Saturday, May 27, 2006

USING YOUR IRA TO BUY REAL ESTATE

Many people are not aware that the funds in their retirement accounts can be used to buy real estate. Acceptable investments include a rental property or a piece of land in path of development. How about a parcel of land that you feel would be pretty easy to take through the "subdivision" or "entitlement" process?.....an almost perfect fit. The key issue is this: you can't live in it; your children can't live or rent it from you; nor can your parents or grandparents. The profits from those real estate investments stay in the retirement account and as such are exempt from current taxation.

Like anything that has to do with taxes, there are rules to follow and this may not be for you. I would be happy to discuss the opportunities with you. Also, I have a DVD of a seminar I did on the subject. If you would like a copy of that e-mail me your snail mail address and I'll get it out in the mail to you right away.

E-mail address Rick@BuyDurango.com

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