Suncoast Lifestyle Real Estate
ROB and LINDA CLARK are the "REALTORS YOU NEED TO KNOW...FOR THE LIFESTYLE YOU DESERVE"
Wednesday, July 05, 2006
Own Real Estate in an IRA
Own Real Estate in your IRA
Self Directed IRAs are a valuable way to build personal retirement wealth in your retirement portfolio. When income is generated from investments, the money stays in your IRA, which means it grows tax-free.
TYPES OF PROPERTY YOUR IRA CAN OWN
Single family and multi-unit homes, apartment buildings, co-ops, condominiums, commercial property, improved or unimproved land, whether it's leveraged or unleveraged, may be purchased by your Qualified Plan or your IRA.
FINANCING THE PURCHASE
You may finance or leverage any property you purchase for your Plan. The property is the collateral for the loan. As the property is an asset of the Plan, repayment of the underlying debt must come from contributions to or income from the property or other assets in the Plan.
Consult with your Tax Advisor then call us to purchase investment properties.
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