Contact Howard!

Contact Howard!

Howard Harris Real Estate Expert

Current
Mortgage Rates

Archives

Categories

Yes You Can Buy Real Estate With Your Self-Directed IRA’s

May 16

filed under: Buying A Home, Real Estate

If you have an IRA and are tired of watching your IRA float aimlessly along  year after year in the financial markets, you may be interested in knowing and learning that you may be able to invest your IRA funds into real estate investments.

First let me be very clear, a thorough understanding of the IRS guidelines for Self- Directed IRA’s is important and necessary in order to insure that qualified tax benefits are maintained. Neither Sonoran Lifestyle Real Estate, or I are qualified to provide advice on IRA rules, regulations or eligibility requirements.  It is essential that you consult with your tax and investments advisers before making any decisions regarding using your IRA funds to invest into real estate.

If, after you have consulted with your tax and investments advisers, you determine that you are interested in real estate investing I would welcome the opportunity to assist you in the careful selection of a property or properties that suits your investment criteria.

You can access some information about Self-Directed IRA’s from several websites. I suggest www.entrustarizona.com where you can find a step-by-step guide about everything from the basics, to a lengthy discussion about the types of IRA’s that you may self- direct. You can even choose Entrust Arizona to become your plan Custodian ( I am not recommending Entrust, there are other plan Custodians that you can use) .

When using your IRA to invest in real estate not only is it essential that all the IRS guidelines be carefully followed, an incorrect interpretation can result in a premature distribution consequence that may cost you thousands of dollars.

If you are interested in exploring the possibility of using your IRA to invest in real estate please contact me, I will send you some additional information that will provide some additional basic information regarding this type of investment contact me and I will be happy to get back to you.

Written by Howard Harris