12/12/13 Finding Upside in Real Estate’s Downturn: Real Estate Risk-Takers - Bloomberg

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Bravery.%20Some%20four%20%20years%20after%20the%20markets%27%202007%20peak%2C%20housing%20prices%20continue%20their%20%20descent.%20That%20makes%20it%20a%20terrible%20time%20to%20buy%20%22if%20you%27re%20someone%20looking%20%20to%20flip%20a%20house%20in%20the%20next%20months%2C%22%20says%20Joseph%20Jennings%2C%20investment%20%20director%20for%20PNC%20Wealth%20Management.%20%22If%20your%20holding%20period%20is%2010%20years%2C%20%20there%27s%20potential%20to%20find%20good%20value%20if%20you%20do%20your%20homework.%22%3C%2Fp%3E%3Cp%3EBloomberg.Com%20%20talked%20to%20investors%20buying%20where%20many%20fear%20to%20tread.%20Read%20on%20to%20see%20how%20they%27re%20betting%20on%20a%20real%20estate%20recovery.%3C%2Fp%3E%20Photograph%20by%20Getty%20Images%20&Source=Bloomberg.Com)

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Finding Upside in Real Estate’s DownturnBy Ben Steverman - Sep 27, 2011 2:19 PM ET

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Real Estate for RetirementTax-deferred individual retirement accounts,

or IRAs, are commonly used to hold bonds

and stocks. They can also hold real estate if

certain conditions are met. Adam Bergman,

a tax attorney at IRA Financial Group who

helps investors set up self-directed IRAs,

estimates clients have put $430 million of

retirement money into real estate in the past

year. Properties are owned through limited

liability companies, which in turn are owned

by the IRA. While still in tax-deferred

accounts, properties can't be used for

personal purposes and must be renovated

and managed by third parties. "There are

guidelines you have to follow but they're

simple," says Rick Rogers Sr., who has

bought four foreclosed houses with IRA

funds.

Photograph by Jin Lee/Bloomberg News

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12/12/13 Finding Upside in Real Estate’s Downturn: Real Estate Risk-Takers - Bloomberg

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• Reply •

Haarent fernung München • 2 years ago

The traditional buyers have been sitting on the sidelines this year.

• Reply •

Las Vegas Forec losures • 2 years ago

Buying and selling foreclosed houses and properties is also a great business. It's a

growing industry, and would be a great way to turn it to investments. But if you were

planning to do this business, it would be better to be cautious to inspect this homes

before buying homes. Recent homeowners maybe cheaters, they might put some

damage before they leave the house..

• Reply •

Mortgageboss • 2 years ago

Investors buying bank owned homes has been the biggest group of home buyers in my

market. The traditional buyers have been sitting on the sidelines this year.

• Reply •

Guest • 2 years ago

Read the "Coming New Dark Ages: The Truth About the U.S. Economy" to see why the

debts of the world's advanced economies can be reconciled only by default, regardless

of fiscal or monetary policies.

1

• Reply •

Alexander Thornade • 2 years ago

Interesting post!! I really like this site, and hope you will write more, thanks for your

information.

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