Investing

Hungry for Watercolor Homes, Buyers Get Edged Out

Here is a small article I saw recently from the Miami Herald and I think you can make the same argument for Watercolor Homes and Condos For Sale, and Watersound Homes and Condos For Sale and Seaside Homes For Sale

Hungry for Homes, Buyers Get Edged Out

As South Florida’s home sales have continued to outpace national trends, distressed properties are still dominating the market, with more than half of all homes and condos sold last month at some stage in the foreclosure process. And cash-happy investors have been scooping up these bargain basement deals at a fast clip, often before middle-income buyers can get financing. [Source: Miami Herald ]

To stay on top of what other investors are watching: Foreclosures and Short Sales

Watercolor Foreclosures and Watercolor Short Sales at Watercolor Real Estate News
Watersound Condo and Home Foreclosures and Watersound Condo and Home Short Sales at Watersound Real Estate News
Seaside Condo Foreclosures and Seaside Short Sales at Seaside Real Estate News

Buying Watercolor Real Estate in your IRA

Dollars

Because investing and Watercolor Real Estate go hand and hand I think it’s very important to be informed as possible on how to maximize your investing power. With that in mind I came across this question and answer segment on Smart Money.com that address IRA’s and real estate. Take a look and let me know what you think.

Q. Can an IRA be invested in mortgages or real estate?
—Linda Bruyette, Ellington, Conn

Yes, some real estate (including commercial property, vacation rentals, raw land and mortgage notes) is permitted. At best, real estate provides steady income and long-term appreciation. Usually only special-purpose banks and trust companies offer these investments, as “self-directed IRAs.”

Potential risks are high. “Self dealing” is strictly prohibited—which means you can’t invest in something you or immediate family members use or benefit from. Otherwise your entire IRA balance is treated as a withdrawal and subject to relevant taxes plus a 10 percent penalty if you’re under age 59 1/2. Plus, there’s the liquidity issue: You need a big IRA to handle buying and maintaining property while also keeping a diversified portfolio. And if you need out quickly, you better hope for a robust real estate market. A good real estate mutual fund or exchange-traded fund is a simpler choice.

Click on the links to find Watercolor Foreclosures, Watercolor Short Sales, Watercolor Homes For Sale, Watercolor Condos For Sale

Also check out The Destin Real Estate News, Watersound Real Estate News, Panama City Beach Real Estate News.