Use Solo 401k or Checkbook IRA to invest in real estate, there is no better time to do it than it is now. Housing market is at the bottom, you can buy investments houses at nearly half of the construction cost in many markets.
For many Americans, investing their money in real estate may look like a risky venture. But many foreigners realize that US housing has never looked like a smarter investment. Individual foreign buyers are taking advantage of the Real Estate crash and snapping US real estate bargains at a record clip.
One foreign clients bought $41 billion worth of stateside houses and apartments during the 12-month period that ended in March 2011, according to the latest tally by the National Assn. of Realtors. That’s roughly the same as the previous year.
But add in the $41 billion spent by immigrants who moved here within the last two years and individuals with visas of more than six months, and the total is $82 billion worth of U.S. residential real estate taken off the market by international buyers, up from $66 billion the year before.
Maybe this is the time for American’s to realize that they should explore alternative investment options for their retirement accounts. If you are like most people, your IRA or 401k has been flat over the period of last 10 years. Now you too can take advantage of today’s real estate market and invest in real estate using Checkbook IRA or Solo 401k. Sense Financial is a California’s leader provider of retirement plans with checkbook control. Over the years we assisted hundreds of clients take back the control over their IRA’s and 401k. With Solo 401k you can make high contributions, invest tax free with Roth Sub-Account, borrow up to $50,000 for any reason and control your retirement account with unlimited investment options such as real estate and much more.