What's a summary of "self-directed" IRA for real estate?
453503
It is true...you can use a self directed IRA to defer your tax obligations until your retirement age. Any money that you place into the IRA and any profit that you make can be kept into the IRA account and your not required to pay taxes until you make with drawls at your retirement age. Of course you always want to consult a CPA professional on the specific requirements of this program. But I believe you have it correct in a generalized format. A lot of hard money lenders use that vehicle or a trust to minimize their tax obligations.
1136364
Consult with your lawyer or accountant. It depends on your personal situation and how much investment property you own or plan to purchase. There are tax consequences (your accountant can delineate the advantages and disadvantages of putting your investment property into an IRA or a trust or an LLC or keeping it owned by you individually). There are also consequences for your heirs (your lawyer can advise you on this). Laws vary from state to state on this.
669404
try\ninvestmentweekly,\nyahoo finance also has good info
158731
You can rollover a 401k into a traditional ira once you have left a firm (some firms allow you to do this before you leave, but there's probably no reason to).  That traditional ira can then be converted into a ROTH ira.  This means that you are going to pay taxes on all the money in the traditional IRA.  This generally deters people from converting large traditional IRAs into ROTHs, since the taxes can be prohibitive.\n\nSecond question: Yes, you can invest in real estate within an ira.  There are a select few firms that do this, you would have to search for them online.  Remember a few things when doing this: You will have to have all the money to purchase a property outright in the IRA, since per IRS regulations you are not allowed to have a loan in an IRA.  You CAN set up a partnership, with your IRA being one equal partner and yourself and equal partner.  Then you can have a loan for yourself, but still not in the ira.  Remember, we're talking about quite a bit of money.  Don't try this unless you have a minimum of $250,000 in your IRA.  Also remember that diversification is key.  You want to have three or four properties, as well as stocks, bonds, mutual funds, etfs, etc. in the account.
1186787
First of all, you're obviously no dummy if you already own 3 properties.  You've got some good equity and you're selling at the top of the market.\n\nWhat you need to figure out is how much money you're really going to have after you sell the properties.  If you'be been a landlord, I assume that you've been depreciating the properties while you've been renting them.  Well, now you're going to have to pay that all back to the government.  Also, you're going to have to pay capital gains tax on your properties (unless you've lived in one of them for at least 2 of the past 5 years), so there goes more of your equity.  All that affects how much money you'll have to invest, so figure that out.  It's important.\n\nNext, you'll have to figure out what your goals are.  If intend to buy another home to live in when you get to Florida, you're going to have to put some of your money into something fairly liquid for your down payment, like a  money market fund.\n\nI see you're participating in your employer's 401(k) fund.  That's good.  I hope you're contributing up to the maximum match.  Free money is good.\n\nNext, if you're not doing the IRA thing yet, do it.  Whether you choose the traditional or Roth IRA depends on whether you think you'll be in a higher or lower tax bracket when you retire.  Personally, with taxes at a very low point in history and a ballooning federal deficit, I'd bet on tax rates being higher when you retire so if I were you, I'd choose a Roth IRA.  Tax-free growth and withdrawal are good.\n\nIf you've maxed the IRA contribution out, go back to the 401(k).  Tax deductable contributions are good.\n\nFinally, if you still have money left over,  I'd put half into an index fund covering the total US stock market and half in an index fund covering the international market.  Go for no-load funds with low expenses.  I'd recommend looking at Vanguard, T Rowe Price and Fidelity fund families.\n\nIf you really want a good investment, go buy a book on investing so you can decide what makes sense for you. Sure, you could give your money to a financial advisor but how do you know he's not just in it for the fees and commissions he charges you? How do you know his advice is right for you? You need at least a foundation so you can make an informed decision. Frankly, nobody's ever going to care as much about your money as you are, so learn at least enough to know if any advice you're given is any good.  Personally, I like "The Only Investing Guide You'll Ever Need" by Andrew Tobias. It'll give you the basics. Good luck.
54030
What type of investment is going to held in the IRA? Stocks, mutual funds, cds?\n\nThis not a pyramid scam. From what I hear they are a reputable company. \nYou should get an IRA for yourself, it whether it is with them or another company. The most important thing is the investments being held in IRA. You want to look at past performance of the investment as well as the consistency of the investment. Look for one with consistently good returns not necessarily the highest return last year.
1065155
I would buy an investment property or two, then put the rest in some type of money market fund earning an average of 10% or more. The Rule of 72 states that any money invested @ 10% will double every 7 years.\n\nIf you used 100k of that 400k, on down payments on one or two investment properties to create you some month to month cash flow, and build long term equity. Then the other 300k in a fund, in seven years you'll have 600k, 14years 1.2mil, 21years 2.4mil; geez your retired good for you!!
