This is a very active group of investors who are doing well in the Charlotte Real Estate Market. When the Charlotte real estate market dropped during the height of the recession, this group realized immediately that they could turn that into a positive.
Charlotte, NC (PRWEB) August 02, 2014
Jim Hitt will be attending the Charlotte REIA meeting on August 7th. Jim will have a vendor booth at the event and will be available to answer any questions attendees have about the power of tax-free/tax-deferred investing within a Self-Directed IRA.
This is a very active group of investors who are doing well in the Charlotte Real Estate Market. When the Charlotte real estate market dropped during the height of the recession, this group realized immediately that they could turn that into a positive. Their members began purchasing single family homes and converting those homes into rental homes. They were ahead of the curve in recognizing that the housing crisis meant there would be a flood of new people looking for rental homes.
They also realized that affordable housing was going to be coming into demand with many people looking to downsize. Leaving no stone unturned, real estate investors began purchasing distressed real estate, fixing that real estate, and then reselling it at an affordable price. The key here is that although they were reselling it at an affordable price, they were also making a profit.
The team has also come to realize that investing within a Self-Directed IRA meant their profits would be tax-free and/or tax-deferred depending on their IRA account type. This lead some of their members to use their IRAs to invest thus increasing their overall profit due to the tax savings.
Anyone who lives in the Charlotte, NC area and invests or wishes to invest in real estate will benefit greatly by joining this group.
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