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última version al 22:32 16 feb 2012
When talking about financial retirement, most Americans have IRA's as their option for tax shelter. Some people invest money in bonds and stocks and some even in mutual funds but there are other ways as well. You can also invest IRA for real estate. There is about ninety-seven percent of IRA money that invested in bonds, stocks and mutual funds but you can also reach the remaining 3 % who wish to be diversified and have their IRA invested in a property.
It is legal and a good idea to invest your IRA for real estate. To keep your fund diversified, you can use it in real estate such as apartments, commercial buildings, duplex or a house. Not only will you be diversified in stocks and bonds but also with different sorts of investment. Even in today's market conditions, it's quite possible to earn value with true diversification using property. It's also a major advantage if you consider IRA as a long term investment.
To invest your IRA for real estate, you will need to secure an account with a custodian that focuses in placing IRAs into real estate. The IRS does not allow you as the owner of an IRA to handle the financial transaction that relates directly to the ownership of property. Everything should be looked after by custodial company.
The single thing you must bear in mind when you plan on buying property with you IRA fund is that it has to be an investment property. It can neither be a primary or secondary home for you. So when you go search for a property to purchase, you must be sure that it is either rented or is going to be rented once you buy it. This is a vital element.
But another thing that you have to know about is that it is not too simple to find a lender for your IRA property investment. In fact, most banks won't lend you cash to buy through an IRA since legally IRS will not let a guarantee made by you as the borrower. There is also one other reason why custodian is needed. So before you do anything with your fund in terms of IRA for real estate purchase, make sure you have a custodian to manage your funds.
Investing your IRA for real estate is quite complicated but it can also be a great way to diversify your IRA. And since you do not need to buy the property with cash then you may diversify further or beyond that. The main thing is to be sure to choose the right property, have an account with custodian for your funds and have proper knowledge in IRS laws when talking about purchasing a property.
