We all may have noticed that when Real Estate is up, Stocks are down. And Vice Versa. We have retirement monies in Stocks, bonds, mutual funds and maybe some Real Estate. Somehow in some sort of IRA, presumably.
Right now, we know Real Estate is down. Oh yeah, very low pricing to be had. What you may not all know is that there is a way to cash in on that without having cash in your pocket.
You can, and should strongly consider it, roll money from one IRA into a Real Estate IRA and not be penalized.
There are a couple different ways I've discovered, but I am not giving tax or legal advice at all. YOU need to speak with your financial planner, tax advisor or attorney before you consider doing anything like this. Agent disclosure here.
What I've found is that you can have a Real Estate IRA that is self-governed. You make all the decisions. You set up this IRA and any monies related to it go in and out of that IRA account. You cannot live in the property, you can't take profits from the property, until you are ready to retire. This is just another avenue to have retirement income when you are retirement age. I like it!
There are also syndicate type Real Estate IRA's where you pool money with other investors and are just in the background watching your Real Estate IRA progress and then cash in when you retire.
Some require a custodian, some do not. There is a lot of information on the web. Not every financial institution does this type of IRA. Your existing IRA custodian or advisor, may have to refer you out to another party.
If you discover, after doing some research and getting the legal/tax advice recommended (more agent disclosure), that this is something you are interested in....then call me and I'll help find the property for your Real Estate IRA!!!
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