Can Real Estate Be an IRA Investment Property?
Difficult economic times have caused people to look towards methods on how to successfully invest in property and people are looking into using a self-directed IRA in order to purchase real estate. In order to make this kind of investment, the IRA funds must reside with an IRA custodian who offers real estate as an investment option. A few steps to take when investing into real estate through your IRA are: 1. Contact the custodian of your IRA funds and make sure your IRA fund custodian will permit you to invest in real estate. Even though IRA funds can be used when investing cash into real estate most banks will decline this type of investment due to real estate being a burden. 2. Make sure you discuss the options and procedures available for investing cash into…