Did you know your IRA can
purchase real estate? That’s right, since 1975 IRAs and 401k plans have been afforded the ability to purchase real estate, which has helped many
investors create large nest eggs by investing in what they know and understand.
By simply transferring your
IRA from the bank or brokerage firm you are currently using to a self-directed IRA administrator, you gain the ability to make
your own investment decisions, without being limited to the
stock market. With all of the uncertainty in the stock market, now more than
ever is the time to learn how to take control
of your retirement plan and invest in Self-directed
IRAs offer substantial tax advantages that have made many millionaire
investors.
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In addition,
because the profit from the sale is deposited back into the IRA with no tax
on gain or growth, the investor enjoys
the power of compound interest to invest the next real estate deal.
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Although
IRS 1031 exchanges can be used to fund partial IRA investments in real
estate, self-directed
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IRAs do not have
the same limitations and holding periods, thus are much more flexible.
Finally, if you’re
like many investors who are tired of poor-performing
investments in stocks, bonds, and mutual funds,
self-directed IRAs offer true portfolio diversification; i.e., in real
estate, to help build wealth via tax-deferred
or tax-free income-generating assets!
A. John Richwine CCIM 904-421-8544
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