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Real Estate
The Real Estate Adviser |
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September 4, 2008
The Real Estate Adviser: Use your retirement funds to buy investment property
By Tom Kelly
Special to the Journal
Special to the Journal
Investors and second home buyers see the long-term potential of some depressed properties, but many possible players simply don't have the ready cash to make the purchase. Besides, fuel prices are up and the kids need back-to-school clothes, plane fare and rent for an apartment.
But if you really find a can't-miss opportunity, what about the possibility of using your Individual Retirement Account to make the deal? Even though the appreciation rate of real estate in some areas has slowed dramatically, many people are comfortable with property as an investment, especially given the inconsistent movement of stocks and bonds.
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Previous columns:
- The Real Estate Adviser: New housing bill reduces reverse mortgage fees, 08-28-2008
- The Real Estate Adviser: Consumer perception can move economic mountains, 08-21-2008
- The Real Estate Adviser: Hold off on vacation until your deal closes, 08-14-2008
- The Real Estate Adviser: Can lenders challenge loan data after closing?, 08-07-2008
- The Real Estate Adviser: Slower market magnifies agents' influential role, 07-31-2008
- The Real Estate Adviser: IndyMac raises old fears about reverse mortgages, 07-24-2008
- The Real Estate Adviser: ‘Option ARM-ageddon’: more loan trouble ahead, 07-17-2008
- The Real Estate Adviser: Wondering where to park that yacht?, 07-10-2008