Self Directed IRA Investors Cash In From First Time Homebuyer Credit Extension
Released
on: November 24, 2009, 10:09 am
Author:
Truly Self Directed
Industry: Real Estate
With the volatility in the stock market and the
increased number of homebuyers eligible for the federal home buying
stimulus, Self Directed IRA investors seek refuge in distressed real
estate investments.
Austin, Texas, November 24, 2009 - The recent extension of the $8000 Federal First
Time Homebuyers Tax Credit along with the deflation of real estate prices across the
country "may bring about an opportunity for those who know how to purchase real
estate and have money inside an IRA," says Josh Moore, President of Truly Self
Directed.
The public is beginning to recognize the income potential represented by low-cost
real estate and an increasing number of consumers are looking towards the
possibility of using a self directed IRA in order to make these investments a part
of their retirement strategy.
Self directed IRAs are themselves rapidly becoming more popular with Americans
looking nervously at the still unsettled stock market as they plan for their
retirement. Especially in the midst of a recession, real estate is looking like a
safer bet than stocks or mutual funds; and the returns are typically far higher than
those seen with a traditional IRA invested in a CD.
"With housing prices lower than they’ve been in years and the First Time Home
Buying Tax Credit being extended until June of next year, this is unique time within
the real estate market. There is an enhanced number of willing buyers out there
right now, and for those investors who are willing to purchase real estate in their
IRA, there's a lot of potential to capitalize on low home prices and an increased
buyer's pool," adds Moore.
"A self directed IRA isn’t the right choice for everyone - but then again, neither
is a traditional IRA earning next to no returns in CDs. For anyone interested in
growing their IRA outside the stock market, now may be an ideal time to look into
real estate while the First Time Home Buying Tax Credit is still available," adds
Moore.
It's hardly news that now is a a prime time to buy a home - and with the tax
credits currently available to first time homebuyers, it looks to be a good time to
add investment property to your IRA planning as well. Consumers rattled by the
instability in the stock market and dismayed by the low returns of traditional IRAs
may find something like the real estate IRA more flexible and just what the doctor
ordered.
About Truly Self Directed:
Truly Self Directed is an Austin, Texas based firm specializing in structuring and
managing self directed IRAs, a more flexible alternative to the traditional IRA. For
more information about Truly Self Directed and their self directed IRA services,
please visit: www.IRALLCPartner.com
Contact Information:
Truly Self Directed
Josh Moore, Principal
# 150W, 9600 Great Hills Trail
Austin, TX 78759
877-339-4559
http://www.IRALLCPartner.com
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