There are probably several reasons why people haven’t heard of it:
- Most professional advisors, financial planners and/or accountants are not taught this for whatever reasons. In many cases, when CamaPlan conducts education courses for these professionals, it’s the first they’ve heard of it. We provide education credits for attorneys, CPA’s, CFP’s and realtors.
- If an advisor is selling products like mutual funds and life insurance, in many cases they are getting commission on those products. They would not have an incentive to encourage a client to invest in non-traditional assets such as real estate unless they were acting as real estate agents or real estate brokers. Quite simply, there may be a conflict of interest.
- Many realtors are unaware of the benefits for their clients looking for investment properties. Realtors should be telling their clients about this because it could mean buying a higher priced property or multiple properties, which ultimately leads to higher commissions for them.