670553
I did mine through RET online. They all seem to be the same as my wife used a diffrent company and the information was basically identical.\n\nDo a search for real estate trainers or RET online.\n\nGood Luck\n\nKevin\nKruorock@firstratelending.com
244939
Here are some links that may be of help:\n\nhttp://www.getyourebook.com/selfbuild\nhttp://www.getyourebook.com/bargainprops\nhttp://www.getyourebook.com/nomoneydown\nhttp://www.getyourebook.com/becominganagent\nhttp://www.getyourebook.com/forclosures
1058926
Are you asking about a SEP IRA?  If so, if she files 1099's she's self employed.
987650
I like realestate, I am handy, but I never want a tenent to call me on thanksgiving in the middle of carving my turkey because his toilet is clogged.\n\nThus I began allocating a piece of my portfolio to real estate investment trusts.\n\nThere are many, use yahoo finance to identify some.  I am NOT currently invested heavily in reits, but made a good buck on CWN (now pei) and UDR.  But there are tons, SIZ, AVB  and many others.  And they pay divs, and no calls about the heat going out.
617052
Since the interest that you pay on your "Owner Occupied" home is tax deductable (even 2nd mortgages and Home Equity Lines of credit) where investment properties (Non-Owner Occupied) interest is not, I personally think it would be better to use the equity in your current home to put money down on an investment property. Plus, putting money down on the investment propertey will most likely lower your interest rate.\nBUT, with all that being said, I don't know full details of your financial situation and strongly suggest going to your financial planner for further information. If you don't have a financial planner, I know that Ameriprise Financial Advisors is a fantastic, safe company to deal with (formerly American Express Financial Advisors until they broke away from them last October). \nAnyway, best of luck with all this.
497191
I had and IRA with them for the last 6 years.  I have since move it to Fidelity because it didn't do well, and my adviser wasn't keen on keeping me up to date.  On finsishrich.com, the site of David Bach, he has resources you can use to find a good adviser.
632828
If you have an on line stock broker account, they probably have access to S&P reports that will give you the historical data. \n\nNot all REITs are anywhere near the same nor do they pay the same dividends. And many times a portion of the dividend is a return of capital. \n\nThere are even multiple categories of REITs. Appartment REITs, Office building REITs, shopping mall REITs, even storage bin REITs, hotel REIT's, and probably others I am not familiar with.
708117
Great that you are planning such a wise investment path. I started exactly the same way many years ago. And I'm doing quite well now. My advise to you is go ahead and buy that duplex building. But rent both sides out instead of living in one side. Find urself a cheaper bachelor's apartment to live in. Likely you can get more rent from one of ur duplex than it cost you to rent a bachelor's. You will make more money each month because of the difference. \nYou may say that you only make $30,000 a yr.. but don't forget that when you go to the bank with a proposition to buy and rent the entire building out.. ur yearly income as viewed by the bank is now much more coz they will factor in ur potential income from the duplexes. This allows u a greater debt/expense ratio. and allows you to buy more. \nThere are other good reasons too for not being too quick to move into one side..  income tax for example, because u are not living in the building.. the entire interest on the mortgage becomes an investment expense. Also, it's likely that where you live.. there are better tax advantages to showing u are also a renter. \nIn time, as you buy more and more buildings.. you will be able to choose a house of ur own. But for now, make the most of "all" ur money, live below ur means.. and invest invest invest. \nImportant concepts to understand, balance and use to their most potential are; Ur networth, total assets, debt service ratio and income (both present and potential) debt service ratio is usually the most common limiting factor. ( and keep a watchful eye on interest rates) and know ur local realestate trends and be ur own best forcaster of future trends. As they say, "buy low, sell high"\nCoz in the end, most of ur money will be made on capital gain rather than rental income. ( rental income simlpy facilitates debt expense requirements from lenders )\nChoose a good banking agent.\nAs a realestate investor, ur bank becomes ur greatest partner. Choose an agent that has confidence in you, is knoledgable about realestate and is not afraid to stick his/ her neck out for you.\nBest of luck to you.
659687
if you and your spouse lived in the property for 2 of the past 5 years, you each could exempt $250k from capital gains. another option is using a 1031 exchange to purchase another real estate investment that would defer capital gains and pay you tax advantaged income. consult your local independant financial advisor and you can get a list of 1031 properties. your tax advisor can project the tax for you. you should set aside the $ in a one year cd. good luck
139728
As a unit of One, you will want to consider the Indivdual K plan design. Much cheaper to administer than a full 401k. Other alternatives are SEP IRA's and SIMPLE plans. Look for a financial planner that specializes in designing qualified plans for small businesses.