Realty411 Magazine Featuring Missy McCall-Hammonds | Page 18

Key Concepts and Tips for IRA Real Estate Investing by Clay Malcolm How do Real Estate IRAs help real estate Investors? Retirement savings that are in IRAs can be active in real estate investing. If you have expertise in real estate, you can put that knowledge to work for your retirement funds. Many in- vestors have their IRA or old 401(k) “on the sidelines” because they are not comfortable with the erratic per- formance of publicly traded securities like stocks and mutual funds. Com- panies like New Direction IRA, Inc. that specialize in self-directed IRAs that can be invested in real estate assets offer the investor an asset class that they know and understand. Knowing that IRAs can invest in all kinds of real estate-based “alterna- tive” assets can benefit the real estate investor in 2 primary ways: 1) Invest your retirement account into real es- tate assets. This takes full advantage of the tax advantages of the account type as well as your real estate exper- tise. 2) Use other investors’ IRAs to fund your personal real estate deals. You can raise money for your deals by informing investors that their IRA can put money into your project. Core Concepts An IRA is its own legal and financial entity and it is separate from your personal finances. It has its own titling which must be used on all legal documents. When an IRA buys an asset, it pays for the purchase and maintenance expenses and receives all the revenues. TIP: A self-directed IRA is guided by Realty411Guide.com the account holder, but that IRA is limited in how much financial contact it can have with the IRA holder’s personal finances. Contribution and Distribution rules for self-directed IRAs that hold real estate assets are the same as IRAs that hold stocks and bonds. Keep in mind that dis- tributions can be taken in-kind as well as in cash. This means that an IRA holder is not required to liquidate real estate assets and distribute cash to themselves; they can simply distribute the actual real estate. TIP: Consider your desired distribution plan can have an impact on which invest- ments you make. Traditional IRAs, Roth IRAs, HSAs, SEP IRAs, SIMPLE IRAs, and 401(k)s are all account types that can acquire real estate as an investment. TIP: The key to this ability to purchase real estate is having PAGE 18 • 2014 your account at a provider that handles real estate assets. An IRA can use an LLC or entity, but it is not required. An IRA can have direct ownership in a real estate asset and/or in an LLC. TIP: Utilizing an LLC in conjunc- tion with your IRA is a decision that the account holder makes. An IRA (or other account type) can: An IRA can purchase a piece of real estate and then receive all the income generated by that property via rent and/or profit from selling it. And whether it is rental income or proceeds from a sale, the returns stay tax advantaged according to the account type. The IRA holder decides what to do with the incoming cash: buy another asset, Continued on pg. 109 reWEALTHmag.com