Understanding IRA Real Estate Investment Guidelines
IRA real estate investment guidelines are vital to understand if you want to include properties in your IRA. While the government doesn’t prohibit the purchase of property with individual retirement accounts, there are regulations that need to be followed and prohibited transactions that, if violated, can lead to the annihilation of your IRA.
While section 408 of the IRS code allows individuals to purchase specific types of properties with IRA funds, selling property to or buying property from an IRA is a prohibited transaction. When looking to add property investments, it is best to find a real estate IRA, or a company that allows individuals to use their IRA funds for these non-traditional transactions. If you are comfortable with making all decisions regarding your account and looking to cut costs, a self-directed real estate IRA gives you complete control over the investments of your retirement account.
IRA real estate investment …
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