Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 12 years ago,
Use my IRa account to make deal
I am newbie to Real Estate. I would like to get some guidance please. I have some amount sitting in IRA that I would like to use to invest in Real Estate (rental/buy). I am interested in a deal where I would like to buy the property and rent it, not just flip it right away maybe later when the housing market picks up.
Can I use my IRA account to purchase the property for rental. What would be the best possible option to avoid heavy taxes or penalties. I already do own a house. Any tips would be nice.
Thanks