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Anyone know how to use an IRA to buy a house?

By Epcon Communities Epcon Columbia

Real Estate Agent with Epcon Columbia, SC

March 15, 2009 02:15 PM

Does anyone know how to use an IRA to buy a house?

I have a customer who would like to use their IRA to buy a house. What is the best reference on how to do this. Has anyone worked with a client who has done this? How has it worked.

The home in question is about $230,000.

Thanks in advance for any advice/help.

Daniel

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Associate Broker Falmouth MA Cape Cod Heath Coker

https://teamcoker.robertpaul.com - Falmouth, MA

Heath Coker Berkshire Hathaway HS Robert Paul Prop

Study "self directed individual retirement accounts" or "self directed IRA". It is being done.

Mar 15, 2009 02:36 PM

Donald Wenner

Keller Williams Maplewood Mid-Town Direct - Florham Park, NJ

If it is a first time home buyer, they can take a withdrawl, penalty free up to $10,000. Hope that helps

DW

Mar 15, 2009 02:41 PM

Lane Bailey

Century 21 Results Realty - Suwanee, GA

Realtor & Car Guy

Find Ken Cook. If someone is going to know... Ken will know. If he doesn't, he will know who will.

Mar 15, 2009 03:05 PM

Anonymous

Chris

Look at iravestor.org and Pensco trust

Mar 16, 2009 02:29 AM

#4

Anonymous

bronson

Check out Equity Trust www.trustetc.com

Mar 16, 2009 03:15 AM

#5

Anonymous

John

Can you take enough out to buy the house out right and pay back into the IRA like rent?

May 07, 2010 10:11 AM

#6

Anonymous

Bryan Ellis

Best source for this information: https://SelfDirected.org/ira

May 10, 2017 03:36 PM

#7

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