Real Estate Investing and Your Retirement

Myrtle Beach Real Estate and Investing For Retirement

Most people know that you can invest in mutual funds, stocks and bonds in their retirement account.  Did you know that you can also hold Myrtle Beach real estate property in your retirement account?  Take a look at your statement and if you see an REIT in your portfolio, you are already holding real estate in your retirement account.

What is REIT? Real Estate Investment Trust.  In many instances, REIT’s are publicly traded on all of the major stock exchanges just like you would trade stocks.  In most instances you purchase shares of a mutual fund that holds the public real estate.  When we refer to public we mean public buildings such as malls, apartment or condo complexes (referred to a Condotels), or office buildings.  These investments pay dividends and are a very liquid form of investing.  In other words, there is real estate property moving in and out of the fund on a regular basis which lowers the risk factor.

What If You Want More Control Over Your Myrtle Beach Real Estate?

With the drop in real estate prices and the increase in foreclosures, now is the perfect time to invest in Myrtle Beach real estate.  You can setup what is referred to as a self-directed IRA.  You will want to consult with an investment broker, but, you can take advantage of the tax benefits of an IRA AND the long term investment returns of Myrtle Beach real estate.  You can invest in rental property, commercial property or land.

Why is Investing in Myrtle Beach Real Estate a Smart Strategy

You can look at the current Myrtle Beach real estate market as a risk or an opportunity.

• Over the past few years we have seen a severe drop in the Myrtle Beach real estate market, however, there has also been a severe drop in the stock market and many stocks are now worth next to nothing.   Myrtle Beach real estate will never drop to zero. 
• You can recover your investment by renting while the market returns to “normal.”
• Plus historically the increases in real estate property values have always exceed the rate of inflation.

Foreclosure Investing – A Smart Strategy for Myrtle Beach Real Estate

Combine the advantages of placing the Myrtle Beach real estate in a self directed IRA and investing in foreclosures and you have a combination that is hard to beat.  Myrtle Beach foreclosure investments are created when a Myrtle Beach homeowner has defaulted on their mortgage and the mortgage holder has taken repossed the property and it is now bank owned Myrtle Beach real estate.  In many cases the property will be sold at auction.  Another great opportunity that is less risky if investing in pre-foreclosures.  This is when a Myrtle Beach home owner makes the proactive decision to put their home on the market prior to the bank foreclosing on the property.

It is a buyer’s market for Myrtle Beach Real Estate

In today’s market, buyers are in a position to negotiate the price of the Myrtle Beach real estate property as well as terms and conditions of sale.  The homeowner is fully aware that if they do not sell the home, it will be taken over by the mortgage holder and their credit will suffer.  Many homeowners are contacting Myrtle Beach real estate agents to avoid foreclosure and will list their homes below the current market value.  Generally homeowners who have defaulted on their mortgages have up to 90 days from the time they are notified by the mortgage holder they are in default.  This makes the homeowner very motivated to sell their Myrtle Beach home and avoid the foreclosure process.

Cheap and low risk investment option

Investing in Myrtle Beach foreclosure properties is one of the least expensive ways to maximize your investments in your portfolio.  Make sure that you conduct thorough research (there are lots of tips on this site to help you) and work with a Myrtle Beach Real Estate Agent that is knowledgeable about short sales, foreclosures and investing.  With planning you can purchase an investment property for well below the current market value which means they are increasing in value from day one.

Are there rules in placing Myrtle Beach Real Estate in your IRA?

Yes.  The IRS has definite rules for this type of investing and you will need to have your account managed by a trustee.  This person will follow a plan under your direction.  You personally cannot directly benefit from the Myrtle Beach real estate.  In other words, it cannot be your primary residence, your office space for your business or even used as a vacation getaway.  This rule apply to children and parents.  You can partner with someone else on the investment with your share of the profits funneling into your IRA.

Not all Myrtle Beach real estate investment fit within the IRS rules for adding to your portfolio.  You will want to check with your financial advisor before making any changes to your Self Directed IRA.

