Beautiful 1.5 Story w/two bedrooms and a one car garage in the popular Benson area. This spacious home offers almost 1250 finished square feet of living spac…
Beautiful 1.5 Story w/two bedrooms and a one car garage in the popular Benson area. This spacious home offers almost 1250 finished square feet of living spac…
Miami, FL (PRWEB) May 29, 2013
IRA Financial Group, the leading facilitator of self directed IRA LLC structures announces the finding of a 2013 client survey that found a strong percentage of self directed IRA and Solo 401k plan investors that established an IRA for real estate or Solo 401K plan for real estate experienced strong gains in their real estate investments. The IRA Financial Group survey is consistent with The Standard & Poors Case-Shiller index which announced on May 28, 2013 that home prices in March rose by 10.9% compared to one year earlier, the largest such gain in nearly seven years.
Retirement investors are beginning to reap the rewards of real estate investments made over the last few years into a depressed U.S. real estate market, stated Adam Bergmam, a tax attorney with the IRA Financial Group. By purchasing the real estate assets in a self-directed IRA LLC, the investors have been able to defer the tax due on the gains and re-invest those funds into additional real estate investments, stated Mr. Bergman.
According to Mr. Bergman, IRA Financial group helped thousands of retirement investors establish self-directed retirement solutions in order to take advantage of a real estate market that many believe had it the bottom.
The IRS has always permitted an IRA to purchase real estate, raw land, or flip homes. With IRA Financial Groups self-directed IRA LLC solution, buying rental properties is as simple as writing a check and is tax-free, stated Scott krokoff, a tax attorney with the IRA Financial Group. As the manager of your Self-Directed IRA LLC, the IRA holder will have control over his or her IRA funds so that a real estate purchase can be made by simply writing a check, stated Mr. Krokoff. One major advantage of buying rental properties with a Self-Directed IRA is that all rental income generated by the property is tax-deferred until a distribution is taken (Traditional IRA distributions are not required until the IRA owner turns 70 1/2). In the case of a Self-Directed Roth IRA LLC, all gains are tax-free.
IRA Financial Groups true self-directed IRA LLC solution involves the establishment of a limited liability company (LLC) that is owned by the IRA (care of the IRA custodian) and managed by the IRA holder or any third-party. As manager of the IRA LLC, the IRA holder will have control over the IRA assets to make real estate and other investments tax-free and without custodian consent.
Austin, Texas (PRWEB) May 28, 2013
Regent Property Group analyzed Austin luxury home sales and determined closings are continuing to rise at a rapid pace, as an integral part of an energized Austin real estate market. Sixty-five Austin luxury homes – those listed over $ 1 million – sold in April, compared to 37 in March, for an over 75 percent increase in closed properties. The highest sold price, the average sold price, and the median sold price for the month to month comparison also increased.
In April 2013, the 65 luxury homes that sold had a high sold price of $ 5,860,000 (about $ 703 per square foot,) an average sold price of $ 1,695,232 (about $ 338 per square foot,) and a median sold price of $ 1,444,000 (about $ 308 per square foot.)
Regent Property Group Founder Brian Talley explained that Austins luxury homes include most of the waterfront homes on Lake Austin and many homes within Eanes ISD, as well as some areas of central Austin. Usually the most desired homes in town are Lake Austin frontage properties, but we also have so many beautiful homes throughout the area that buyers have a variety of options to suit their lifestyles, he said.
As of May 23, 2013, 348 Austin luxury homes were for sale. The high list price for these active homes was $ 14.5 million and about $ 1797 per square foot. The average luxury home was listed at $ 2,374,093 (about $ 407 per square foot,) and the median luxury home was listed at $ 1,795,000 (about $ 339 per square foot.)
Year to date (January 1 to May 23, 2013,) 160 luxury homes sold in Austin, with a high sold price of $ 5.86 million (about $ 755 per square foot,) an average sold price of $ 1,568,544 (about $ 317 per square foot,) and a median sold price of $ 1,321,500 (about $ 295 per square foot.)
Regent Property Group is the brokerage of leading experts on luxury properties and regularly monitors and analyzes statistics and provides supplementary data for clients, such as this blog sharing the difference between a mansion and a luxury home and a luxury home lingo guide for those beginning a new home search.
About Regent Property Group
Regent Property Group was founded by Brian Talley, who has been ranked among the top 1% and 2% of Austin Board ofREALTORS
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