How Do You Make IRA Real Estate Investment Using An IRA Custodian?
Making an IRA real estate investment is not an easy job, as there are many rules and regulations which could easily get you into trouble with the IRS. According to most of the laws which are in place governing the IRA, using the IRA to buy any kind of property can put you in violation of their terms. This in turn can easily have you paying for taxes for the full value of the IRA along with penalties. Though the process may seem a very simple one there is actually a lot of work involved starting from finding a proper property to invest in, as you just cannot just go buy yourself a new house using your IRA. Rather than making an actual investment yourself a much better way is to use an IRA custodian, as this way you will be free from violating your terms and conditions on the IRA. Finding an IRA custodian is not an easy job as there are not too many of them available. It may be of a futile effort to search for them at your local bank or even the mutual fund company. However, many of them