We are here to help you research Myrtle Beach real estate and find those great bargains.  Give us a call today to schedule a convenient time to discuss your strategy.

Jerry Pinkas Real Estate Experts
854 Jason Blvd #G, Myrtle Beach, South Carolina 29577
(843) 839-9870
homeguidemyrtlebeach.com

Foreclosure Investing – The Pros And Cons Of Investing In Foreclosures

Myrtle Beach Foreclosures – Are They A Good Investment?

In today’s economy there is no doubt that investing in Myrtle Beach foreclosures is one of the best opportunities to make money – if you know what you are doing.  You always want to keep in mind there are risks involved with buying Myrtle Beach foreclosures just as there are risks in any investment.  Investing in a Myrtle Beach foreclosed property allows investors the opportunity to buy a Myrtle Beach home under the market value but there are risks such as:

• Underlying liens
• Time spent in research
• Potential long-term carrying costs
• Rental costs, if applicable
• Renovation costs

These are just some of the considerations when investing in Myrtle Beach foreclosures.  If an investor is willing to take a chance, they can profit in the long run.

Stages in which you can purchase Myrtle Beach foreclosures

There are several stages in which an investor can purchase Myrtle Beach foreclosures.  You will want to familiarize yourself with each type of Myrtle Beach foreclosure and the advantages and disadvantages of each stage.  With a little research, you can avoid making costly mistakes and purchase Myrtle Beach foreclosures at the wrong time.

Pre-Foreclosure Stage – at this stage the Myrtle Beach homeowner is still occupying the Myrtle Beach home and is in control of the property.  The loan is in default at this stage and the mortgage holder is starting to put pressure on the homeowner.  At this stage the Myrtle Beach homeowner is looking to sell the property quickly and has a strong desire to avoid the Myrtle Beach foreclosures process.  This can mean big savings for you as the investor and the potential for financial gain.

Advantages of Pre-Foreclosures:

• You have the potential to save up to 40% of the current market value of the Myrtle Beach home
• The mortgage company may accept very low or no down payment if there is already built in equity in the Myrtle Beach home
• You have the opportunity to inspect the Myrtle Beach home and do some research prior to making a decision
• You are in a position to negotiate directly with the home owner

Disadvantages of Pre-Foreclosures

• You may not be able to reach the home owner to negotiate a purchase price
• There may be competition for this type of Myrtle Beach foreclosures
• Limited time to do your research by going through court filings and documents to ensure there are no outstanding liens
• Homeowner may hide defects in the home that you can see from an initial inspection.

Auction Stage – This is the most profitable stage for Myrtle Beach foreclosures, however, it also carries the highest risk. In this stage a Myrtle Beach property is sold at a public action to the highest bidder.  In most instances, Myrtle Beach foreclosures will be sold well below market value, but they are sold as-is.

Advantages of the Auction Stage

• Larger discounts on the property which may provide an immediate profit
• Potential for a greater return on investment
• You immediately take possession of the property

Disadvantages of the Auction Stage

• You generally don’t have the luxury of inspecting the property ahead of time
• There is the possibility that the auction will be postponed if the desired selling price is not obtained which will cost you valuable time.
• You will need to be prepared to pay a large down payment at the time of the auction for the Myrtle Beach foreclosures.
• You may not have time to do the necessary research to ensure that you take into consideration renovation costs.
• You may not win the auction.

REO Stage – in this instance the mortgage company will retain the property after the auction if the bids were not high enough.  This could also be the stage where the bank takes position of the property when the Myrtle Beach homeowner defaults on the loan and elects to leave the property and turn it over to the bank.  Since the mortgage company is now responsible for upkeep, taxes and insurance, they are highly motivated to sell these Myrtle Beach Foreclosures.  Until the property is sold, they are losing money.

Advantages of REO stage

• As with auctions, the opportunity for purchasing Myrtle Beach foreclosures well below market value
• You will purchase a Myrtle Beach home that is free of all liens
• There will be no back taxes or HOA dues to pay as they must be paid by the bank why they are in control of the property.
• There is a great possibility that the mortgage holder will agree to pay for renovations or reduce the price for needed renovations in order to sell the property.

