957,192
Yes, that can be done with the help of a facilitator.
UdirectIRA.com of Irvine, CA. They handle ALL 50 states!
714-831-1866
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Ron and Alexandra Seigel
Carpinteria, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Barbara Todaro
Franklin, MA
-
Mary Yonkers
Erie, PA
-
Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Candice A. Donofrio
Fort Mohave, AZ
2,222,281
I have.
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Pete Xavier
Pacific Palisades, CA
-
Mary Yonkers
Erie, PA
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,057,564
Yes, we had someone buy land as part of their self-directed IRA. Pete X gave you a great resource. I know my guy's facilitator was somewhere down in Phoenix.
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Pete Xavier
Pacific Palisades, CA
-
Mary Yonkers
Erie, PA
-
Anthony Acosta - ALLAT...
Atlanta, GA
6,425,063
This sounds like something Bill Roberts may know about.
-
Richard Weeks
Dallas, TX
-
Bob Crane
Stevens Point, WI
-
Pete Xavier
Pacific Palisades, CA
-
Mary Yonkers
Erie, PA
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,034,276
Thank you Pete Xavier with X Group Real Estate Advocates ..good answer.
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Pete Xavier
Pacific Palisades, CA
2,684,769
Pete Xavier with X Group Real Estate Advocates and Candice A. Donofrio gave you great answers and links.
Best to you, and to your friend!
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Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
1,712,876
We do Self directed IRAs in Oklaghoma City often as well as 401K investment loans.
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
809,258
We took a class on it years ago, but we have not worked with anyone who has done it. We have thought about doing it ourselves - we'd have to talk to our accountant a bit more before doing anything and learn about it more though. -Kasey
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
717,085
I have heard of this, but haven't experienced it within our brokerage. Our median sales price is way below $750,000, but we have consistently been growing around 10% per year for the last 5 and anticipate continued growth.
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Mary Yonkers
Erie, PA
-
Anthony Acosta - ALLAT...
Atlanta, GA
719,397
Price and ROI are not issues of this type of purchase, however, it is advised to place the property in a single use LLC that is owned by the IRA. If there is a mortgage inviolved itMUST be a non-recourse loan.
-
Bob Crane
Stevens Point, WI
5,116,928
Sorry... no experience with this and can't help.
-
Richard Weeks
Dallas, TX
213,263
I cashed my IRA into a self directed IRA, set up an LLC, and bought a rental home with it. My return is 23% over the past 2 years.
-
Pete Xavier
Pacific Palisades, CA
5,773,261
5,258,256
My market (Charlotte NC) is definitely more affordable - $750K would be mid-line luxury in Charlotte (Our luxury prices begin in the high $400's!)
Year-to-year appreciation in several of our communities is at least 5%, Hella Mitschke Rothwell. Send her my way - I'll help her with the self-directed IRA investment!!
-
Pete Xavier
Pacific Palisades, CA
3,988,013
I have an investors clients that have bought real estate with their IRAs. It is done quite often in fact.
-
Debe Maxwell, CRS
Charlotte, NC
5,583,328
good guidance from Pete Xavier with X Group Real Estate Advocates follow him.... he knows his stuff!!!!
-
Pete Xavier
Pacific Palisades, CA
1,231,853
Interesting concept. Thanks for Q&A on this topic.
-
Pete Xavier
Pacific Palisades, CA
3,416,038
Our median price is around $270,000 in NH. Our values are increasing from 3 to 6% a year depending on area.
-
Mary Yonkers
Erie, PA
505,742
921,504
Yes, that is becoming increasingly common.
However, make sure you know the rules before buying that dream house.
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Anthony Acosta - ALLAT...
Atlanta, GA
4,434,177
5,879,716
1,506,973
4,967,177
3,071,589
3,350,619
Yes. I have. There is a process that must be followed, paperwork that must be completed.
1,617,916
come to Phoenix we can assist to buy, rehab and manage. Love self directed IRAs
716,659
1,728,767
YEs and there are specific I.R.S. rules and the need to return the funds back to the IRA within a specific period of time or face a tax.
7,871,066
4,800,132
4,907,541
353,865
4,319,873
1,554,959
Our median price is about $555,000 and we are the Hawaii of the Mainland!
San Diego, CA
3,986,308
1,242,204
Suggest buying income property with IRA. Cap rate of ~5%. The income can come from cattle, horse, human etc.... The appreciation needs to be higher than inflation.... Land too far out of metropolitan or small island will not fit your criterion.
2,379,887