Most people are completely unaware that you can buy land as part of your portfolio in an IRA. After the recent collapse of the stock market people are becoming a little less sure of the advice that they get from their financial advisors and are wondering if there are better, safer, cheaper altertnatives. Land may be among them. Below is an article published in a recent edition of Landthink blog, that provides more details. If you'd like us to help you with a land purchase just let us know and we'll be glad to assist.
You can invest in Land, improved or unimproved with a “Self Directed Retirement Plans” since the IRS has allowed them. No one wants to talk about it. “They”, the investment firms do not make money on a Land transaction because “they” are not licensed real estate agents. Only licensed real estate companies can take commissions and are not allowed to pay referrals except to other active real estate firms.
The traditional investment community has had control of over 97% percent of the retirement accounts and they have been making a great living off your hard earned money.
Your stock broker or financial advisor will not advise you how to take money away from their pockets and invest in real estate through your IRA, or 401K plan either. The financial magazines run large ads for brokerage firms and mutual funds T.V. and radio investment shows are supported by the same Wall Street advertising dollars…your money.
Stated on the IRS website “…..because of “administrative burdens”, many IRA trustees do not allow IRA owners to invest IRA funds in Real Estate. IRA law does not prohibit investing in Real Estate but trustees are not required to offer Real Estate as an option.” No commission for real estate sales may have a say here described as “administrative burdens”.
Be careful who you choose as your custodian. Most of these “professionals” are part of the same old 97% controlling crowd previously mentioned. Our recommendation is that you find one that charges an administration fee and believes in Land Investments.
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By knowing your local real estate investing market, you're able to keep your finger on the pulse of your local community and to stay abreast of changes in trends, sales prices and rental rates. Knowing immediately about these changes is critical to your investing future.
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