Team Black Bear’s
Real Estate Update Exceeding Your Highest Expectations in Service, Performance & Results! June 2014
Real Estate as a Retirement Vehicle
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eal Estate is definitely making a comeback in Eagle County and the Country. There is not just one explanation for this turn around. Of course, there is always a need for shelter for all families and individuals. And we are delighted to see increased job opportunities in our area, which has increased housing needs and desires.
of their real estate holdings, not to mention the Warren Buffets and Donald Trumps of the world that have become billionaires with their commercial real estate purchases! If you have not started to make real estate investments, other than your personal residence, and have a desire to do so, you might look into a selfdirected IRA. It is possible to use your Self-Directed IRA money to purchase any of the following: residential single family or multi-family property, commercial and industrial property, foreclosures, short sales, distressed and bank owned properties. You might choose to investigate this form of investment for possible tax advantages, more control over your own money and to diversify your retirement holdings.
“Americans Sold on Real Estate as Best Long-Term Investment"
That being said, the reasons we would like to discuss here are more about how real estate is now perceived as a good investment, which often is part of a retirement strategy, no matter the age of the investor. In a Gallup Poll Article dated April 17, 2014, titled "Americans Sold on Real Estate as Best Long-Term Investment", some interesting beliefs were uncovered. The Gallop Poll involved about 1000 people and what they thought was their best option for a long term investment. Real Estate was considered the best, then gold, then stocks, mutual funds, CD's and then bonds. Also, the Associated Press had an article on "Retirement Readiness" in the April 13th Denver Post paper stating that Homeowners were building equity in their homes again, which is important because their 401(k) plans are not sufficient to provide 100% of retirement needs. Now, something we have known for some time in our area was written up from a Better Homes and Gardens national survey. It stated that one out of four Baby Boomers surveyed said they will buy a second home. As you know, a second home is a place of joy and relaxation for the whole family, but it also can be a good investment for the future. Of course, many investors go well beyond a first and second home. Many active and retired individual investors live a very comfortable life off
Call or email any of the professionals at Team Black Bear, to find out more about opportunities in planning for your future with real estate investments. Joan Harned, Barbara Hogoboom, Laura Sellards and Angela Maxey are anxious to offer you our combined knowledge and show you are luxury service offered to all of our clients.