PUTTING YOUR IRA TO WORK IN REAL ESTATE: WHAT YOUR STOCK BROKER DOES NOT WANT YOU TO KNOW

August 10, 2011

 

We all know that investing in one's retirement is a very smart idea for both yourself and your family. But did you also know you can use your retirement account to invest in Real Estate as well? If you did congratulations! If not, don't worry, it's a very well kept secret. Traditionally, the average Individual Retirement Account (IRA) invests in Stocks and Bonds. Your stockbroker may not want you to know that there is also a Self-Directed IRA option that allows you to invest in a variety of "alternative investments" including Real Estate.

 

As with all tax-deferred accounts there are precise IRS guidelines that must be followed when investing your IRA into Real Estate.  One of the most important guidelines is that the Real Estate purchased must not benefit the IRA account holder or family members. The property purchased must be for investment purposes only.  You may rent the property to a third party or renovate and resell it, but you may not occupy it as a primary property nor can you rent it to a family member. All rental proceeds and profits from sale return directly to your IRA with no taxes paid! Never fear this does not have to be overly complicated, do yourself a favor and use a knowledgeable trusted Self-directed IRA Custodian to assist with your Real Estate Investing. Self-directed IRA investing can provide the ultimate in Real Estate investing flexibility; all while maintaining tax-deferred status!

 

Remember this is not legal or financial advice as I am not an accountant or attorney 

 

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