Self Directed Retirement Accounts For Real Estate
Posted June 16, 2020 at 9:51 am by Tim Dustrude
Merri Ann Simonson – Contributed photo
Merri Ann Simonson checks in with another Real Estate tips column…
Do you realize that you may use all or a portion of your retirement funds to invest in real estate? Retirement accounts are basically Trust accounts for your benefit when you retire. In the 1970s, the IRS approved real estate as an investment option you can purchase with your IRA or a 401 (K).
You may also obtain a non-recourse real estate loan that is granted to your self-directed IRA which will increase your purchasing power. Typically, the lender will loan up to 50% loan to value on a 3, 5 or 7 year adjustable rate mortgage. Today’s rates are around 4.5%-5.5%. There are several lenders that offer this very unique product. See link below.
To finish reading this article, please visit http://sanjuanislandslifestyle.com/blog/
You can support the San Juan Update by doing business with our loyal advertisers, and by making a one-time contribution or a recurring donation.
Categories: Business, People, Real Estate
No comments yet. Be the first!
By submitting a comment you grant the San Juan Update a perpetual license to reproduce your words and name/web site in attribution. Inappropriate, irrelevant and contentious comments may not be published at an admin's discretion. Your email is used for verification purposes only, it will never be shared.