American IRA Released A Blog "Investing in Bank-Owned Real Estate in Your Self-Directed IRA"

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Real estate is booming – especially in North Carolina and South Carolina, which means opportunity for a lot of people. This blog, "Investing in Bank-Owned Real Estate in Your Self-Directed IRA" speaks about how buying distressed real estate is a compelling investment.

American IRA CEO

American IRA CEO, Jim Hitt

Bank owned properties are a unique situation in contrast to traditional real estate sales, the owner is the bank and they have no emotional ties to the property whatsoever. The name of the game for the bank is getting out of that property quickly.

Self-Directed IRAs are excellent vehicles to enable real estate investing. American IRAs recent blog "Investing in Bank-Owned Real Estate in Your Self-Directed IRA" focuses on a tactic many investors are using, buying distressed real estate.

As the blog explains, "Lenders hate to foreclose on properties. This is why they often approve a ‘short sale’ for less than the borrower owes on the house, and sometimes for less than the home is likely worth. Their core expertise is in lending, not property management or selling houses. When they wind up owning a home, the only thing they want to do is get rid of it at a decent price, and take the cash so they can lend it back out again."

Bank owned properties are a unique situation in contrast to traditional real estate sales, the owner is the bank and they have no emotional ties to the property whatsoever. The name of the game for the bank is getting out of that property as quickly as possible.

Another thing this blog covers are REO and Auctions. As the blog states, "There are terrific bargains to be had, but there is considerable risk, as well: Sales at auctions are typically ‘as is.’ If there are any issues with the house it’s the buyer’s problem, not the seller."

Finally, the blog speaks cautions investors "Unless you’re brand new to real estate and this is your first deal and you need the handholding, you probably want to contact the lender directly about any properties they may be looking to auction or sell. They’ll get you the details about bidding procedures, as relevant, and you won’t have a sales commission making your offer that much less competitive to other bidders who don’t have to carry that additional overhead."

Click here to read the entire blog.

About American IRA, LLC:

American IRA is committed to providing every client with gold-level service, regardless of account size. Experience their expertise through their certified IRA services professionals. Enjoy the value with one low annual fee of $285 with unlimited assets and unlimited account values. American IRA clients love the benefit of no charge for "All Cash" accounts. The performance of the American IRA staff is unmatched, with quick and efficient processing within 48 hours.

American IRA services thousands of clients and has over $300 million in assets under administration.

American IRA was built by investors for investors, and brings their successful investment experience to the table, providing excellent educational material showing the public that their self-directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.

American IRA is conveniently located in Asheville, NC and Charlotte, NC, and serves clients nationwide.

American IRA is the sponsor of American Wealth Radio. Click here for more information.

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Sean McKay
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