UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Author: gilesland Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Self Directed IRA/Real Estate Date: 1/17/2005 1:24 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I am interested in purchasing some land with IRA funds. According to the informatiion I have found, setting up the IRA account and transferring funds is fairly simple.
I would like to know if anyone has experience with companies who provie this service, comparisons of fees, satisfaction with service, etc.
I also have questions about how the IRA could be dispersed. For example, I am interested in a tract of about 45 acres. If the IRA bought it in one parcel, could it then be split into five to nine parcels? I think that could be done, but then could the land be dispersed over the years in parcels?
Obviously, I am wondering if I may avoid paying taxes on all the land in one year. I would like to keep the land rather than sell it and get the money.
Does anyone know how the IRS views this?
Print the post Back To Top
Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 44075 of 76237
Subject: Re: Self Directed IRA/Real Estate Date: 1/17/2005 2:02 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
Welcome Gilesland. Glad you could join us.

The subject of real estate in an IRA comes up from time to time. People with experience are hard to find. But if you track back on the links below, ask the posters for an update on their experiences, I think you will get the best available information. There are a few custodians out there who specialize in real estate. You will need one of those to comply with IRS requirements. If you track the links back far enough they take you to postings over the last few years on the Tax Board and on the Real Estate board.

Good luck.

Here is my list of real estate/IRA previous postings--

Message 35197 on Retirement Investing Board
http://boards.fool.com/Message.asp?mid=18126356
Message 5291 on Real Estate Board
http://boards.fool.com/Message.asp?mid=21432308

Message 38991 RI,
http://boards.fool.com/Message.asp?mid=20284986
38129 RI,
http://boards.fool.com/Message.asp?mid=19968930
61025 Tax Strategies,
http://boards.fool.com/Message.asp?mid=17596619
5325 RE
http://boards.fool.com/Message.asp?mid=21475852


Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post Back To Top
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Advertisement