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Author: buzman Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 72265  
Subject: Re: Using IRA for real estate investing Date: 5/12/2004 5:41 PM
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Doesn't Pensoo ( the others also) have some other fees. I thought they had some fees for arranging the property closing and document preparation.


There are some extra legal and accounting details that have to be worked out. Do exactly what Pensco advises you to do and you will be in good shape. This is the time to follow the rules

A financial planner who I know and respect highly thought using his IRA to fund a land purchase "worked out great". They sold the property to Wal-Mart<grin>.

buzman
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