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Anybody know anything about these?

I read recently in a book that you could convert an IRA into a self-directed IRA and then use it to buy an actual piece of real estate, which you could rent out at a positive cash flow, earning money and buying a piece of real estate for your retirement. And yes, if this is a Roth IRA, all capital gains are tax free. This would be a great alternative to typical 1031 exchanges or other real estate tax shelters or deferrals.

(btw - all cash flow over 1K in 1 year must be reported for income as Unrelated Business Income, or "UBI", UNLESS any amount more than $1000 is paid toward principle in a lump sum; after the property is paid off, the income is no longer UBI, and doesn't have to be reported for income, just becomes a cash flow into your IRA.)

Sounds pretty good to me, but does anyone have any comment on this?

GoodWillFooling
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