Daily Real Estate News March 19, 2008
Seek Property Bargains for Your IRA
Real estate practitioners who are spying good deals these days and who are confident real estate isn’t far from a turnaround might consider investing their Individual Retirement Account funds in property.“A lot of people prefer real estate. That's where they've been successful and that's what they're comfortable with,” says Bill Humphrey, principal of Entrust New Direction, based in suburban Denver. The office is a member of The Entrust Group, a national firm that serves as an administrator in nontraditional IRA investing.Compared to buying stocks or mutual funds, investing a retirement account in real estate is complex and riddled with IRS regulations. Working with a knowledgeable self-directed IRA administrator is important.Places to turn for more information include:
How to Invest in Real Estate With Your IRA and 401(k) & Pay Little or No Taxes, by Hubert Bromma. McGraw Hill, 2007.
IRS Publication 590: Individual Retirement Arrangements
The Entrust Group's real estate website: Enturst GroupSource: Denver Post, Tom LaRocque (03/09/08)
www.RandBCoastalRealEstate.com
www.InvestSmarter.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
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