Are Self-Directed IRAs for Real Estate a Good Idea? Maybe Not (Part 1)
Keeping real estate in a self-directed IRA may seem like a smart move.
But beware of the possible consequences!
To get my complete article
with all the details…
Yes. Holding real estate in your self-directed IRA does have advantages. For example, it diversifies your retirement investments…but watch out!
This IRA strategy can come at a hefty price.
For example, you could lose valuable real-estate tax deductions and fall victim to…
The crippling “prohibited transaction” rules.
Owning real estate in a self-directed IRA is very different from owning it any other way.
This is because you and your self-directed IRA must be kept totally separate. Always remember…
Self-dealing is not allowed!
To avoid self-dealing, your self-directed IRA can’t do business with any of:
7 categories of disqualified persons
None of these people can engage in:
3 prohibited activities
Breaking the prohibited transaction rules can have:
10 serious consequences
As you can see, holding real estate in your self-directed IRA comes with real risks.
My advice? Don’t take them without…
CLICKING HERE to get my complete article…
“Are Self-Directed IRAs for Real Estate
a Good Idea? Maybe Not (Part 1)