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Entrepreneur Forum > Entrepreneur - Other Ways to Make Money > Real Estate and Mortgages

IRA Investment in Real Estate

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Topic: IRA Investment in Real Estate (Read 388 times)

abubakar

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Joined: May 2007
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Malaysia

Dec 10, 2007, 11:38:52 PM

I want to invest some money in real estate and I do not want to take loan from any bank. Recently I have heard that investment in real estate is going to pay me much more than what I invest now. I need to know if I can use an IRA to purchase resl estate as an investment. I heard something aout a way to do this without taking the money and having to pay the taxes and frees for arly withdrawl. Can anybody help me in my real estate investment.

Malaysia Property

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Code4Gold Superstar

Joined: Jun 2006
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Gender: Female

Canada

Dec 11, 2007, 05:45:33 PM

Are you thinking of investing outside Malaysia? I'm sure the houses in Malaysia are a lot cheaper than in a lot of countries. The taxation
for each country is different.

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abubakar

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Malaysia

Dec 12, 2007, 03:16:17 AM

I'm a US citizen but I live and work in Malaysia. I'm thinking on property in the US because I will be moving back to the US within two years after my contract is finished.

Malaysia Property

work2bfree

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United States

Dec 12, 2007, 02:39:02 PM

I'm not sure if I've ever heard of a way to invest in real estate using your IRA unless it's through a real estate fund. that's a possibility.

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DKP2004ATP

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DKP2004ATP is from United States

United States

Dec 13, 2007, 11:24:06 AM

Quote from: abubakar on Dec 10, 2007, 11:38:52 PM

Millennium Trust Company (http://www.mtrustcompany.com/services/ira/real.asp) located in Oak Brook, IL, custodies real estate in self directed IRAs.� They don't offer advice on the subject, but can educate you on the process.� Try contacting Sandra Reese at sreese@mtrustcompany.com for more info.

You also might be interested in a book by Diane Kennedy titled The Insider's Guide to Tax-Free Real Estate: Retire Rich Using Your IRA

~Dave~

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United States

Dec 13, 2007, 01:37:14 PM

Wow , fantastic tip DKP2004ATP, I had no idea that there was a way to do this through an IRA. t would figure a company specializing in that would be located in Oak Brook because there are so many corporations headquartered there that, if memory serves me, Oak Brook residents don't pay property taxes, the corporations do.

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OnlineBob

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Netherlands

Dec 22, 2007, 08:20:08 PM

The thing you need to realize is that you can't buy a piece of property you choose using ths scheme. You are buying into a fund that is investing in real estate. You have no power over the purchases, you just reap the benefits if there are any.

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