• Home
• About
• Newsletter
• Contact Me

About The Broker

Local Market Statistics

* First Name:

* Last Name:

* Email:

Phone:

* Interested City Zip:
-SELECT ONE- HALLANDALE, FL [Condo] HALLANDALE, FL (33009) [Condo] HOLLYWOOD, FL [Condo] HOLLYWOOD, FL (33019) [Condo] MIAMI BEACH, FL [Condo] MIAMI BEACH, FL (33139) [Condo] NORTH MIAMI BEACH, FL [Condo]

Please contact me by:
email phone

__________________

Local Resources

• Schools
• Utilities
• Restaurants
• City of Aventura

Loan Calculator

Categories

Select Category Listings Real Estate Investing Hollywood Short Sales Market Reports Friday Fun Bad MLS Phtos Retirement Communities Zip Code 33160 Hallandale Beach Real Estate Taxes Economy Market Trends Sellers Buyers Real Estate News Community Events Aventura

Archives

Select Month July 2010 June 2010 May 2010 April 2010 March 2010 December 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 November 2008

Consider Investing Your Retirement Funds In Real Estate

February 19th, 2009 categories: Buyers, Real Estate Investing, Real Estate News

Retirement Planning:  Buy Real Estate in Your IRA

 

Most people do not realize that there is an IRS provision that let’s them use their Self-Directed IRA to purchase real estate. This can be an excellent way to invest in that foreclosure property you were interested in.   Remember, your investment grows tax free in an IRA.

What types of Real Estate can be used for IRA’s?      

• residential
• condos
• multifamily units
• land
• commercial strip malls
• hotels

Why have the IRA invest in Real Estate?

• dissatisfaction with stocks & bonds
• real estate is a tangible asset
• real estate produces rental income which is tax free until distribution
• great appreciation at this time with foreclosures & REO’s

Yes, you can hold property in your retirement account, but there are many rules so be careful.  A mistake can turn into a tax disaster.  Be sure to follow Self-Directed IRA rules. You have to get your dollars from your retirement custodian (probably your broker) to an independent custodian that offers real estate as an investment option. 

While real estate isn’t appropriate for everyone’s retirement account, it should at least be looked at as another option in retirement investment alternatives. Consult with an expert in the field.

For more information please contact me at (305) 329-4929 or solovay.m@ewm.com.

This entry was posted on Thursday, February 19th, 2009 at 1:36 am and is filed under Buyers, Real Estate Investing, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. joegreene said at February 19th, 2009 at 3:33 pm

   Here is an excellent article by Andrew Waite of Personal Real Estate Investor. It explains the benefits and pitfalls of different options for buying real estate with IRA monies.
   http://blog.personalrealestateinvestormag.com/we-are-not-alone-bricks-and-mortar-or-pension

2. Adriana Faerman said at February 20th, 2009 at 10:41 am

   Michael, I not only consider this information very educational but inspiring and I am going to do some research to see if I can use these benefits as well. Thank you!

3. michaelsolovay said at February 20th, 2009 at 11:59 am

   I originally did not know this could be done either. I thought this could be a great way for people to buy that investment property they were considering.

4. michaelsolovay said at February 20th, 2009 at 12:11 pm

   Like any investment, one should always research and speak with a professional with experience in that field. Thanks for the information.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website