Imagine taking advantage of the continual rebounds the U.S. real estate market is experiencing, all from the comfort of your retirement account.
“We have a continued, gradual recovery,” said Brian Jones, a senior U.S. economist for New York’s Societe Generale in a recent Bloomberg story. The article went on to detail specific data on property values, but stated home prices overall rose by the most in seven years as the recovery in residential real estate continues to gain momentum.
Shortly after that news, Yahoo! Homes quoted a RealtyTrac report that listed the top 25 U.S. markets for flipping homes — including some that offer more than 50% gross returns. Luckily for our local Floridians, Orlando and its neighbor Tampa made it to the top of the heap.
What exactly does this mean for you and your self-directed IRA? It means it’s time to earn some returns.
For years now people have been waiting to dive back into the realm of real estate investing out of fear of another housing bubble burst. In reality, we are far from it. According to Daren Blomquist of RealtyTrac, Orlando had one of the worst foreclosure rates in America throughout the past five years, but its average home price rebounded at a 12% annual rate during the beginning of this year. Now seems a better time than any to invest your self-directed IRA funds into something malleable like the recuperating housing market.
“There is a 2.68 month supply as of May left. That is if no new houses list and none expire or are withdrawn, we will sell through our inventory in 2.68 months,” said Andy Tolbert, a short sale specialist and the director of programing and membership for the Investors Resource Center chapter in Central Florida. Tolbert went on to explain that the numbers are proof of a strengthening market.
Here at NuView, we offer countless educational classes on how easy it is to introduce the booming real estate market to your self-directed IRA. Even if you are familiar with holding alternative assets and you just want to know more, our team is willing and able to help you understand every aspect of your self-directed IRA. Knowledge is power. Knowledge about the real estate market gives you an advantage that could help make investments more profitable. To learn more about your options, give our expert self-directed IRA administrators a call today at 407-367-3472.
