Using Your Self-Directed IRA to Purchase Investment Real Estate
Yes it is okay for you to invest in real estate with your IRA.Why Real Estate? Why Now?
With real estate prices at market lows, and with foreclosures at an all-time high, now is a good time to invest in real estate with your IRA and build wealth for the future. You can purchase income-generating rental property, commercial buildings, or rehabs. Many savvy investors are diversifying out of the stock market and putting their IRA money to work.
Purchasing property with your IRA is similar to a regular real estate transaction but there are a few things to keep in mind.
The property becomes an asset of your IRA you do not own it nor can you use it.
Watch out for prohibited transactions You cannot purchase property owned by you, your spouse, or your descendants and ascendants.
You or your family members cannot live in or lease the property while its in your IRA.
Your business cannot lease or be located on any part of the property.
All income and expenses generated by the property go in and out of the IRA.
If you are leveraging the property, you cannot personally guarantee the loan.
To learn how to invest in real estate with your IRA, as well as the possibility of receiving property as a distribution from your retirement plan, you should make an appointment with a trusted professional who manages your IRA.If you would like to discuss how we have already helped clients use their self-directed IRAs to purchase TWH properties, give us a call 503.590.8600 or email at jay@truewholesalehouses.com.
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What is True Wholesale Houses? True Wholesale Houses is proud to offer a proven cash flow investment with substantial instant equity. The investor receives the best of both worlds a true turnkey investment backed and managed by a team of life long real estate professionals. Invest with Confidence. The Genesis of True Wholesale Houses is taken from a deep understanding of cash flow investment properties and what it takes for the passive investor to succeed. The investor that chooses to invest with True Wholesale Houses will enjoy a predictable monthly cash flow and instant equity. |