There are countless questions concerning the rules and regulations for investing in real estate, and one common question is whether an individual may use a self-directed IRA to invest.
While self-directed IRAs are individual accounts, specifically meant for retirement, individuals are able to leverage the value of the account and put it toward real estate by following a few rules.
According to Century21McMullen.com, an IRA can pay for and hold the title of a property and can be joined with either IRA or personal funds. It can even be used to maintain the interest in an LLC or land trust, therefore giving it the ability to hold the title of the LLC.
An IRA is actually incredibly versatile and can be used to hold anything from commercial buildings to mobile homes to vacant lots.
Self-directed IRAs are a great way to secure investment opportunities, but the finer details are always best discussed with a professional. More details about how to handle such investments can be found at the website of The Entrust Group, which outlines the exact process of such an endeavor.
6400 North Northwest Highway
Chicago, IL - 60631