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Colorado Real Estate | Buying Property in Retirement Accounts
Many people, including our own licensed brokers make real estate investments with funds from their retirement accounts are a good investment alternative to the standard stock market investments.
Here’s how it works: you must write a contract in the name of your IRA and only use funds from your IRA to purchase or remodel and update a property. Any rents received must go straight back into your IRA account and you cannot use the property yourself or rent it to anyone in your family. You can purchase 100% or in fractional ownership through an LLC and buy with family or friends IRA’s as well. Husband and wife teams like Jan and Dave Baer two of my clients and now broker associates can purchase 50/50 with IRA’s and be tenants in common. According to some reports investors can buy property and have made six digit profits in as little as two years.
Many people have the misconception that you cannot use your IRA or retirement funds for real estate investing. It certainly is not illegal and many people prefer using this option as opposed to the currently unstable stock market conditions. We at Legacy Real Estate Brokers Inc. would gladly refer you to a local Colorado called Entrust who can assist you with these sometimes-complex real estate transactions. As far as loans go the only way to make a purchase with a loan is to use a “nonrcourse” loan, which can help you, leverage your assets in your IRA account.
Most importantly we want people to realize their are other options and ways to invest your retirement assets and real estate is currently an exceptional option to consider. It is a strong buyers market and there are many opportunities we would like to show you.
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This entry was posted by legacyrealestate, on Friday, April 11th, 2008 at 6:20 pm and is filed under Featured, Home Buyers, Real Estate Investors. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response on the right, or trackback from your own site.
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April 11th, 2008 at 8:10 pm
[...] Colorado Real Estate | Buying Property in Retirement Accounts Colorado Real Estate | Buying Property in Retirement Accounts Many people, including our own licensed brokers make real estate investments with funds from their retirement accounts are a good investment alternative to the standard stock market investments. Here’s how it works: you must write a contract in the name of your IRA and only use funds from your IRA to purchase or remodel and update a property. Any rents received must go straight back into your IRA account and you cannot [...]
June 9th, 2008 at 10:33 am
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December 10th, 2008 at 2:13 am
Thanks for the article.Nice to know about these information. Keep it coming.
December 28th, 2009 at 2:24 am
I enjoyed reading your work! Great post! I looked around for this… yet I located you!
Anyway, would you mind if I threw up a backlink from my site to your site?
January 18th, 2010 at 1:11 am
Great post! keep them comin… thanks for all your hard work.