Self Directed IRA's to buy Real Estate?

By
Real Estate Broker/Owner with Home Realtors 208-870-5133 DB26967

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Tired of seeing that IRA statement with loss's or very small returns? Did you know you can use that money to buy a house? Even a rental property? If you have a self directed IRA you can have the IRA purchase the property in your name with no tax penalty (check with your CPA to verify, I cant advise you on this) I have seen a majore increase of folks doing just that in the Treasure Valley. Think about it, you can buy a duplex or even a single family home, pay cash, and the rent is pure cash flow. Does your IRA do that? Just a thought. We have inventory, REO's and HUD properties selling for under $50K, but it wont last much longer as the Boise area has already been recognized as a top 10 city to recover FIRST. (See my previous blog) Call me if that sounds like something you might be interested in. :>)

 

David W Hughes, e-PRO
Designated Broker/President
Home Realtors of Idaho
3330 N Meridian Rd #100
Meridian, ID 83646
208-639-4567 Office
208-989-2749 cell/text
800-396-8589 Toll Free Fax

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Homedale Branch
(next to Paul's Market)
208-337-3000 Office
208-337-3010 Fax
"Gettin a move on"

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David W Hughes, e-PRO
Designated Broker/President
Home Realtors of Idaho
3330 N Meridian Rd #100
Meridian, ID 83646
208-639-4567 Office
208-989-2749 cell/text
800-396-8589 Toll Free Fax

 

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