I learned a couple of years ago that you can use your IRA to purchase real estate investments. There is an article you can read on line by KELLI L. CLICK entitled Buy Real Estate in Your IRA. CLICK HERE to read the ARTICLE. Or do as I did and do a GOOGLE search to search for additional articles that explain the process.
I view the process as being somewhat akin to the IRS Section 1031 rules. There are specific rules regarding how the property must be acquired, held, financed, etc. If you follow the rules, you get to use your IRA to potentially make a huge investment gain in today's fumbling real estate market.
Today is March 13th and the website BEST MORTGE RATE is quoting 30 year fixed mortgages at 5.375%. That rate is not for a non-recourse loan such as would be required to purchase real estate for your IRA. But the rate is indicative of the current low market rates that should be encouraging real estate investment.
There are many properties in Key West that may qualify for a self directed IRA real estate investment. Do your own search of the current inventory of properties by CLICKING HERE
If you see something you like, please call me at 1.877.778.7092 for more information.
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