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Updated over 8 years ago, 06/19/2016
Investing In Roth IRA
Hello BP community,
My mother wants to purchase restate in a local town that is starting to grow but her only cash is in her Roth IRA. We are wondering if it is possible to use that capital to invest in real estate, also can we use it as a down payment for a mortgage and have the mortgage some how be under the IRA? We are mostly worried about being penalized and taxed because the cash is before tax income. Would it be enough for me to create an LLC to invest it etc...?
Please help we need a solid strategy
Thank you all! (: