With the Entrust Real Estate IRA, your IRA can invest in real estate and related assets.
Why Real Estate? Why Now?
As prices drop, and with foreclosures at an all-time high, now is a good time to invest in real estate with your IRA and build wealth for the future. You can purchase income-generating rental property, commercial buildings, or rehabs. Diversify out of the stock market and put your IRA money to work.
Purchasing property with your IRA is similar to a regular real estate transaction, but there are a few things to keep in mind.
- The property becomes an asset of your IRA - you do not own it nor can you use it.
- Watch out for prohibited transactions - You cannot purchase property owned by you, your spouse, or your descendants and ascendants.
- You or your family members cannot live in or lease the property while it's in your IRA.
- Your business cannot lease or be located on any part of the property.
- All income and expenses generated by the property go in and out of the IRA.
- If you are leveraging the property, you cannot personally guarantee the loan.
To learn how to invest in real estate with your IRA, as well as the possibility of receiving property as a distribution from your retirement plan, attend an Entrust workshop or call your local Entrust representative.
Find an office near you and talk to your local representative. Entrust provides the tools and assistance you need to get started.