Tue 24 Nov 2009
Self Directed IRA Investors Cash In From First Time Homebuyer Credit Extension
Posted by EPR Network under Business, Featured, Financial, Government, Real Estate
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.
