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VA Buyers srill get a $8000 rebate!
Real estate in your IRA
Yes you can! Grow wealth using real estate For decades, banks and brokerage houses have effectively convinced us that IRA holdings can be invested only in stocks or bonds. Unfortunately, with the sharp decline in the stock market and the bottoming out of interest rates, most of us could only stand by and watch as our retirement savings lost their accumulated value. Few knew that there was a viable investment alternative that offered both safety and incredible growth. That alternative, which banks and stockbrokers don't want you to know about, is real estate. That's right. Contrary to what you may have believed, it is perfectly legal to hold real estate investments in an IRA account--and to enjoy unprecedented returns.
Now you can learn the secrets of successfully buying, selling, or accumulating real estate products within your IRA account. You too can use your IRA account to create wealth based upon real estate.
First you must learn how to turn your IRA into an account that can deal in real estate-oriented transactions
Although it may be a little late to avoid the volatility of the stock market, the lesson has been simple: Don't put all your eggs in one basket.
Introduction:Real estate for you IRA INTRODUCTION: REAL ESTATE INVESTMENTS FOR YOUR RETIRMENT ACCOUNT
There are many ways to invest in a self-directed retirement account! Woody Wood and Realnet Co¡¦s Inc., Realtors, can help you find sound investments in real estate and related products like trust deeds and opportunities in limited partnerships, and Limited Liability Companies investing in real estate for your SEP, IRA & 401(k).
Woody Wood and Realnet Co¡¦s Inc. are uniquely qualified to assist investors with self-directed retirement plans. The staff at Realnet Co¡¦s, Inc., established in 1992, specializes in real estate sales, management, and helping clients establish and then invest their self-directed IRA into real estate and related products. By providing the needed experience to switch to self-directed retirement plans, Realnet Co¡¦s Inc. can help investors chart a new -- and potentially more profitable -- course for their retirement years. Woody Wood and Realnet Co¡¦s Inc. finds sound investments for self-directed Individual Retirement Arrangements (IRAs), Keoghs, 401(k) and SEPs funds in:
REAL ESTATE
NOTES
TRUST DEEDS
OPPORTUNITIES IN LIMITED PARTNERSHIPS AND LIMITED LIABILITY COMPANIES
Realnet Co¡¦s is one of very few companies to offer expertise in investment real estate for self-directed retirement accounts. Woody Wood, who has been licensed and active in Colorado real estate for 25 years, is on top of changes in the fields of real estate, IRAs, and investing. As a property owner himself he knows what it takes, and as specialists in investing for clients in the Denver Metro area and resort markets, Woody Wood and Realnet Co¡¦s find real estate and real estate related investments that are primarily located in Colorado for their clients. However, if you are interested in another area, please call us with your area of interest and we can work together with another professional in that area.
Woody Wood and Realnet Companies also offer management for your investments.
FAQ's about self directed IRA'sFrequently Asked Questions about Self-Directed IRAs
Q. Who actually holds the money and/or assets of my Self-Directed IRA?
A. Cash, title to properties and all other assets of the IRA are held by a trustee or custodian. Unlike a qualified retirement plan, the law requires that the trustee or custodian be a bank, federally insured credit union, savings and loan association, or an entity approved by the IRS to act trustee of custodian.
Q. What is a Rollover?
A. If you receive an eligible rollover distribution from your employers qualified pension, profit-sharing or stock bonus plan, annuity plan, or tax-sheltered annuity plan, you may roll over all or part into an IRA. There are three categories of rollovers.
'h A direct rollover from a qualified plan to another qualified plan or an IRA (to avoid 20% witholding).
'h A rollover from a qualified plan to an employee, then redirected to another qualified plan, or IRA (must be accomplished within 60 days).
'h A rollover from one IRA to another IRA or another plan (limited to one per year).
Q. What is a Transfer?
A. With a qualified retirement plan, you are limited to transfers only with the same trustee, usually within one mutual fund and usually no more often than quarterly. One of the most valuable features of an IRA is the ability to transfer investments from trustee to trustee without tax penalty. Transfers from one IRA to another are not subject to rollover rules, such as time and withholding.
Q. How many IRAs can I have?
A. As many as you want. You may want to keep your different investments in separate IRAs so you can readily see what each is doing.
Q. How is a Self-Directed IRA with an independent administrator different from the one I have with a traditional administrator?
A. IRAs held by your bank are normally directed by the bank into its mutual funds or CDs and provide minimal risk and minimal return.
IRAs held by your stock brokerage company are typically directed into mutual funds and stock portfolios that are sold by that brokerage, and you are limited to those products offered by that particular brokerage.
IRAs with an independent administrator allow you to self-direct your money to any investment allowed by law. Not only are you allowed to invest in all of the products offered by the traditional administrator, you are now allowed to invest in leveraged or unleveraged real estate, trust deeds, unsecured notes, improved or unimproved real estate limited partnerships (public and private) and more.
Q. Can I buy a house with my IRA?
A. Yes. If it is not for your personal use.
Q. Can I sell my house to my IRA?
A. No. You can sell it to your neighbors IRA though.
Q. Can I purchase a home with my IRA for future use after retirement?
A. Yes. You may want to purchase a home with your IRA now and rent it out until you retire. Assuming that you will retire after age 59 1/2, you need only to take a distribution of that asset at retirement. There will be no penalties. You may have tax to pay depending on the type of IRA you have.
Q. Can my wife receive compensation for managing assets, such as real estate, for the IRA?
A. Yes. As long as they are reasonable fees.
Q. What is an Account Administrator?
A. IRAs can be established and funded through the services of banks, mutual fund companies, savings and loan associations, insurance companies, regulated investment companies and other financial institutions.
The account administrator is the entity designated as such in the trust or custodial agreement. The account administrator has full responsibility for the operation of the account. The same entity may serve as both the plan administrator and the custodian or trustee. Account administrators typically have the following responsibilities:
'h Trust or custodial agreement approval with the IRS.
'h Filing of appropriate IRS forms.
'h Review of documentation of investment vehicles.
'h Accounting or IRA account.
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