American IRA CEO, Jim Hitt
People need to know that their options aren’t limited to major-market cities, just as their options aren’t limited to investing solely in the stock market.
Charlotte, NC (PRWEB) May 18, 2016
American IRA Chief Executive Officer Jim Hitt responded to the National Real Estate Investor’s recent slideshow, “11 Best Non-Gateway Cities for CRE Investment,” calling it a “subjective” list that doesn’t paint a full picture of real estate investing in the U.S.
“There are a lot of opportunities for those with a Self-Directed IRA to invest in commercial real estate,” said Jim Hitt. “This list includes a lot of major-market cities and ignores some of the other opportunities that are out there.”
The list, which included Houston, Portland, Raleigh-Durham, Atlanta, Charlotte, Dallas/Fort Worth, Nashville, Denver, Seattle, and Austin, even included one city that could be categorized as a gateway city: Miami, Florida.
“That’s a strange inclusion,” said Jim Hitt. “But there is more than one definition to a ‘gateway city.’” Jim Hitt noted that by some definitions—including major market sports franchises and population—Houston, TX and Dallas could both be considered gateway cities.
Jim Hitt applauded the inclusion of some of the less-conventional names on the list, including Raleigh-Durham and Charlotte, both located in American IRA’s home state of North Carolina. “It’s nice to see investors wake up to the potential of these real estate markets,” said Jim Hitt.
Jim Hitt, the chief executive at American IRA, which specializes in Self-Directed IRA knowledge for retirement investors, pointed out that the average investor is capable of investing in commercial real estate through their tax-protected retirement accounts. “People need to know that their options aren’t limited to major-market cities,” said Jim Hitt, “just as their options aren’t limited to investing solely in the stock market. The IRS allows average investors to put money for retirement aside in real estate just as they would in stocks.”
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