How Do Tax Liens Work With Real Estate in a Self Directed IRA?
As the stock market began to decline starting in 2000, investors pursued new options. Real estate in a self directed IRA gained a lot of traction even though it has been an option since the birth of IRAs in 1974. There are a lot of questions about the types of real estate that one could invest in. Your options can include an array of innovative ideas such as: Real estate options Single family homes Multi-family homes Apartments, condos, townhomes, and duplexes Second mortgages Partial notes Real estate notes Mobile homes Commercial property Tax liens Tax Liens in a Self Directed IRA Anyone who owns real estate is required to pay property tax. The taxes vary depending on the worth of the land, structures on the land, and what county and state you live in. Typically, the county you live in will assess property every six months. The taxes are either paid directly to the county or through the property owner’s mortgage company. If for some reason the property owner is unable to make the pay