IRA Financial Group’s self-directed IRA LLC solution, will allow you to buy foreclosure properties at auction tax-free and by simply writing a check
Miami, FL (PRWEB) March 23, 2012
IRA Financial Group, the leading provider of self-directed IRA LLC solutions, introduces a self-directed retirement solution for buying foreclosure homes tax-free.
IRA Financial group’s self directed IRA LLC offers one the ability to use his or her retirement funds to make almost any type of investment on their own without requiring the consent of any custodian or person, including using retirement funds to buy foreclosure properties. The IRS only describes the type of investments that are prohibited, which are very few.
The IRS has always permitted an IRA to purchase real estate, raw land, or foreclosure real estate properties. “IRA Financial Group’s self-directed IRA LLC solution, will allow you to buy foreclosure properties at auction tax-free and by simply writing a check," stated Adam Bergman, a tax attorney with the IRA Financial Group. “As the manager of your Self-Directed IRA LLC, the IRA holder will have control over his or her IRA funds so that you can purchase foreclosure properties quickly without needing thee consent of any custodian,” stated Mr. Bergman. One major advantage of buying foreclosure properties with a Self-Directed IRA is that all gains are tax-deferred until a distribution is taken (Traditional IRA distributions are not required until the IRA owner turns 70 1/2). In the case of a Self-Directed Roth IRA LLC, all gains are tax-free.
Unlike a conventional Self Directed IRA which requires custodian consent and requires high custodian fees, a Self Directed IRA LLC with Checkbook Control will allow one to buy foreclosure real estate properties by simply writing a check. With a traditional custodian controlled self directed IRA, one will have total control to make a real estate purchase, pay for improvements, and then sell the property without ever talking to the IRA custodian. In fact, one would not be able to purchase foreclosure properties at auction since the IRA custodian would need to cut the check. In the case of a self-directed IRA, since all the IRA funds will be held at a local bank in the name of the Self Directed IRA LLC, all one would need to do to buy foreclosure properties at auction is write a check straight from the IRA LLC account. With IRA Financial Group’s self-directed IRA LLC solution, no longer would one need to ask the IRA custodian for permission or have the IRA custodian sign the real estate transaction documents. Instead, with a self directed IRA real estate, as manager of the IRA LLC, the IRA holder will be able to buy real estate foreclosure properties at auction by simply writing a check.
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 foreclosure 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.