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URL:  http://boards.fool.com/wwwpenscocom-wwwentrustcom-these-two-20753083.aspx

Subject:  Re: Using IRA for real estate investing Date:  5/11/2004  9:38 AM
Author:  buzman Number:  40951 of 76418

www.pensco.com
www.entrust.com

These two companies specialize in self-directed IRAs.

Caveat: The fees for establishing and maintaining the IRAs are very high. Also there are additional legal and accounting costs.

You lose LTCG benefits of real estate. All income is taxed as OI.

The depreciation benefits of real estate can be minimized if held by a IRA.

It is very easy to make a mistake and be forced into paying taxes and penalties on a "distribution.

Be very careful.

buzman
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