Real estate data firm RealtyTrac has revealed its list of the U.S. cities that are seeing the most action in the real estate industry.
Cities in Florida and Arizona top the list, which specifically focuses on retirement hot spots and the boosts they’re seeing due to Baby Boomers buying up homes.
In addition, the report spotlights a funding source that investors can use to cash in on real estate deals and potentially save on taxes: self-directed IRAs
“Given the combination of bottomed-out home prices and a still-tight lending environment, utilizing funds from a retirement account to purchase investment homes with cash, or at least with a large down payment, can give individual buyers a better chance of competing in this tight housing market,” explains Daren Blomquist, Vice President of RealtyTrac.
Blomquist will be bringing this real estate market insight to the Equity University Networking Conference
, to take place September 19-23 in Orlando, Florida. The conference will reveal even more ways investors can use their retirement accounts to cash in on real estate.
Along with the report, RealtyTrac released comments from Equity Trust CEO Jeff Desich, who explains the benefits of investing in real estate with a self-directed IRA, as well as actual clients who have used their IRAs to profit from real estate and grow their retirement funds.
For example, Lorraine Walls is considering putting one of her investment homes on the market soon because the value has doubled in the time her IRA has owned it. The profits from the sale would go back into her tax-advantaged IRA. Read all the details here