Funding Charlotte Real Estate purchase with a Self Directed IRA
Funding Charlotte Real Estate purchase with a Self Directed IRA
A "self directed" IRA is one route many investors choose to fund their Charlotte Real Estate Investments. There are many advantages and they recognize that, just like the stock market, Charlotte Real Estate will have boom and bust cycles. Prices are down from December 05 when the average home value in Charlotte was $146K and down significantly from their high of $161K in June 08 (at the height of the bubble). Real Estate is a commodity, and there are natural business cycles in every commodity. When the Real Estate market slows down many investors are inclined to sell. This creates bargains for those savvy investors, who have long tern wealth building in mind, to snap up the Charlotte Wholesale Deals and be prepared to reap the rewards of the change in direction in their market. We don't think Real Estate will ever disappear as a strong investment option.
The key component of a self-directed IRA Real Estate investment is the term "self-directed". With the help of a trusted and competent IRA trustee/custodian any IRA can be set up as self-directed to fund the purchase of a Real Estate portfolio, with the profits remaining untaxed. This makes it an attractive investment option. The only restriction is that individuals with self-directed IRA real estate holding cannot live in the property they purchase.
For someone new to this method of funding a Real Estate portfolio, engaging the services of an advisor that is well versed in the process would make sense. You may contact me to be put in touch with one of the countries largest and most trusted self-directed IRA trustees. He'll have the expertise to deal with the administrative paper work and mechanisms.