Sacramento, CA (PRWEB) December 6, 2007
Duggs Realty, L.L.C. (http://www.duggsrealty.com/ira), a leading real estate investment firm announced today it is expanding its service offerings for real estate investors.
The company, which specializes in turnkey real estate investments, has added the option of using qualified tax-deferred funds to purchase real estate. "This is a natural extension of our real estate professional services," confirms Georgina Duggs, Co-founder and CEO. "We strive to provide our clients with maximum value and the highest quality of service. This new service offering is ideal for investors looking to expand their real estate portfolio in a tight financial market, while benefiting from tax-free or tax-deferred growth."
Real estate investing using funds in a self-directed IRA is not very well known. Section 408 of the Internal Revenue Code permits individuals to purchase land, commercial property, condominiums, residential property, trust deeds, or real estate contracts with funds held in a self-directed IRA. Unfortunately, the IRS does not allow the IRA account holder to serve as the custodian of his or her own account.
This is where Duggs Realty's new professional service comes into play. Duggs Realty will help coordinate and execute the real estate purchase using self-directed IRA funds that are held by Sunwest Trust, Inc., a qualified IRA custodian. "We chose Sunwest Trust, Inc. for our investors because it is nationally recognized as a leading self-directed IRA custodial firm. It is also one of only a few companies in the United States that will act as custodian for a completely self-directed IRA and the only one - I am aware of - that will also perform escrow services for owner financing," said Duggs.
For more information about Duggs Realty's services, visit http://www.duggsrealty.com
For more information about Sunwest Trust, visit http://www.sunwesttrust.com/sdira.aspx
About Duggs Realty, L.L.C.SM
Duggs Realty, L.L.C., SM is a leading provider of real estate investment solutions that simplify the complexity of real estate investing. Investors around the world choose Duggs Realty to help them reduce cost, minimize risk, and adapt to changing market conditions. For turnkey investment solutions that deliver maximum value with minimum effort, visit us on the Web at http://www.duggsrealty.com.