Buying Real Estate with your IRA account.
With the current instability of the stock market, many individuals are wondering what to do with their IRA accounts.
Investing in real estate through an IRA is one of the hottest new areas of investment.
Why invest in Real Estate now?
1) The stock market has tanked. Stock portfolios on average are down 30-50% and even more in certain instances.
2) Real Estate prices are dramatically lower than just two-three years ago creating a tremendous upside through both a higher further resale value and current return on investment (rental revenue).
3) There are a tremendous amount of foreclosures and auctions where you can pick up properties at 20-40% of their original values.
4) By purchasing real estate through your IRAs you are not changing your retirement plan funds, which was to build tax-free value for a later date, you are simply changing the type of investment you are investing in.
How to purchase Real Estate with an IRA account:
There are a couple of technical requirements that allow people to purchase Real Estate in an IRA. (Note always consult a tax professional as well as a Realtor for all the conditions you must meet). The most important of these requirements is that you must have a separate investment account with the required documentation and not commingle this account with any other funds. i.e. if you buy a property for investment then the rent money must be paid into that account. Also if you need to do repairs on improvement on the property you must use funds from this account, not your personal account.
If you are interested in learning more about purchasing property with your IRA send us an email to info@golanteam.com.
With the current instability of the stock market, many individuals are wondering what to do with their IRA accounts.
Investing in real estate through an IRA is one of the hottest new areas of investment.
Why invest in Real Estate now?
1) The stock market has tanked. Stock portfolios on average are down 30-50% and even more in certain instances.
2) Real Estate prices are dramatically lower than just two-three years ago creating a tremendous upside through both a higher further resale value and current return on investment (rental revenue).
3) There are a tremendous amount of foreclosures and auctions where you can pick up properties at 20-40% of their original values.
4) By purchasing real estate through your IRAs you are not changing your retirement plan funds, which was to build tax-free value for a later date, you are simply changing the type of investment you are investing in.
How to purchase Real Estate with an IRA account:
There are a couple of technical requirements that allow people to purchase Real Estate in an IRA. (Note always consult a tax professional as well as a Realtor for all the conditions you must meet). The most important of these requirements is that you must have a separate investment account with the required documentation and not commingle this account with any other funds. i.e. if you buy a property for investment then the rent money must be paid into that account. Also if you need to do repairs on improvement on the property you must use funds from this account, not your personal account.
If you are interested in learning more about purchasing property with your IRA send us an email to info@golanteam.com.
Foreclosure properties available for sale:
If you want to search foreclosure properties in Aventura, Sunny Isles Beach, Bal Harbour and Miami Beach click on the following resources.
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