Using IRAs to Buy Real Estate

SAN FRANCISCO (MarketWatch) — One of today’s soundest investments is never touted in financial-services ads. The reason: Wall Street wouldn’t make any money off it.

Since 1974, Americans have had the ability to use IRA assets to buy investment property. Yet the means to do that — called a self-directed IRA — remains one of the least known and unheralded investment vehicles in the vast financial marketplace.

With foreclosed homes selling at dimes on the dollar, residential real estate is a bargain for investors holding cash. And if they can put 30% down, IRA investors will find specialty lenders eager to help them leverage their retirement savings with mortgages on rental properties. For the rest of the story click here

 

Market Watch,  April 1, 2009

by Chris Pummer

Chris Pummer is a former senior editor for MarketWatch and Bloomberg News and a reporter for such papers as the Los Angeles Times and San Jose Mercury News.

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Recent Comments
Hi Paul, Sorry Woodridge is no longer available. Pine Bush allows horses at 1 per acre. They may allow 2 but you need to check with
Hi, can i keep a couple horses at pine brush? And is property still available at woodridge? Have a good holiday.
Sorry but I recently accepted an offer on the property. WIll let you know if it doesn't close. Thanks for looking. Bruce
Hey Bruce! Robert here, I called you earlier today and left you a voicemail. I will call back tomorrow, on Monday, June 25th @
Please let me know if this property is still available
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