With the stock market continuing to weaken and real estate prices at their lowest in years, many investors are looking for ways to redirect their savings into real estate. Self directed IRAs are providing the answer that many savvy investors seek. Using a self directed IRA, investors can purchase real estate before the age of retirement without incurring distribution taxes or penalties. And they can realize their real-estate investment profits tax-deferred in their retirement account. Because the investments are made on behalf of the retirement account (just like a purchase of stocks or bonds) a taxable event is not triggered.
There are certain restrictions that must be observed in order to comply with regulations. Most notably, the real estate purchase must be made with an eye towards long term financial gain. This means that transactions that could represent a conflict of interest, such as purchasing a property for a friend or relative, must be avoided. The government labels these as "prohibited transactions" to "disqualified parties."
Las Vegas is currently leading the way as one of the hottest locales in the nation for IRA investment purchases. Historically low prices combined with high cash flow have made the Las Vegas valley an attractive choice for investors looking to purchase real estate.
If you are interested in redirecting some of your IRA savings into real estate purchases here in Las Vegas, please contact me. I continue to close great deals for my clients and can help you find investment properties that suits your needs.
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