In light of a rebounding real estate market, more and more self directed IRA investors are seeing strong opportunities in the domestic real estate market
Miami, FL (PRWEB) April 10, 2012
IRA Financial Group, the leading facilitator of self-directed IRA LLC solutions, sees a significant increase in the number of retirement investors seeking to use IRA or 401(k) funds to fund a self-directed IRA to purchase real estate. “In light of a rebounding real estate market, more and more self-directed IRA investors are seeing strong opportunities in the domestic real estate market”, says Adam Bergman a tax attorney with the IRA Financial Group. “A self-directed IRA with checkbook control provides an attractive tool for investors looking to take advantage of a increasing stronger real estate market,” says Adam Bergman.
A Self Directed IRA, also called a Self-Directed IRA LLC 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 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, one will have control over the IRA assets to make the investments he she or wants and understands – not just investments forced upon by Wall Street.
With a self-directed real estate IRA with checkbook control established through IRA Financial Group, an investor is able to use retirement funds to make domestic or foreign real estate, precious metals, tax liens, foreign currency, and many other investments tax-free and without custodian consent! Using a self-directed IRA LLC, clients of the IRA Financial Group have the ability to take advantage of the rebounding real estate market by using retirement funds to make tax-free real estate investments.
Scott Krokoff, a tax attorney with IRA Financial Group, elaborates on the benefits of using a self-directed IRA LLC with checkbook control to make real estate investments, ”With a Self-Directed IRA structure, one will have the power to act quickly on an attractive investment opportunity. When one finds a real estate investment that he or she wants to make with IRA funds, as manager of the checkbook IRA LLC, simply write a check or wire the funds straight from the Self-Directed IRA LLC bank account to make the investment.” The Self-Directed IRA allows one to eliminate the delays associated with an IRA custodian, enabling one to act quickly when the right investment opportunity presents itself. In addition, with the Self-Directed IRA structure, all income and gains from IRA investments will generally flow back to the IRA LLC tax-free.
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 Real Estate 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.