There has been an increasing number of self-directed IRA purchasing rental properties as a means of taking advantage of a strong rental market as well as generating a strong income stream
New York, NY (PRWEB) October 05, 2014
IRA Financial Group, the leading provider of “checkbook control” self-directed IRA LLC solutions, has seen a large percentage of self-directed IRA and solo 401(k) plan clients that had purchased rental real estate properties between 2010-2013 experienced strong returns from their real estate rental investments. Renal rates have increased over 1% for the last quarter contributing to the strong rental income market. Because of the strong demand for rental properties and the ability to generate tax-deferred income using a self-directed IRA, many retirement investors are looking to use of clients interested in using the retirement funds to purchase rental properties and generate tax-deferred rental income. “I have heard many of our self-directed IRA and solo 401(k) clients who have been able to generate 10-15% tax-deferred returns from the self-directed rental investment,“ stated Jacky Ospina, a retirement tax specialist with the IRA Financial Group.
With apartment rents rising nationally for 23 straight quarters and are approximately 15% higher than they were at the end of the recession in 2009, using a self-directed IRA to purchase rental real estate has been a boom for our self-directed IRA clients. “There has been an increasing number of self-directed IRA purchasing rental properties as a means of taking advantage of a strong rental market as well as generating a strong income stream, “ stated Adam Bergman, a tax partner of the IRA Financial Group.
IRA Financial Group’s Self-Directed IRA for real estate investors, also called a real estate IRA with checkbook control, is an IRS approved structure that allows one to use their retirement funds to make real estate and other investments tax-free and without custodian consent. The Self-Directed IRA LLC involves the establishment of a limited liability company (“LLC”) that is owned by the IRA (care of the Roth IRA custodian) and managed by the IRA holder or any third-party. As manager of the IRA LLC, the IRA owner will have control over the IRA assets to make the investments he or she wants and understands
The IRS has always permitted one to use retirement assets to purchase real estate rental properties. “With IRA Financial Group’s self-directed IRA LLC solution, investors can make real estate purchases and generate tax-deferred rental income or tax-free rental income in the case of a self-directed Roth IRA. “One major advantage of buying rental properties with a Self-Directed real estate IRA is that all rental income generated by the property is tax-distribution until a distribution is taken, “ stated Mr. Bergman.
Instead of buying real estate with personal funds and being subject to tax on the income or upon the disposition of the asset, a Self Directed IRA real estate LLC with Checkbook Control will allow one to buy real estate, including rental properties without paying tax immediately.
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, Dewey & LeBoeuf LLP, and Thelen LLP.
IRA Financial Group is the market's leading “checkbook control Self Directed IRA Facilitator. IRA Financial Group has 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 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.