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Can IRA assets be invested directly in a real estate holding? Rather than buying shares of a REIT mutual fund, can I use my IRA assets to buy a small apartment building?
hastings
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Can IRA assets be invested directly in a real estate holding? Rather than buying shares of a REIT mutual fund, can I use my IRA assets to buy a small apartment building?
hastings


Yes you can, if you can find an qualified third party to hold the IRA, but it's highly NOT recommended. All upkeep costs, taxes, etc. have to come through the IRA. Your labor may even be considered by the IRS to be contributions. Don't do it.
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hastings4455 writes:
Can IRA assets be invested directly in a real estate holding? Rather than buying shares of a REIT mutual fund, can I use my IRA assets to buy a small apartment building?


This can be done, but it is complex and there are many rules. Do not entertain without sound legal advice. For more information:
http://www.creonline.com/art-107.htm

Regards,
FoolMeOnce
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