How Do You Buy Real Estate With An IRA?
Although IRA rules prohibit the use of IRA funds to purchase real estate for personal use, many investors are not aware that they can purchase investment real estate by using IRA monies. Learn to make the most of your investments using this feature of an IRA. Talk to your financial advisor regarding your investment intentions, and how these may or may not be eligible for support from your IRA funds. Find a reputable third-party intermediary to help you manage this investment before dipping into invested IRA monies. Understand the two different ways to use your IRA in purchasing real estate. One method relies on the IRA to own the real estate through a self-directed IRA custodian. A second relies on IRA funds for the purchase, but the real estate is owned outright. Use financial and legal counsel to determine which way of using your IRA to purchase real estate is best for you. Locate an independent IRA custodian that deals with real estate transactions and arrange your investment plan.
