Self-Directed IRA Administrator Explains Foreclosure Properties within a Real Estate IRA
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. RALEIGH, N.C. (PRWEB) February 13, 2018 Holding real estate within an IRA is not news to some, but the idea of holding foreclosure properties within a retirement account can be foreign territory to many investors. Recently, Jim Hitt of American IRA in North Carolina released a blog post explaining the positives and negatives of handling foreclosure properties within a Real Estate IRA. One of the most obvious positives, points out Jim Hitt, is the fact that many foreclosed properties can be acquired for a discount. Because the properties were foreclosed upon, they’re often available for a fraction of the price they would have sold for in normal circumstances. This means that there are potential bargains in the world of foreclosure investing–which in turn can make for tremendous growth within a Real Estate IRA, says JIm Hitt. Jim Hitt does point out, however, that the margi...