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Showing posts from February, 2018

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...

Asheville City Council members say better anti-sprawl rules needed at city’s edges

(Photo: Citizen-Times file photo, Citizen-Times file photo) ASHEVILLE – City Council members want tighter development rules outside city limits in unincorporated areas near South Asheville and possibly places such as the town of Woodfin. Because they are outside Asheville, those are not places over which the city government has any control, at least not any more. But council members during a two-day Thursday and Friday retreat said it would be good for zoning rules to be more consistent around the city border and for neighborhoods outside Asheville to have more input on projects that affect them. Mayor Esther Manheimer also said Woodfin, which abuts Asheville’s northwest side, should reduce mountaintop and steep slope construction. The main proponent of the idea was Councilman Vijay Kapoor, the first South Asheville councilman to serve in 13 years who was propelled into office in part by voter concerns from that area over traffic and development. "You have a situation where w...

Tennis scene booming in Asheville, and Fed Cup will boost it even more

(Photo: Courtesy of Asheville Racquet Club) Sure, Asheville has been riding a tennis high. After all, an international tournament coming to town, headlined by the legendary Williams sisters, Venus and Serena, has created stellar buzz. The Fed Cup, an international women’s tournament that wraps up today at the U.S. Cellular Center, undoubtedly will give our fair city a serious prestige bump in the tennis world. But Asheville’s tennis scene has been hopping for years now — decades, actually. "You’ve got to to remember — tennis in North Carolina started actively in two places: one was Pinehurst and the other one was Asheville," said Kelly Gaines, executive director of the U.S. Tennis Association-North Carolina. The game came to North Carolina in the 1890s from Bermuda, after gaining popularity in England. A Chapel Hill professor built a sand court on his property, and the game slowly spread across the Tar Heel State. Wealthy travelers coming from Newport, Rhode Island, and...

Asheville School to host 2018 Project Connect Summer Conference

There is no doubt that the brief but influential life of Black Mountain College produced many of the 20th Century’s most famous artists—painters, writers, musicians, dancers, weavers, ceramicists, and photographers—while also providing a scaffolding on which to construct many of our current ideas pertaining to interdisciplinary studies – and the centrality of the arts in curriculum. Come join the conversation at Project Connect’s three-day conference, Black Mountain College: An Interdisciplinary Experiment, held in June on the beautiful campus of Asheville School, in Asheville NC. Leading expert in the field, Mary Emma Harris, author of the seminal text, Black Mountain College and the Arts, will offer both a keynote address as well as a workshop: “BMC + Meaning in Contemporary Education.” Dr. Katherine de Vos Devine, former director of The Black Mountain College Museum + Arts Center, will provide the second keynote. Her talk, entitled “The World’s Most Successful Failure: the Life Cy...