After a promising first quarter, economists are predicting a stable and flourishing real estate market compared to 2014.New homes sales reached a 7-year high and existing sales jumped 1.2 percent in February.
The potential to begin raising interest rates as early as June has encouraged some existing homeowners to lock in today’s low borrowing costs by purchasing their first investment property.
While most people would expect buying an investment property to be very similar to buying a home, there are a number of key differences and other factors that they should take into consider.
An investor can protect their financial,personal wealth and retirement savings.A self-directed retirement accounts have been available to investors for nearly 40 years.
Every investor thinking about an investment property should first gather the facts on self-directed retirement accounts and how they might be able to use them for the investment.
A self-directed account must be held with a qualified trustee. The trustee is responsible for administrative services, due diligence and filing the proper reports among other things.
Specialized real estate investment groups can handle everything from market analysis to building permits whom all are expertise in the field.