flipping houses: Do you have a Self-Directed IRA? Every real estate investor needs to read this.
- 04/17/12 08:04 AM
A growing number of real estate investors are using a self-directed IRA to finance their property purchases nowadays. That’s because a self-directed IRA can provide them with the opportunity to buy real estate and earn rental income without paying early distribution fees.The Investment Company Institute – the national association of U.S. investment companies, estimates that about $4.7 trillion in IRAs were held in the U.S. last year. Of this, an estimated $94 billion (only 2 percent) are in Self-directed IRAs.A Self-directed Individual Retirement Account (IRA) is not your typical IRA since it allows the account owner to invest in a wider … (0 comments)
So over here at Heaton Dainard, we found an investor this property to flip, assisted with all financing (hard money loan), assisted our investor in creating an exit strategy and rehab plan, used our trusted contractors and stagers and had the house sold for top dollar before it even went on the market! It sold for over a million, nearly double what it was purchased for before the rehab. Let us know what you think of the transformation. I'll be updating the blog with the exact number breakdown in the coming week, so stayed tuned in to Heaton Dainard's blog and learn more … (72 comments)
A growing number of real estate investors are using a self-directed IRA to finance their property purchases nowadays. That’s because a self-directed IRA can provide them with the opportunity to buy real estate and earn rental income without paying early distribution fees.The Investment Company Institute – the national association of U.S. investment companies, estimates that about $4.7 trillion in IRAs were held in the U.S. last year. Of this, an estimated $94 billion (only 2 percent) are in Self-directed IRAs.A Self-directed Individual Retirement Account (IRA) is not your typical IRA since it allows the account owner to invest in a wider … (0 comments)
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