Foreclosures: Opportunities Are Ripe, Especially for Self-Directed IRAs

You’ve heard the old adage “When everything turns to lemons, make lemonade.” The current real estate market provides opportunities to make good on a bad situation.

Whereas real estate deals – specifically foreclosures – used to be reserved for moderately experienced to advanced investors, the current market has provided an opportunity for everyone to bite off a little piece of the pie. As a result, the number of foreclosure deals has jumped within the past six months, and more and more people are turning out for county foreclosure sales across the country.

This is good news for people who have a self-directed IRA, as industry sources say the best is yet to come. They expect the value of properties to increase next year – especially in markets that were hot prior to the bursting of the real-estate bubble. So anyone who can acquire property now and maintain or rent it for a year could reap the rewards as early as next year.

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This article is courtesy of Equity Trust Company, a leading provider of self-directed IRAs and 401(k)s since 1974.

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