The Flex Real Estate IRA offers a retirement investor with the opportunity to buy real estate or make other investments tax-free and without custodian consent,” stated Scott Krokoff
Miami, FL (PRWEB) October 31, 2011
IRA Financial Group, the leading facilitator of self-directed IRAs with checkbook control, announces the launching of the Flex Real Estate IRA. The Flex Real Estate IRA solution was designed to serve as the self-directed retirement choice for real estate investors. “The Flex Real Estate IRA offers a retirement investor with the opportunity to buy real estate or make other investments tax-free and without custodian consent,” stated Scott Krokoff, a tax attorney at the IRA Financial Group.
A real estate IRA is a type of self directed IRA with checkbook control that will allow one to use their retirement funds to make real estate and other investments tax-free and without custodian consent. IRA Financial Group’s Flex Real Estate IRA solution is an IRS approved structure that offers real estate investors control and investment options with respect to their retirement funds. The Flex Real Estate IRA structure involves the establishment of a limited liability company (“LLC”) that is owned by the IRA (care of the IRA custodian) and managed by the IRA holder or any third-party. As manager of the IRA LLC, the IRA holder will have control over his or her IRA assets so that they can make the investments they want and understand.
With the Flex Real Estate IRA structure, the IRA holder will have the power to act quickly on a potential real estate investment opportunity. When the IRA holder find a real estate investment that he or she wants to make with retirement funds, as manager of the Flex Real Estate IRA, the IRA holder would simply have to write a check or wire the funds straight from Real Estate IRA LLC bank account in order to make the investment. The Flex Real Estate IRA allows one to eliminate the delays associated with an IRA custodian, enabling the real estate investor with the ability to act quickly when the right investment opportunity presents itself. In addition, with the Flex Real Estate IRA structure, the IRA holder has the ability to make real estate as well as other non-traditional investments, such as precious metals, tax liens, private lending, and private business investments. Furthermore, by using the Flex Real Estate IRA solution, Self all income and gains from the IRA investments will generally flow back to the IRA LLC tax-free. “The advantage of using an LLC as part of the Flex Real Estate solution is that an LLC is treated as a pass-through entity for federal income tax purposes, and since the IRA, is a tax-exempt party pursuant to Internal Revenue Code Section 408, is the owner/member of the LLC, all income and gains of the IRA LLC will generally flow-through to the IRA tax-free,” stated Mr. Krokoff.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP and Dewey & LeBoeuf LLP.
IRA Financial Group is the market’s leading “Checkbook Control” Self Directed IRA and Solo 401k Plan Facilitator. We have helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate tax-free and without custodian consent!
To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646.
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