You might be aware that you can choose investments other than the traditional offerings for your Individual Retirement Account (IRA). Self Directed IRAs offer non-traditional investments allow you to invest in real estate, precious metals, notes, tax lien certificates, private placements, and many more investment options.
Tall Tree assist our clients in using this tax benefit to invest in local real estate.
You must setup a Self-Directed IRA. Several reputable companies provide individual investors with the ability to set up self-directed retirement accounts. You will also need a custodian that will provide some much-needed guidance. Tall Tree can assist you in this area.
Things to Consider When Investing in Real Estate Through Your Self-Directed IRA
Tall Tree specializes in working with clients who invest their retirement funds into local real estate. We will work with you throughout the invesment process, but here a few items to consider as you move forward with this strategy.
- You cannot purchase properties owned by you, family members, or certain other individuals.
- You cannot have “Indirect Benefits” from the property you buy in your Self-Directed IRA.
- Titling your property would reflect the fact the property is in your IRA’s name and not you as an individual.
- You can purchase property in your IRA with others and if financed. Contact Tall Tree for additional information.
- Expenses for the property such as taxes, HOA fees, and maintenance charges must be paid from the IRA account.
- Income from your IRA property goes back into your IRA.
Contact Tall Tree to learn more about how you can invest your retirement finds in Grand Rapids real estate.