Brought to you by
KIRO Radio's Tom Kelly digs deep into the Puget Sound real estate market
Real Estate
home sale pending
Amateur investors are increasingly tapping into their retirement accounts to buy homes and take advantage of the hotter housing market, CNNMoney reported. (AP Photo/file)

Small investors rolling retirement accounts into real estate

Amateur investors are increasingly tapping into their retirement accounts to buy homes and take advantage of the hotter housing market, CNNMoney reported.

"We're seeing many people cash out 401(k)s or IRAs because they want to take advantage of the market," Sean Galaris with LM Funding, a financial services firm.

Tax attorney Adam Bergman with IRA Financial Group said that he gets many calls each day from clients who are looking to invest retirement funds in the housing market. Funds can be rolled out of stocks and into self-directed real estate IRAs without penalty.

"Our average client has retirement accounts of about $150,000 and is looking to buy one or two properties," Bergman says. "After 2008, they didn't trust Wall Street. They wanted hard assets."

Housing prices are on the rise in many areas and investors are cautioned not to overpay for a property and can still get suitable returns from their investment.

For more information on this subject, listen to this week's Real Estate Today podcast. Guest Joe DeDominico joins host Tom Kelly to discuss Real Estate IRAs.

Tom Kelly, Real Estate Today
Tom Kelly has been a professional journalist for 36 years. He served The Seattle Times for 20 years, many as Real Estate Editor.
Top Stories

  • Not the End of the Road
    There is another trick up the sleeves of officials when it comes to bus service

  • Choke Hold
    The FDA is about to regulate a product that helps people quit tobacco

  • Seahawks Schedule
    The Seahawks have released the 2014 regular-season schedule
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Mortgage Calculator
Enter Your Details & Click the Calculate Button
Loan Amount $
Annual Interest Rate %
Term of Loan Years
Number of Payments
Monthly Payment $
Brought to you by

This is not a commitment to lend. Terms subject to change without notice. Applicant must qualify to receive credits. A division of Pinnacle Capital Mortgage Corp. WA CL 81395, Equal Housing Lender, MLO 70765.
Listen to the show
Hear Real Estate Today on KIRO Radio
Join Tom Kelly every Sunday at 9am on KIRO Radio to talk Puget Sound real estate.

Sign up for breaking news e-mail alerts from
In the community
Do you know a student who stands out in the classroom, school and community?
Help make their dreams come true by nominating them for a $1,000 scholarship and a chance to earn a $10,000 Grand Prize. Brought to you by KIRO Radio and Comprehensive Wealth Management.

Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.