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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: patron_anejo_por_favor who wrote (261558)7/16/2010 5:29:10 PM
From: LazarusRead Replies (1) of 306849
 
As neolib states - the answer is YES...'

and THERE'S MORE:

I have purchased and resold a house in my IRA

I own First Trust Deeds in my IRA and the payments from the borrowers go DIRECTLY into my IRA - tax deferred (not a Roth IRA)

I bought 5 pieces of land in the Desert north of Mohave and paid around 10k for all of them --- purchased in my IRA. I later sold 1 of them for $15k and I am still holding the others.

I purchased another desert property for $3k in my IRA and sold it for $20k and all the profit goes tax-deferred back into my IRA.

I even own an internet domain name being held in my IRA (hopefully to be resold at a higher price)

I purchased a little over 4 acres which has power, well, septic, and building pad -- in my IRA. This year - given the crappy state of the economy I decided to withdraw it from my IRA so I can use it if need be as a little farm. I have to pay a hefty chunk of tax on it (inc the 10% early withdrawal penalty) but I'm thinking its worth it.
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