Increased popularity of using IRA and 401(k) funds to buy real estate in cash without a mortgage offering new client base for real estate agents.
IRA Financial Group, the leading provider of “checkbook control” self-directed IRA LLC solutions announces the findings of its internal report which shows that an influx of cash from new retirement investors using a self-directed IRA to purchase real estate in cash with no mortgage has significantly helped real estate agents expand their client base and enhance their business. In 2013, IRA Financial Group helped thousands of retirement investors use a Self-Directed IRA LLC structure to make real estate investments in the United States using all cash without the need for a mortgage. “We have heard from hundreds of real estate agents across the country who have been able to sell properties to self-directed IRA buyers because of the lack of financing needed for the purchase, “ stated Elena Trumbell, a retirement tax specialist with the IRA Financial Group. “Because self-directed IRA clients typically purchase real estate in cash with no financing, they have generally had good success closing on real estate transactions which has proved to be a nice benefit to real estate agents,” stated Ms. Ospina.
The primary advantage of using a self-directed IRA LLC, also known as a real estate IRA, to make real estate investments is that investments can be made by simply writing a check. In addition, all income and gains associated with the IRA real estate investment grow tax-deferred. “With a self-directed IRA LLC with “checkbook control” retirement investors are able to act quickly when the right real estate investment presents itself, greatly accelerating the likelihood of winning a bidding war, something that many of our real estate agents appreciate, “ stated Ms. Ospina.
With IRA Financial Group’s self directed IRA LLC solution for real estate, traditional IRA or Roth IRA funds can be used to buy real estate throughout the United States in a tax-deferred account by simply writing a check. “Even with real estate prices increasing, our clients are still finding attractive real estate opportunities for the self-directed IRA real estate LLC and gaining the opportunity to move quickly on a potential investment, “ stated Adam Bergman, a tax partner with the IRA Financial Group.
IRA Financial Group’s Self-Directed IRA for real estate investors 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 LLC involves the establishment of a limited liability company (“LLC”) that is owned by the IRA (care of the Roth IRA custodian) and managed by the IRA holder or any third-party. As manager of the IRA LLC, the IRA owner will have control over the IRA assets to make traditional as well as non-traditional investments, such as real estate.
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 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.