|
|
| *Home>>>Income Fund |
Can my retirement account invest in real estate that I purchase for leasing to unrelated tenants? |
If I have a retirement account, say a 401k or an IRA, can I use those funds - not to borrow - but as an investment in a mutli-tenant residential apartment complex that I will be leasing to unrelated tenants to derive income? How is this done? Who do I talk to about the details? If you can find an IRA trustee to do it, it is allowed. But with strict limitations, including: Your IRA must own the real estate strictly as an investment, which means no use by you or certain family members. The IRA trustee must also hold legal title to the property. And finally, your IRA must have sufficient liquid assets (either from other investments in the account or from your annual contributions) to cover any costs associated with owning the real estate. Yes. (If the Apartment Complex is part of a publicly traded REIT) |
| Tags |
| Investment Account Invest Money Invest in Gold Invest Fund Income Fund HYIP High Yield Hedge Fund |
| Related information |
Sorry you're going through this issue. Your question caught my attention because I actually lived in an RV while going to college and living in South Orange County. There are two ways of goin... Spend it on something you don't have by the way are you married cause you look like your hot ...You know the hardest thing I had to deal with was my mother when she got older not listening to me either. Finally she did but by that time she had lost 10K off her house had she listened to me. Th... 1) you don't get money back from your W-2s. your W-2s tell you how much your employeer paid you and withheld and gave to the federal, state, and local govts. 2) if you are asking us to do a... Is moving back in with your parents homes an option (for the meantime), to cut the big expense of rent down? I think most schools have programs to help find jobs. If you belong to a church, they ... Hi again sjdc83, I can answer part of your question regarding sending funds to his children. Any money that he sends to you is NOT tax deductible to him in any way, such money is considered gift... As you've already realized, the wording of the Trust is very important. The intent of the Trustmaker must be honored and so no complete answer can be given without a thorough review of the la... Consolidation doesn't really help. Is it really worth a 3% fee ($750) to reduce your paperwork? It sounds like you don't have a monthly budget, because the bills keep hitting you all ... |
Categories--Copyright/IP Policy--Contact Webmaster |