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Single Family Home Real Estate Market Report for Aventura, FL

Aventura, FL 33180 – Single Family Homes as of 6/19/09

Market Update for Single Family Homes in Aventura, FL

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 »

Written by Michael Solovay | Discussion: No Comments »

Consider Investing Your Retirement Funds In Real Estate

Retirement Planning:  Buy Real Estate in Your IRA

Investments

 

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.

Written by Michael Solovay | Discussion: 9 Comments »

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