Los Angeles, CA, December 03, 2009 --(PR.com
)-- With the new partnership between FreedomGrowth.com and Cleveland Restoration Group (CRG), not only are the residents of the area benefiting by the revitalization of dilapidated homes, but tenants can enjoy living in these properties for the same price as a non-renovated version, property values are rising and the individual investors who are helping to make it happen are enjoying a solid return. This alliance is beneficial to all involved, especially the investors who are helping to rebuild a community as well as their investment portfolios.
CRG is a Cleveland-based company which renovates properties in local neighborhoods providing tenants a better place to live while improving the neighborhoods in which they target. “With vacancy rates substantially below the norm and CRG’s excellent property management services, this makes for excellent investments for passive investors looking at low-cost rental properties,” stated Jorge Fernandez, Managing Partner of CRG. CRG brings to the table property investment analysts, property procurement experts, maintenance and renovation specialists, and other professionals to restore a neighborhood, often one house at a time.
FreedomGrowth.com has identified this opportunity for IRA real estate investors as a strategy that not only makes sense financially, but also makes sense for the community. FreedomGrowth.com helps individuals across the country take their low-performing 401(k)s or IRAs and roll them into much more nimble self-directed IRAs that allow investments in high-yielding real estate. David Coe, the founder of FreedomGrowth.com, stated that real estate is ideal for a retirement account because it is by nature a long-term investment.
When asked why he chose to focus on Cleveland, Coe stated, “Over the past 10 years Cleveland has been diversifying their economy with strong development of service industries which is not only beginning to pull them out of the economic hole, but is helping to stabilize the local real estate market. I believe this market is rising.”
Fernandez adds, “These are solid neighborhoods with solid properties and residents. They just need a little attention.”
Together, FreedomGrowth.com and CRG will help Cleveland-area real estate through this partnership. FreedomGrowth.com is providing the investors and CRG is putting the money to good, high-yielding use.
Freedom Growth (www.FreedomGrowth.com) is an IRA real estate investment company that helps small business owners and individuals diversify their retirement portfolios with a wide range of self-directed real estate investments.
Cleveland Restoration Group (CRG) is a real estate investment management company which provides a full-range of real estate services to individuals, businesses and organizations.