Is It Possible To Purchase Rental Real Estate In A Self-Directed IRA? Yes.
Is it difficult or time-consuming to form your own Self-Directed IRA for purchasing Real Estate? No, contact any professional provider.
Is it simple to handle purchasing Real Estate in a Self-Directed IRA? Definitely not. There are many complexities and you will need competent assistance, advice and service.
In Which Types Of Real Estate Can I Invest?
(Quoting from www.udirectira.com)
- Raw land
- Single-family homes
- Commercial property
- Mobile homes
- Real estate notes
- Second mortgages
- Partial notes
- Real estate purchase options
- Tax liens certificates
What Investments Are Not Allowed?
- Your IRA cannot purchase property owned by you or a disqualified person.
- You cannot put any of your own money into the deal.
- You cannot have “Indirect Benefits” from property owned by your Self-Directed IRA.
- Real Estate IRA investments are uniquely titled.
- IRA Investments that use financing must pay Unrelated Business Income Tax.
- Real Estate IRA expenses must be paid from your IRA.
- Real Estate IRA income must return to your IRA.
In a Self-Directed IRA you can purchase a wide variety of investments in addition to real estate. Possible: Notes, land, gold bullion, accounts receivables, etc., etc., etc. You cannot purchase life insurance or any collectibles.
Recently I Went To A Very Informative Real Estate Seminar
Met Kaaren Hall of UDIRECTIRA. She was extremely professional, and I am considering opening an IRA with her company. Her website has interesting links, check them out at www.investor.gov, www.nasaa.org, www.finra.org, www.aarp.com. Some other good investor alerts are on her site at http://www.udirectira.com.