IRA Real Estate Investing ? With all the uncertainty on Wall Street today, people are looking for way to reinvest their retirement accounts to maximize their return on investment (ROI). More people are finding out that they can use the money in their IRA to purchase Real Estate. It can be any type of Real Estate such as Single Family Homes, Commercial Real Estate, and even Land.
As with everything in life you do have risk and it pays to do your homework. You should contact your tax adviser and discuss if pulling money from your IRA to purchase Real Estate is a good idea. Do Your Homework as setting up a Real Estate Investment Trusts has many complex rules and can burn you if you don?t do it right.
The first thing you need to do is identify a property you want to purchase. Remember, the property you purchase with your IRA Real Estate Investing funds has to be an investment property and cannot be used for a personal residence or a vacation home. When you have found the subject property you have to find an IRA Real Estate Investing custodian that will allow Real Estate Investments to structure the trust and purchase of the property.
The drawback from using your IRA Real Estate Investing to purchase investment properties is the loss of the depreciation deduction. Not to fear though, people who do their homework achieve high property appreciation and the benefits outweigh the loss of the depreciation deduction.
It?s important to understand that using your IRA for Real Estate Investments is not for everyone. If you know what you are investing in and have calculated all the cost of your investments in advance, you can turn a good profit.
The James Moyer Group with RE/MAX Solutions has been helping investors over the past couple years locate investment opportunities. If you are looking to invest in the Phoenix metro area please call us 480-264-0570. Our Team of professionals are ready to help.
Source: http://www.arizona-realestate-market.com/ira-real-estate-investing/
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