Can IRA Funds Be Used to Purchase Real Estate?
I’m Ted Thomas, and today I’m going to answer your question, “Can IRA funds be used to purchase real estate?”
What are IRA funds? Individual retirement account funds. Some people call that a traditional IRA, or it could be a Roth IRA. Let’s talk about that.
I’m also going to give you some inside tips on how to make money using IRA funds.
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Can IRA Funds Be Used to Purchase Real Estate?
IRA Funds
There’s a lot of hype out there, everything from insurance companies to banks, talking about IRA funds.
If you’re buying an IRA at your local bank or insurance company, it’s not going to do you any good if you want to purchase real estate.
Yes, they’ll tell you that it’s a self-directed IRA, but that’s not what you need.
You need to have an IRA fund that you’re doing yourself and funding yourself. No banks, no insurance companies. You’re doing this yourself.
Can IRA Funds Be Used to Purchase Real Estate?
Buying Tax Lien and Tax Deed Property Online
The tax lien and tax deed business has changed. It’s just getting better and better every year. That’s because it went online about 10 years ago, and now it’s become sophisticated enough so that it’s a much easier business.
It wasn’t so long ago that we had to trudge our way over to the county, get a list and start from scratch.
Now, you can sit right there at your computer, and you can buy tax liens and tax deeds online.
Can IRA Funds Be Used to Purchase Real Estate?
Buying Property With IRA Funds
But hold on, what we’re trying to talk about today is individual retirement accounts, either a traditional IRA or a Roth IRA.
Can IRA funds be used to purchase real estate? Yes, you can purchase real estate.
I’m not an attorney, broker, CPA, or IRA salesman. I’m none of those things. I’m just an average guy who’s been investing in tax liens and deeds for 30 years, and I’ve specialized in teaching people how to do this over the past 25 years.
You can use individual retirement account funds to buy real estate. So, you want to start learning how to do that.
Can IRA Funds Be Used to Purchase Real Estate?
Traditional IRA or Roth IRA
With a traditional IRA, you can take money from what you earn and put it into the IRA to start investing.
Once you have money in there and it builds up, then you might want to have a Roth IRA.
With a Roth IRA, you can pay taxes when you buy, then you don’t have to pay taxes again for the rest of your life.
I have clients who own 30, 40 or even 50 properties in their Roth IRA, so all the growth in that IRA is tax-free for the rest of their life.
Can IRA Funds Be Used to Purchase Real Estate?
Tax-Free Profits
Let’s say you bought a property with an assessed value of $100,000 at a tax defaulted property auction and paid $20,000 for it.
Now you’re renting that property, and in 5 years, you sell it for $75,000. Well, all of that profit from $20,000 to $75,000 is tax-free.
You can take that money, invest it, and you don’t have to pay taxes on it. That’s the way to grow your wealth quickly.
Can IRA Funds Be Used to Purchase Real Estate?
Your Retirement
IRA money is very important, not only to take the tax deductions, but it’s also very important to use the Roth IRA to build up your retirement.
If you don’t have to pay taxes and can do it legally, that’s the way to do it, and you should learn how.
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Can IRA Funds Be Used to Purchase Real Estate?
Investing in Tax Delinquent Property With an IRA
How are you going to do this? If you’re using IRA funds to purchase tax liens or tax deeds, a county employee or the auctioneer at the auction is going to say, “How do you want to title your purchase?”
If you’re buying property, do you want to title it in your own name? That’s okay, but if you had a traditional IRA or a Roth IRA? That would be better because of the tax advantages.
Tax deeds and tax liens work for IRAs so you need to start thinking about that.
Can IRA Funds Be Used to Purchase Real Estate?
Conclusion
Can IRA funds be used to purchase real estate? Yes, they can, and it affords you big tax advantages.
You can use a traditional IRA or a Roth IRA. Just make sure it’s a truly self-directed IRA.
If you’d like to know more, Ted provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops, web classes, and personal coaching with certified coaches.
You can learn how to reap the huge rewards from tax lien and tax defaulted property investing! Get started today by taking advantage of Ted’s Free Master Class! Act now, it costs you nothing and will give you a big head start!
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