Wednesday, July 18, 2007

REAL ESTATE IN RETIREMENT PLANS

The law allows your qualified plan or IRA to own just about any kind of real estate. You can invest directly in property: single family and multi-unit homes, co-ops, condos, apartment buildings, even improved or unimproved land. You can invest indirectly in real estate investment trusts. If you buy a property for your IRA, the income and appreciation normally builds up tax-free until you start to take withdrawals.

This is a source of money for real estate investing yet untapped for the most part.

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