Real Estate IRA

 What is a Real Estate IRA (self-directed IRA)?

 A Real Estate IRA, also known as a self-directed IRA, (SDIRA) is an individual retirement account that gives you complete control over your investment choices. Unlike other IRAs, you’re not limited to just stocks, bonds, or mutual funds, as you can invest in real property. Self–directed IRAs have been around since 1974. SDIRA’s have not received large attention because most custodians who offer IRAs (banks and brokerage firms) only allow traditional investments at their firms. At Team Hearon, we believe true diversification includes different asset classes including alternative investments like real estate

 Can My IRA, 401k, 403b, ROTH Directly Own Rental Properties, Raw Land, or Commercial Property?


 Yes. Once you transfer your 401K or 403B into a custodial SDIRA, (this is a non-taxable transaction) you can own and invest into different types of real estate to include residential, multi-family and single family, commercial, apartments, and raw land. The SDIRA or LLC, must hold title in the SDIRA name.


 Can I Reinvest Rental Income Back Into My SDIRA IRA Without Paying Taxes?


Yes, this is one of the benefits of investing into a Real Estate IRA. In addition to rental income, you would also receive any appreciation in property growth tax deferred.

 Can I Partner With A Spouse or Other Individuals On An Investment Through A Real Estate IRA (Self-Directed IRA)?


 Yes, you can partner with anyone into your Real Estate IRA. The investment amounts do not have to be equal portions to invest in. However, this must be established at the time of initial purchase and you can include a “disqualified” person as a partner. However, once the transaction is closed your SDIRA cannot buy, sell, or transfer to any disqualified person. The following parties are considered disqualified persons:
 Your spouse.
 Your lineal ascendants and descendants, and their spouses.
 Any person providing plan-related services (custodians, advisors, fiduciaries, administrators).
 Any entity (business, corporation, partnership) of which you own at least 50 percent, whether directly or indirectly.

 Do I Have To Use A Property Manager For Rental Property Within My Real Estate IRA?


 No you do not. However, we suggest you seek a local qualified property management company to assist you in locating and qualifying a tenant. In addition, they would take care of any and all repairs* and send rent deposits directly to your SDIRA custodian. This can save you a lot of time, money, and hassles.

*All repairs and costs associated with property must be made and payable directly from your Real Estate IRA You cannot personal fix or pay for repairs out of personal funds. This is prohibited under IRS code 4975.

 How Does Team Hearon Get Compensated?


 We do not charge any fees to you for any of the services provided. We are licensed real estate professionals and are paid a commission at the closing of the real estate transaction that your SDIRA has purchased. The good news is the commission is paid by the seller, not you!

 How Do I Get Started?


 Let Team Hearon guide you through this process. We can provide you with all of the resources and assist you in locating, negotiating, and close your Real Estate IRA! Call today at 941.416.4095.

Keller Williams On The Water- Sarasota

11215 E. State Road 70 # 105,

Lakewood Ranch, FL 34202

Phone. 9414167967

Email. Michelle.Hearon@CBrealty.com

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