INVEST YOUR IRA IN REAL ESTATE

Bypass the Bank
 
First you create a “Self-directed IRA” with an IRA custodian that handles real estate.  Roughly two dozen institutions in the U.S. can do this.  Entrust, www.entrustadmin.com, PENSCO Truat Co. San Franscisco, (800.969.4472), Sterling Trust Co in Waco Texas, (800.955.3434) and Lincoln Trust in Denver, (800.825.2501).
 
GoPro
 
You will want an accountant to investigate tax issues and the property’s viability.  Also, work with a knowledgeable real estate broker who’s experienced in investment real estate.
 
Stick to Business
 
If you plan to buy a vacation home, forget it.  One of the many mind numbing rules about self-directed IRAs is that you or your family cannot use the property for personal use.
 
Take It Easy
 
Most investors want property that will bring in cash but won’t demand much time.  A good example: parking lots.  They’re low-maintenance and provide steady income when leased to a parking firm.
 
Keep Some Cash
 
Don’t invest all the IRA in property – you may need some liquidity to cover taxes, expenses, and minimum IRA withdrawals at age 701⁄2 (if your account is dry the IRS can penalize you).
 
Please give us a call if you have any questions, we will be happy to assist you …