High demand for rental properties triggering increased attention for real estate self-directed IRA investors.
IRA Financial Group, the leading provider of “checkbook control” self-directed IRA LLC solutions, has seen a strong demand from retirement investors looking to use their retirement funds to buy rental income properties. Because of the strong demand for rental properties in light of the hot rental market, many retirement investors are looking to use their retirement funds to purchase rental properties and generate tax-free rental income. “I have talked to many clients who are able to generate $1400-$1600 monthly rental returns on a property that they paid just over $100,000″, stated Jacky Ospina, a retirement tax specialist with the IRA Financial Group. “Many of our self-directed real estate IRA clients have been able to generate over 10% returns on their rental properties”, stated Ms. Ospina.
According to a number of clients the reason for the strong demand for rental properties is due to the lack of traditional mortgages available to home buyers resulting in strong rental opportunities for investors. “There has been an increasing number of self-directed IRA purchasing rental properties as a means of taking advantage of a strong rental market as well as generating a strong income stream”, stated Adam Bergman, a tax partner of the IRA Financial Group.
IRA Financial Group’s Self-Directed IRA for real estate investors, also called a real estate IRA 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 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 the investments he or she wants and understands
The IRS has always permitted one to use retirement assets to purchase real estate rental properties. “With IRA Financial Group’s self-directed IRA LLC solution, investors can make real estate purchases and generate tax-deferred rental income or tax-free rental income in the case of a self-directed Roth IRA. “One major advantage of buying rental properties with a Self-Directed IRA is that all rental income generated by the property is tax-distribution until a distribution is taken, “ stated Mr. Bergman.
Instead of buying real estate with personal funds and being subject to tax on the income or upon the disposition of the asset, a Self Directed real estate IRA LLC with Checkbook Control will allow one to buy real estate, including rental properties without paying tax immediately.
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.