Smart Money Magazine this month has done a special, on 5 ways to put your cash to work for you. Some of you may have cash from pulling out of the stock market in time or even those of you that just have cash lying around. One of the main points of the article is that real estate is one of the few industries that is expected to keep pace with inflation over next few years. There is even better news for those of you over the age 59 and ½ when it comes to putting your money to work for you.
If you’re over the age of 59 ½ and have a sizable sum in a Roth IRA you can use a “self-directed” Roth IRA to buy a investment property in cash and then take the rental income from that property tax free! The only catch is that you can’t live there, not an issue for those true investors. For many people now is a great time to get into investment properties and this is a great way to earn passive tax-free income. If you’re interested in looking at investment properties feel free to contact us at 617-449-3642.
More and more people as of late are thinking about getting into the real estate investment game. The low mortgage rates right now have attracted a new crop of investors who have a little extra cash on hand. There is a shift taking place in the market right now, which can only be described as the beginning of the shift between old investors and new ones. Many of these investors have been in the market for years and they are starting to sell off parts of their portfolios and for a select few, this is an excellent opportunity. Most of these investors are quietly marketing their properties, meaning that if someone made them offer they are happy to sell, but they aren’t going out and advertising it. So why should you call a rental agent then?
The answer is should be obvious; rental agents deal with these people on a daily basis and know who might be open to selling and who will not. They are also able to give prospective investors a much better handle on what kind of income a unit might generate since they have access to a wider range of properties, than one would find in the MLS. If you are interested in investing in Boston please don’t hesitate to call us and we’ll be more than happy to help identify opportunities, which meet your requirements. Call 617-449-3642 to speak with someone about your next great investment.
Financials | chris | 
August 27, 2009 1:43 pm | 
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