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Subject:  Re: Using IRA for real estate investing Date:  5/15/2004  8:14 AM
Author:  buzman Number:  41010 of 88063

The book is new. Thanks for the link.

Owning real estate in an IRA is permitted.

My concerns are as follows:

It is easy to engage in a prohibited transaction.

The level of fees are very high.

It is very complicated.

Therefore it goes against my investment philosophy of keeping it simple stupid.

In closing, the easier, simpliest, less complicated method to use an IRA to purchase real estate is to buy raw land. Anything else raises the complexity factor. My life is complex enough.

Best wishes to you. Keep us posted.

Buz Livingston
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