Are you struggling to get the return you want with your IRA, 401k, or other retirement investment vehicle?Want to learn how you can increase the return you're getting, even in the worst economic times?This article will explain how you could double, or even triple the return you're currently getting, all by purchasing real estate in your IRA.
First of all, what kind of IRA can you purchase real estate with?You can only purchase real estate with an IRA that is self directed.
A self directed IRA is a type of retirement account that gives the account holder full control over what the funds are invested in.
Typically, only Roth IRA accounts can be self directed.
But if you have another type of retirement account, such as a 401k or a traditional IRA, you can easily rollover these accounts into a Roth IRA, most of the time with no penalties incurred.
Having a self directed Roth IRA invested in real estate is easier than you may think.
Most of the time, people are get scared at the thought of "self directing" their IRA.
They think it would be impossible for them to know how to act and use the account where it falls within legal boundaries and regulations.
This would explain why less than 4% of IRA holders choose to self direct their IRA.
But what these people don't understand is that you never go at purchasing real estate in your IRA alone.
The law requires that a "custodian" or "trustee" is required to hold the funds, make sure everything is in compliance with laws and regulations, keep all necessary paperwork and records, and perform other tasks that make the process easier for you.
This makes owning a self directed Roth IRA invested in real estate easier than it seems.
Does this sound too good to be true?Wondering where you would go to get all of your questions you have answered? There are actually turn key systems available that make the whole process of purchasing real estate in your IRA easier than ever.
There is a program (one you don't have to pay to be part of) where your designated custodian will do just about all the legwork necessary to own a self directed Roth IRA invested in real estate.
All you would have to do is make the contributions and tell the custodian what you would like to do.
The custodian practically does everything else including the property search, repairs and renovations, investor search, and all the necessary paperwork and record keeping.
By simply allowing them to use your funds to invest in real estate, they make money off the transaction, and you get to benefit from a generous return rate.
It's a win-win situation! This program I am referring to is called Socially Conscious Investing.
There are many of areas in the U.
S.
that have suffered from high foreclosures where families were forced to default on their mortgages.
As part of Socially Conscious Investing, these areas are brought back to life and offered to families looking for homes they can purchase with very little or no money down.
It truly is an opportunity, especially with the state our economy is in, to both save your slumping retirement account and help out families that need a place to call home.