Disadvantages of REO stage

• There will be a lower return on investment than at the auction stage as the bank is looking to recoup their investment
• You will want to make sure that you spend the necessary time to thoroughly research Myrtle Beach foreclosures in the REO stage
• There is the potential for loss if you end up paying at or near the market value for the home.

Real estate investing, especially Myrtle Beach foreclosures, has a great potential for profit but also a great risk.  Make sure that you do your research and you fully understand all of your risks.  Working with  Myrtle Beach Real Estate Agent that is knowledgeable about the market and has the inside track on Myrtle Beach foreclosures can greatly reduce the amount of risk.

JP Real Estate Experts are thoroughly trained and have experience in Myrtle Beach foreclosures.  Call us today for a consultation.

Jerry Pinkas Real Estate Experts
854 Jason Blvd #G, Myrtle Beach, South Carolina 29577
(843) 839-9870
homeguidemyrtlebeach.com

Myrtle Beach Foreclosures

Myrtle Beach Foreclosures

Myrtle Beach Foreclosures are on the rise, which in turn provides many real estate opportunities for buyers everywhere. Now is the time to take advantage of the benefits of foreclosed properties in this beautiful beach resort area. Myrtle Beach boasts 60 miles of wide beaches, over a hundred golf courses, outlet shopping and much more. Whether you are looking for a new home, are relocating, or are just searching for a beautiful vacation home, this area is the place to be!

US News and World Report currently lists Myrtle Beach #7 in “Best Affordable Locations to Live” and #9 in “Best Beaches USA”. National Geographic lists Myrtle Beach #3 in “Top US Board Walks”. You will undoubtedly find a home that meets both your budgetary needs and desired location. But these homes won’t last long – Now is the time to buy!

With Myrtle Beach Foreclosures , you may be able to afford a property that once was out of reach. Take advantage now of a foreclosed property and reap the benefits on your investment. This opportunity will allow you to enter at the lowest possible price point and truly add this to your list of assets. After all, real estate should be an asset, not a liability.

With over 3,000 new foreclosure listings, now is the time to find a new home at a great price. You can choose from golf course condo, a bungalow, a large chateau or a seaside home, many selling at a 30% savings. Come find your new abode!

You could purchase a beach front home or a quaint cottage in town. You are sure to be the envy of all of your friends when you take advantage of the great savings to be had by purchasing a foreclosure. Just imagine the possibilities! Myrtle Beach Foreclosures will certainly provide you an opportunity in real estate investment. Browse through the listing options and be sure to contact us if you have any questions about any homes that you would like more information on and we will be sure to forward you with all of the additional information needed to help you to make a informed decision.

Myrtle Beach Condo Foreclosures for Sale

Myrtle Beach Bank Foreclosures & All foreclosures, HUD, VA, and other government properties as well as Myrtle Beach Condo Foreclosures for Sale are available and on the market right now. You can get the jump start on your competition by working with the Myrtle Beach Foreclosure Experts.  The Myrtle Beach Condo Expert will assist you in your search for Myrtle Beach foreclosures and you will a make well informed real estate decisions in the process.

Myrtle Beach oceanfront foreclosures

Myrtle Beach Condo Foreclosure Listings

Foreclosure Condos in Myrtle Beach

North Myrtle Beach Foreclosures

N Myrtle Beach Foreclosures

$339,900 – 3 bedroom, 3 bath, direct oceanfront condo located at the Avista Resort 304 N Ocean Blvd in North Myrtle Beach. 9^th floor unit. WOW! WAKE UP TO THE VIEW OF THE ATLANTIC in this three bedroom, three bath unit at the prestigious Avista Ocean Resort. Enjoy all the amenities, indoor/outdoor pools, lazy river or use the fitness center. Have a quiet dinner at the resort or within walking distance to numerous other restaurants. Units like this sold for as much as $559,900 in 12/06