Tuesday, June 06, 2006

 

Real Estate For Your IRA

"For decades, banks and brokerage houses have effectively convinced us that IRA holdings can be invested only in stocks or bonds."

"Unfortunately, with the sharp decline in the stock market and the bottoming out of interest rates, most of us could only stand by and watch as our retirement savings lost their accumulated value."

"Few knew that there was a viable investment alternative that offered both safety and incredible growth. That alternative, which banks and stockbrokers don't want you to know about, is real estate."

"That's right. Contrary to what you may have believed, it is perfectly legal to hold real estate investments in an IRA account--and to enjoy unprecedented returns." - from the publisher of IRA Wealth: Revolutionary IRA Strategies for Real Estate Investment by Patrick Rice and Jennifer Dirks.

"Most people are completely unaware they can purchase Real Estate with an IRA, 401K and other retirement funds...and that includes most Realtors," says Robert Hubbard, Founder of IRA123.com.

This is described in more detail in an article written by Philana Patterson, printed in The Real Deal, a New York publication, "Real estate buyers can tap retirement accounts."


You can also read about IRA Basics on Pensco Trust Company's website.

Leverage Your Purchase

"The ability to purchase real estate with IRA has been in existence for many years. However, most people believed that they had to buy their property entirely with cash. They did not know that they could obtain a loan to help them with their purchase. For those few who have heard they could get a loan, they have not known how to go about getting one." Mark Robbins, CTX Mortgage Company

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