Archive for the 'Real Estate Investing' Category
Want More Evidence That Housing Is Turning Around?
August 20th, 2009 categories: Real Estate Investing, Real Estate News
Best Cities For A Housing Recovery
Forbes magazine identified 161 of the country’s largest metro areas where sales activity has increased compared to 2008 and where foreclosure sales, as a percentage of total sales, are low.
Forbes magazine considers these markets as on the road to recovery:
- Miami-Ft. Lauderdale, FL
- Lincoln, NE
- Colorado Springs, CO
- Salem, OR
- San Luis Obispo, CA
- Bremerton, WA
- Denver, CO
- Redding, CA
- Santa Barbara, CA
- San Jose, CA
For more real estate news and information contact me at (305) 329-4929 or solovay.m@ewm.com
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Single Family Home Real Estate Market Report for Aventura, FL
June 26th, 2009 categories: Aventura, Market Reports, Market Trends, Real Estate Investing
Aventura, FL 33180 – Single Family Homes as of 6/19/09
This Week
The median single family home price this week is $722,000. Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Price
This week saw relatively little price change from last week, however, we continue to demonstrate a nice up trend over the last several weeks.
Price and Value
The market appears to be Read the rest of this entry »
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Consider Investing Your Retirement Funds In Real Estate
February 19th, 2009 categories: Buyers, Real Estate Investing, Real Estate News
Retirement Planning: Buy Real Estate in Your IRA
Most people do not realize that there is an IRS provision that let’s them use their Self-Directed IRA to purchase real estate. This can be an excellent way to invest in that foreclosure property you were interested in. Remember, your investment grows tax free in an IRA.
What types of Real Estate can be used for IRA’s?
- residential
- condos
- multifamily units
- land
- commercial strip malls
- hotels
Why have the IRA invest in Real Estate?
- dissatisfaction with stocks & bonds
- real estate is a tangible asset
- real estate produces rental income which is tax free until distribution
- great appreciation at this time with foreclosures & REO’s
Yes, you can hold property in your retirement account, but there are many rules so be careful. A mistake can turn into a tax disaster. Be sure to follow Self-Directed IRA rules. You have to get your dollars from your retirement custodian (probably your broker) to an independent custodian that offers real estate as an investment option.
While real estate isn’t appropriate for everyone’s retirement account, it should at least be looked at as another option in retirement investment alternatives. Consult with an expert in the field.
For more information please contact me at (305) 329-4929 or solovay.m@ewm.com.
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