American IRA CEO, Jim Hitt
James Hitt offers an alternative viewpoint: that healthy rental property prices can actually be a very good thing for those with a Self-Directed IRA that want to invest in real estate.
Charlotte, NC (PRWEB) May 28, 2016
After a recent slideshow at NREIOnline.com pointed out the most expensive rental properties in each state, it’s popular for many to see a growing chasm between the rich and the poor in the country. But American IRA CEO Jim Hitt offers an alternative viewpoint: that healthy rental property prices can actually be a very good thing for those with a Self-Directed IRA that want to invest in real estate.
“I see a lot of people who are able to use their Self-Directed IRA for real estate,” said Jim Hitt. “And they really enjoy the fact that they don’t have to manage these properties hands-on in order to generate an income. For anyone looking to retire with a healthy income, purchasing rental property can be one of the best decisions they’ve ever made.”
The slideshow at NREIOnline.com browsed through all 50 states to find some of the most expensive rental properties available—selections included a $40,000-per-month rental property in Arizona and a five-bedroom property in Malibu that cost millions of dollars per year to rent out. On the surface, it’s tempting to see these rental property prices at outlandish, but sometimes, renting can work out for both owner and tenant.
“When owning is expensive, people without a lot of capital still need a place to stay,” said Jim Hitt. “And owners need to find viable options for their retirement money. In many cases, these arrangements are win-win, with a side bonus of generating work for property managers that are able to ease the load of property owners.”
Although rules for Self-Directed IRA investments in real estate do have some limits—for example, owners cannot live in an investment property—many future retirees find that these properties can represent some of the most reliable income possible.
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.
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