Self Directed IRA Investors Cash In From First Time Homebuyer Credit Extension

The recent extension of the $8000 Federal First Time Homebuyers Tax Credit along with the deflation of real estate prices across the country “may bring about an opportunity for those who know how to purchase real estate and have money inside an IRA,” says Josh Moore, President of Truly Self Directed.

The public is beginning to recognize the income potential represented by low-cost real estate and an increasing number of consumers are looking towards the possibility of using a self directed IRA in order to make these investments a part of their retirement strategy.

Self directed IRAs are themselves rapidly becoming more popular with Americans looking nervously at the still unsettled stock market as they plan for

retirement. Especially in the midst of a recession, real estate is looking like a safer bet than stocks or mutual funds; and the returns are typically far higher than those seen with a traditional IRA invested in a CD.

“With housing prices lower than they’ve been in years and the First Time Home Buying Tax Credit being extended until June of next year, this is unique time within the real estate market. There is an enhanced number of willing buyers out there right now, and for those investors who are willing to purchase real estate in their IRA, there’s a lot of potential to capitalize on low home prices and an increased buyer’s pool,” adds Moore.

“A self directed IRA isn’t the right choice for everyone – but then again, neither is a traditional IRA earning next to no returns in CDs. For anyone interested in growing their IRA outside the stock market, now may be an ideal time to look into real estate while the First Time Home Buying Tax Credit is still available,” adds Moore.

About Truly Self Directed:
Truly Self Directed is an Austin, Texas based firm specializing in structuring and managing self directed IRAs, a more flexible alternative to the traditional IRA. For more information about Truly Self Directed and their self directed IRA services, please visit:

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Scottsdale Real Estate Demand Surges as Tax Credit Got a New Lifeline

The Scottsdale real estate market is again soaring high, thanks to Pres. Obama, and his decision to extend the tax credit deadline on the home deals for the first time home buyers till April 30, 2010. The original deadline for the $8,000 tax credit break was November 30, 2009. The Obama administration has also made some changes in American Recovery and Reinvestment Act of 2009 to enable existing home owners avail the tax credit on the purchase of a bigger primary residence.

The updated version of the tax credit has announced a tax break of 10% of the total purchase price of the home amounting to maximum $8,000 for the first time home buyer. It also includes a tax break of $6,500 for the existing home owners who want to shift to a bigger primary residence. To qualify for the first time home buyers’ tax credit, the applicant has to show that he or she has not owned a home in last three years. To qualify for the existing home owners’ tax credit, the applicant needs to show ownership and occupancy of a primary residence for at least 5 consecutive years in the last 8 years.

“In Scottsdale, since the news came, we are seeing a significant rise in the inflow of buyers,” said Morgan H Hodges, a managing partner of MoJo Realty Group. He further added, “The first phase of the credit break pulled the first time home buyers into the market, and this new extension worked as a magnet to pull those who always wanted to move into a bigger and better house. Scottsdale real estate is hot now.”

Any single tax payer or married couple filing joint return can apply for the tax credit. The single filer should have gross earnings of less than $125,000, and joint filers should have gross earnings of up to $225,000 to avail a full tax credit under the updated American Recovery and Reinvestment Act of 2009. A single filer earning between $125,000 and $145,000, and a joint filers earning between $225,000 and $245,000 will be eligible for the partial tax credit only. Any single filer earning more than $145,000, and any joint filers earning more than $245,000 are not eligible for any tax credit.

One should keep in mind that a property of more than $800,000 sale price will not qualify for the tax credit, and to qualify for the tax credit, the property contract needs to be signed on or before April 30, 2010 and the sale should be finalized on or before June 30, 2010.

“Everyone in Scottsdale is happy with this extension and inclusion of existing home buyers in the tax credit,” said Josh W. Hintzen, managing partner of MoJo Realty Group. “These changes have brought many buyers into the market. The demand for single family homes is one the rise, and the home prices are steady. As of now, we are not seeing any sign of decline in the Scottsdale real estate market in the coming months.”

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Kenn Renner Unveils Website For The Avery Ranch Golf Course Community

Kenn Renner has long been the top producer for one of the most desired real estate locations in Central Texas. The popular Avery Ranch was much awaited when first opened in 2000, with Kenn sold 17 homes the first day they went on sale.

Avery Ranch Golf Course Community

In addition to the traditional items found on a real estate website, Kenn states that his site gives extensive history of Avery Ranch, provides videos and provides additional information on multiple aspects of home buying. Kenn provides seminars as well, with more information available on his new website

Kenn has now dedicated an entire website to this premium real estate location. Kenn says, “Avery Ranch has over 4,000 homes and over 1800 acres, with an award winning golf course and club house.” He highlights the amenities on his site, such as the pools and beautiful outdoor recreation opportunities. In addition to these amenities, there are playscapes, tennis courts – and an outdoor amphitheater.

In the Avery Ranch predevelopment stage, Kenn had visited one of original homes, and was attracted to the history of the Avery Ranch location. During this time, Renner states that he walked nearly all the lot lines personally and watched almost all of the homes being built. Kenn embraces the rich history of Avery Ranch, as it is a “true icon of central Texas.” Kenn states that the developers managed to “preserve the integrity of the Texas Hill Country experience” while still giving residents a great place to live, shop and work.

With over 200 home closings in the Avery Ranch since the golf course community opened, Kenn has sold more homes than any other realtor in the Avery Ranch location. As a top performer, his new website allows home buyers and sellers to view and market properties.

Kenn’s new website,, is dedicated not only to the established neighborhoods in the Avery Ranch Real Estate, but also features the new additions of Pearson Place and Avery Station. “These two new developments,” says Kenn, “are just south of Avery Ranch,” and Avery Ranch’s “legacy continues to grow” as this area remains one of the top selling areas in central Texas.

