I want to take advantage of some hot market prices and invest in real estate using my retirement funds. Has anyone else out there gone through this process before? I’ve been looking at Guidant Financial & Benetrends.
…account? I’m talking about the kind of self-directed IRA that lets you buy real estate, make loans, etc., not one at a stockbroker, discount or otherwise, or at a mutual fund company. Pensco and Sunwest Trust are the only two custodians I know of that will handle this type of account. Anyone had experience with either of these, or one of their competitors? Any info and suggestions would be welcome.
Thanks,
Houyhnhnm
I would like to purchase real esate with my IRA
I invested in real estate in 2005, but need to sell in 2009 or 2010. I believe the net loss will be aproximately 20k. I am worried that reporting that large of a loss will trigger an IRS audit, and I am wondering if anyone else has had a similar experience. I could hold on to the property for a few more years but it is steady losing money, and I sort of want to be done with it.
Yes I agree this is a rare occurrence. It is a self-directed IRA, not a traditional IRA.
Im in 12th grade about to graduate and plan on investing, How would you invest in real estate threw ETF’S? or something else? are their any negatives investing in real estate?
