Real Estate is Booming in Self Directed IRAs
July 23, 2009
I have seen an influx in the number of clients who are using their IRAs to purchase real estate. Many of them are purchasing multiple properties. While I certainly wish that our economic condition was in a better state, I have to say that I am glad to see that people are able to purchase properties at affordable prices. I had a client purchase waterfront property for $40,000.00. Another client purchased a house for $20,000.00. People who once thought that they could never own a piece of paradise (yes, most people would say that SWFL is a paradise) are now able to do so. I literally get several Buy Directions every day, all of which are real estate purchases with a Self-Directed IRA. The popular opinion of our clients is that they can’t believe what a great deal they got, and that they were able to use their IRA to purchase it. They, like so many other investors, have grown somewhat disheartened with the stock market. Our clients were ready for a change, and they were ready to invest in what they knew best. Any income that is generated from the property goes right into the IRA. Any expenses come directly out of the IRA. Not to mention, they love the amount of control that they have with how and where the funds are invested. It is that simple. Building wealth for retirement has never been so easy! If you would like to know more about how you can use your IRA to purchase real estate, give us a call at (239)333-1031. We would be more than happy to answer any questions that you might have. For more information on our services, visit us at www.entrustfreedom.com.
Written by Theresa Knower, Theresa is the Real Estate Transaction Manager at Entrust Freedom with over 10 years experience. Theresa is an expert at 1031 Exchanges, please feel free to contact her at theresa@entrustfreedom.com or 239-333-1031 x207.