Buyers and sellers alike are continuing to benefit from Kenn’s experience as he launches his new website to showcase not only the homes available in the beautiful Avery Ranch, but he highlights the new developments happening in the community as well. Avery Ranch homebuyers and sellers alike can easily view the homes for sale and comparison shop.

Visit either one of his websites for more information on buying or selling a home in Avery Ranch or one of the new additions of Pearson Place or Avery Station. or the site specifically for Avery Ranch – to find useful information.

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Kenn Renner with Updates Austin on the First Time Home Buyer Extension

The First Time Homebuyer Credit was signed into Law in February 2009 to help stimulate the slumping housing market. The original Bill contained an $8000 tax credit for first time home buyers who purchased a home between January 1, 2009 and November 30, 2009. This past Friday the $8000 tax credit was extended past the November 30th deadline.

Kenn Renner

This extension will extend the tax credit to include contracts signed by April 30th and are closed by June 30th next year. In addition, the extension will include a $6500 tax credit to those who have had a least 5 years of consecutive homeownership 5 out of the last 8 years. “Therefore, this extension not only benefits first-time homebuyers, but also homeowners, says Kenn Renner, first-time home buying expert with

Mr. Renner says his office had been inundated with calls about the first extension. With the credit having been extended he said, “The fact there is a cutoff for contract leads me to believe that this will not be extended again. So anyone who is eligible and wants to take advantage of the tax break needs to take action sooner than later.”

Kenn Renner reminds those who want to take advantage of this extension that there are a few rules that new homebuyers need to be aware of:

1. Homes must be under contract for purchase by April 30th, 2010 and close by June 30, 2010.

2. Home buyers can receive the tax credit by amending their current tax returns, thus not having to wait until filing their tax returns next year and receiving the credit quicker.

3. Income limitations have been expanded.

4. The tax credit is no longer limited to just first time home buyers (considered those that have not owned a primary residence in the past 3 year), repeat home buyers that qualify and have lived in a primary residence for 5 out of the past 8 years qualify.

5. New or resale, Single Family, Condos & Townhomes all qualify for the credit as long as they become primary residences.

It is projected that 1.8 million homebuyers will benefit from the first time homebuyer credit by the end of this November. The National Association of Realtors believes approximately 355,000, nearly 20%, would not have purchased their new home without the First Time Home Buyer Program.

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The Real Estate IRA Is No Longer Your Grandma’s Retirement Plan

With the stock market constantly proving itself to be unstable, investors are turning to another method of investing for their retirement. Truly Self Directed IRA ( is a company that is providing new options for investors by giving them safety from the volatile nature of today’s stock market.

While some critics of this type of plan have stated that the market always bounces back, the current recovery is seen as a reaction to the government stimulus plan and, therefore, is not sustainable. Investors are now looking for alternatives to the market and many of these people believe that real estate IRA is the way to go.

Josh Moore of Truly Self Directed IRA states that “there has been a significant increase in the number of real estate IRA deals being done.” This bodes well for the future of this type of investments, “as many people are now choosing this method over the stock market,” Moore adds.

This is a direct backlash from the amount of money that has been lost in the stock market over the past couple of years. Individuals have been forced to work well beyond their perceived retirement date because their retirement funds have been depleted.

In some cases, these individuals have seen their funds decrease by 50% in a very short span, which “rarely happens around the median home priced real estate market. People need a place to live no matter what is happening on Wall Street. Even though the real estate market did go through some short term problems, it has rebounded in many parts of the country and has truly stabilized,” states Moore.

The Real estate IRA is meant to help people take control of their own destinies by giving them some control over where their personal investments are placed. “The days of relying on a big company or a large government pension is no longer a sustainable strategy for retirees because these program seem to always receive cuts, especially during and following a recessionary period. Therefore, it is a wise idea for every investor to evaluate their investment strategy and take personal responsibility for their own retirement plan.

Moore says, “we are starting to see a trend where younger investors are asking about the Real Estate IRA. This trend is increasing for a number of reasons:

1. Many are seeking to truly diversify.
2. Many want control over where their retirement funds are invested.
3. Many realize homes will always be in demand.
4. Many of the 30 and 40 somethings realize there is not going to be a safety net
for them like Social Security so they must take the initiative now or face a substandard lifestyle during their retirement years.”

In addition, “many wonder with the current state of the economy and the loses suffered over the past year whether they will be able to retire,” concludes Moore.

For more information on real estate IRA, contact Josh Moore at or 877-339-4559.

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Homeowners Should Treat Winter as a Threat to Their Home

Homeowners in regions that receive the nasty end of winter weather should listen up: a quality homeowners insurance policy is essential to make it through the harsh and brutal winter unscathed. According to an article recently published on, homeowners should follow several simple tips to make sure that their home stays protected and they avoid having to file a homeowners insurance claim.

“Winter also brings periods of heavy snow, ice, and other elements that could endanger a home and force a homeowner to file an unwanted homeowners insurance claim,” according to the article titled, ‘Winter Hazards and Homeowners Insurance.’ “With winter rapidly approaching, you should be sure that your homeowners insurance policy is adequate enough to hold up during any kind of winter-type damage that could be sustained by your home.”

The first tip that all homeowners should exercise is keeping their sidewalks and driveway shoveled and salted as much as possible. This not only avoids a liability suit if someone should accidentally slip and fall but it also avoids a damage claim should a vehicle slip and slide into the garage thanks to an unsalted driveway.

Also, homeowners should do their best to keep their roof clear of snow. Obviously, it isn’t necessary to shovel the roof every time it snows but if the homeowner notices interior doors sticking then that might be an indication there is too much snow weight on the roof. It could lead to bigger and more expensive problems such as a roof collapse if that snow isn’t dealt with promptly.

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