ASHEVILLE, NC / ACCESSWIRE / March 21, 2020 / Investing in real estate can be far different than other types of investments, notes a recent post at American IRA, which highlighted how to perform due diligence for a Real Estate IRA. The post notes that due diligence in real estate can be far different from looking at a stock or a bond, as real estate requires an understanding of local markets and a set of variables completely unique to real estate. In the post, these variables were explained in detail.
American IRA noted in the post that a Real Estate IRA can be a great way for experienced real estate investors to create extra wealth for retirement. Because real estate as an investment can be housed within a Real Estate IRA-another name for a Self-Directed IRA that holds real estate-experienced investors can allow wealth to accumulate in an IRA with the tax protections any other IRA holder would enjoy.
But because real estate is a highly independent form of investing, American IRA recommends that investors know how to perform what's known as due diligence: researching the local neighborhoods, the location, the local job markets, and other variables that can dramatically impact the future value of a real estate investment. The post explores these variables in greater detail, although American IRA, as a Self-Directed IRA administration firm, cannot give specific investment advice such as which real estate to choose.
"Our role as a Self-Directed IRA administration firm is well defined," said American IRA CEO Jim Hitt. "There are a lot of different ways that retirement investors can look at real estate. We wanted to make sure that from a broad perspective, investors understand these options. We also want them to know that it's not all about their options-it's about how they can identify good real estate investments by doing their homework. But what does that mean, exactly? That's part of what the post sets out to explain."
American IRA, LLC was established in 2004 by Jim Hitt, CEO in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $400 million in assets under administration by educating 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.
As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term "they" refers to American IRA, located in Asheville and Charlotte, NC and Atlanta, GA."
SOURCE: American IRA, LLC