Commercial Investors
Investing in commercial properties can be an excellent way to build wealth within an IRA. There are no rules that disallow investing in real estate, either for commercial or residential use. Most types of commercial real estate are eligible. This includes office space, golf courses, hotel and resort properties, tree farms, fisheries, and more. There are rules regarding your inhabiting a real estate asset that is included in your IRA portfolio but, as long as neither you nor your relatives live on the property, it is usually allowed. However, the process for buying real estate with IRA funds can be rather complex.
Investing IRA assets in real estate is not like investing them in stocks. There are more entities involved in the purchase, more paper work to fill out, and more rules to follow. Such investments can easily draw penalties from the IRS if everything is not handled properly. So, if you decide to try and include real estate in your IRA portfolio, you should be absolutely sure of your IRA advisor and double-check all your work.
Once you have the strength in your IRA and the right IRA advisor, the time has come to decide what sort of property you want to purchase. Your IRA can buy a franchise, a piece of timber land, or beach-front property for condominium development. Your choices are pretty much wide open.
Whether you are a commercial real estate developer in Atlanta, Florida, or Milwaukee, or Salt Lake City, contact Asset Exchange Strategies as to how you can fund your next or pending commercial development project from retirement IRAs. Our Self Directed IRA Advisors advise you on how to grow your retirement account.
We can assist you as to the how to:
- Use the retirement funds for all if not part of the down payment
- Be able to finance the property without conflict with IRS codes
- Be able to get a reasonable salary for managing the project
- Have the net proceeds flow through to retirement accounts
- Flexible partnership allocation.
|