Buy Real Estate Using Your IRA
Did you know that it is possible to buy real estate using a self-directed IRA? This little known investment strategy is becoming more popular because several companies have started aggressively promoting it. Using real estate to expand your IRA is a winning proposition. One interesting point I found in the new Land Profit Formula course.
If you do not have an IRA, or if yours is not structured for purchasing real estate (Self Directed), you can easily find a self-directed IRA company. All you need to do is Google “self-directed IRA.” These companies are fiduciaries just as the big names you are familiar with such as Charles Schwab, Merrill Lynch, Equity Trust, and Guardian to name a few.
This article is not intended to substitute competent legal and or tax advice, just to bring light to a growing trend of opportunity that may benefit you. Many real estate investors are taking advantage of this, and it can work in a Traditional IRA, or a Roth IRA.
When you find a property that you want to purchase, simply advise your account administrator. They will enter into contract with the seller and send the money to the title company on your behalf. At this point, your IRA owns the property and receives the profits when the property is resold. Using an IRA is a fantastic way to multiply your investment dollars and grow your retirement account.
Imagine placing four properties obtained for as little as $500 each into an IRA, then selling those properties for $5,000 or even $10,000. Doing this every year adds an additional $20,000 to $40,000 into your IRA. Now imagine the results after 10 years of investing. You will have a very solid retirement nest egg.
If you are currently in your forties or fifties, time is running short! Do not cross your fingers and hope that Social Security is going to be enough. We have all witnessed how quickly economic conditions have changed over the last two years. Do you really want to leave your retirement up to chance?
The best part is that you can reinvest profits from each transaction and reap the benefits and rewards of compound interest. If you reinvest for a couple of years, you could potentially earn enough money to purchase an apartment building using your IRA. Your IRA gets all the proceeds. Just think about the massive impact this will have on your retirement funds! I have personally known people who have turned a $5,000 IRA into $500,000 in just three to four years by using these principles consistently.
This is just one of the many tips offered in the new Land Profit Generator course by Jack Bosch. To learn more about this course, visit http://www.landprofitsreview.com. We will try to negotiate a discount or rebate for everyone who opts-in. As many of our followers already know, we are usually successful in getting the best deals for our real estate investor followers on new courses when they come out.
