Wednesday, April 22, 2009

You Can Buy Real Estate with Your IRA or 401(k)

If you have a self directed retirement account you can use that money to buy real estate.

The real estate will be a position in your account the same as stocks, bonds, etc.

There will be no early withdrawal penalties but the property will have to be an investment and can not be a primary or secondary residence.

I found this out after listening to a representative from Entrust (self directed account plan administrator).

Some things of interest:
You can partner with other IRA's or with other people's personal funds.

All expenses are paid by your retirement account.

All income goes directly into your retirement account.

You can leverage your retirement account with a non-recourse loan.

To find out more go to www.TheEntrustGroup.com


Michael Lutz
Coldwell Banker
303-780-7573
michael.lutz@coloradohomes.com
Referrals are a large part of my business.
Please pass my name along to anyone that is buying or selling a home.
Please let me know if you are currently working/under contract with another broker.

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