Own investment real estate in your IRA?

You bet! If your New Year’s resolution is to take control of your financial future and invest in residential real estate that can net you a monthly payment for the rest of your life THEN don’t let the lack of down payment get in your way!

real estate iraDid you know you can move your IRA into a self managed account through which you can purchase investment real estate and incur no taxes on the transfer and no taxes on your rental income until you decide you want to pay yourself some of that cash?

Now I am certainly not an expert on this topic but at my property management company AvenueWest Managed Corporate Housing we do have some of these properties in our management program so I have seen how it works and the property owners feel more empowered by their ownership of real estate than they did when they just owned stock.

In the new book Idiots Guide: Making money with Rental Properties  we also talk about owning real estate in an IRA.  If this is something you are interested in you will need to find a company that can help you through the process. Companies like Equity Trust can help and also have educational conferences to help with the learning curve.

I can see it now 2014 is your year to buy some great investment real estate!

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Kimberly Smith is an accomplished entrepreneur and published author with more than 20 years experience as an entrepreneur in the areas of real estate, property management, corporate housing, website development and franchising. In 1999 Kimberly and her husband/ business partner, Eric, launched AvenueWest Corporate Housing, Inc., a multi-million dollar success story. AvenueWest provides real estate property management of furnished residential properties offering full service corporate housing services to upscale executive travelers in need of a monthly lodging solution. A recognized leader in the industry, they were awarded CHPA’s 2010 Provider Company of the Year Award and listed for 3 consecutive years on Inc Magazine’s Inc 5000 list of the countries fastest growing businesses. Inspired to help people find corporate housing and real estate solutions on a national basis, Kimberly and Eric came up with a business idea to create a national resource dedicated to connecting furnished rental properties with executive renters. In 2006 CorporateHousingbyOwner.com (CHBO) was launched, the first-of-its-kind online portal connecting furnished rentals and the traveling public. In 2013 CHBO was recognized by CHPA as the Associate Company of the Year. In 2009 AvenueWest Global Franchise was launched allowing for the national expansion of the AvenueWest Managed Corporate Housing product. Current offices are located in Phoenix, Atlanta, Fort Collins, San Francisco, Boston, Dallas, Denver and Colorado Springs.

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