confirm that the aforementioned reliable partners are providing coverage for you and your family. REALTORS® may confidently navigate the financial landscape and ensure long-term financial security regardless of market volatility by utilizing these special resources!