Did you know you can add real estate to your Individual Retirement Account (IRA)?
In these turbulent market times, adding directly-owned real estate may be a great diversification technique for sophisticated investors. This option is not widely discussed by financial institutions as it draws money out of more traditional equity and fixed income investments, but it can be a powerful tool for those with significant retirement accounts.
You can invest all or a portion of your IRA in residential or commercial real estate to achieve income and/or asset appreciation by following some basic rules set out by the Internal Revenue Service (IRS). We at the Solomon Property Group are here to guide you through the process at each step. Income generated by the real estate, be it through rent or price appreciation, remains in a traditional IRA and grows tax-free until withdrawn. If using a Roth IRA, any income or appreciation from the real estate accumulates and can be withdrawn tax free in the form of Roth IRAs distributions!
We advise that you discuss this investment approach with your tax and financial advisors to be sure it is appropriate for your particular situation.
Call Ron Goldberg who can walk you through each step (based on his own personal experience) of setting up a self-directed IRA, searching for and purchasing real estate, and hiring a top-rated professional property manager.
Call or email Ron today at 310-913-0385 or Ron@spg83.com to get started!