Use Your IRA to Invest in Foreclosures: 5 Things You Need To Know Investingin a foreclosure property with your IRA can be a great way to increaseyour available funds to make deals and possibly grow any earningstax-free. Yeah, tax-free earnings. For those veteran investors (andlearned newbies), tax-free earnings is exactly what you have beenlooking for. That is one of many benefits of investing with yourself-directed IRA that can help build your wealth portfolio. Here are a few points everyone needs to know to help get started: 1) Get that foreclosure. Your IRA can purchase a foreclosure property which could free up otheravailable funds for additional investments. Notice the 'Your IRA' partof that statement. Since your IRA owns the property, all expenses thatgo into the property must come from the IRA account. Because of this,your IRA can reap certain tax advantages (#4). If your IRA doesn't haveenough to own and maintain an investment property outright, you couldalways own a specified portion of a home through a partnership(undivided interest) or look into non-recourse loans. 2) Go ahead, sell it or rent it out! If you decide to rent or sell a property, that decision is completelyup to you. Either way, it will help you reach your investing goals ifyou’re using a self-directed IRA. The funds received from a sale orincome from renters would go directly toward growing your IRA account,which in turn, will help you make more out of your investments. 3) Tax-Advantages! The two types of IRAs, Traditional and Roth, have different taxadvantages. With a Traditional IRA investment, you would not have topay tax on any earnings until you started making qualifieddistributions at 59.5 years old. The idea is that you could possibly bein a lower tax bracket at that time and enjoy the fruits of your laborwith less tax applied than you do today. TheRoth IRA allows you to grow all earnings tax free (meaning you neverhave to pay tax on it) since the money used to fund the account is'after-tax'. Paying tax later at a lower rate (Traditional) or not everpaying tax on earnings (Roth) makes that foreclosure investment lookeven better, doesn't it? 4) Where’s your IRA at? To invest in foreclosures with your IRA it must be a self-directed IRA.Unfortunately, most financial institutions will not allow you toself-direct your IRA investments because they want you to invest intheir stocks, mutual funds, and bonds portfolio. To get out of thattrap and start choosing where your money is invested (i.e.foreclosures), you need the assistance of a qualified and experiencedself-directed IRA custodian. A custodian acts on your behalf tofacilitate your self-directed investments through IRAs, 401ks and othersmall business retirement accounts. 5) Do your research. Self-directing IRA investments in real estate is perfectly legal andhas been since 1974. You should be aware of the guidelines the IRS haspublished about IRAs (IRS Publication 590. You wouldn't invest in ahome without knowing about the property, would you? Knowing yourinvestment funding options should be treated the same way. Consult yourfinancial team (custodian, CPA, and/or lawyer) to learn as much as youcan to maximize your investment's tax benefits. Dosome homework, find the right self-directed IRA custodian, and free upadditional capital to start growing your foreclosure investmentstax-free! Using a self-directed IRA is a great way to build out yourinvestment portfolio and reach your financial goals.
Call Donna @ Kocurek Captial Investments, LLC today for an appointment to discuss your options - 803-322-7060. P.S. Don't forget to sign up for the November 15th Workshop on how to use your Self Directed IRA to invest in real estate. This message was sent by: Kocurek Capital Investmetns, 15105-D John J. Delaney Rd. #223 , Charlotte, NC 28277 Powered by iContact: http://freetrial.icontact.com To be removed click here: http://app.icontact.com/icp/mmail-mprofile.pl?r=29567540&l=49282&s=2G95&m=362662&c=274296 Forward to a friend: http://app.icontact.com/icp/sub/forward?m=362662&s=29567540&c=2G95&cid=274296 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Dubai Realtors" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/dubai-realtors?hl=en -~----------~----~----~----~------~----~------~--~---
