‘Ground’ your retirement fund—literally, and put some Real Estate in it!
You’ve worked hard to build up your retirement accounts! You’ve decided that you want more control over your investments, so you rolled everything over to a Self-Directed IRA!
That’s great—because now, you can purchase investment property. Thanks to Uncle Sam, your retirement account can grow TAX-FREE with the help of real estate!
However, there are some extremely important guidelines that need to be followed to make sure this transaction remains tax-free—we wouldn’t want you getting in trouble and paying those silly taxes!
We’ve taken the time to summarize some key points below:
You will need an Independent IRA Custodian. (You can NOT serve as your own custodian).
Once you’ve selected a property, the IRA Custodian must buy it for you on your behalf—the title will remain in the Custodian’s name.
Both Roth & SEP IRAs qualify
You CAN get financing for your investment purchases, however it must be from a specialized lender.
You can NOT use the investment property in your IRA as your primary residence or second home. Your business can NOT lease any space the IRA may own. Basically—you can NOT have any personal use of the property.
You can NOT transfer property you ALREADY own into your IRA. Nor can you purchase property from your wife, parents, or children—however your siblings are ok!
All the property expenses relating to the investment MUST be paid from your IRA account. Also, any income generated will go directly to the IRA.
You can ‘withdraw’ real estate from your IRA account, without penalty after you reach 59 1/2 years or older.
And remember, if you have any questions, please contact us: Info@RetireOnRentals.com (866)747-7667
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