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Author: hastings4455 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76084  
Subject: Investing in real estate Date: 9/22/2001 9:09 PM
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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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Author: Charlie48K Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 31960 of 76084
Subject: Re: Investing in real estate Date: 9/22/2001 10:22 PM
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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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Author: FoolMeOnce Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 31961 of 76084
Subject: Re: Investing in real estate Date: 9/23/2001 9:41 AM
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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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