Yes, you can combine a loan with your IRA funds to secure a real estate property for a flip. Two things to keep in mind – the loan must be non-recourse, and you will owe tax on the income generated by the debt-financed portion of the property.
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Read more about combining a loan and IRA funds: https://www.irafinancialgroup.com/learn-more/real-estate/can-i-combine-a-rehab-loan-with-my-self-directed-ira-funds-to-secure-a-flip/
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About IRA Financial:
IRA Financial was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.
IRA Financial is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial, its management, salespersons or IRA Financial’s in-house legal counsel. IRA Financial Group provides IRA retirement facilitation service and CANNOT provide Client with legal, investment, or financial advice. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.
IRA Financial is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a Committee of the American Bar Association & a Committee of Publishers and Associations.). The scope of Professional Services does not include the costs of any custodian related services.
Learn More: https://www.irafinancialgroup.com/about-us/
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Building Wealth Through Goals, Budgets and Financial Will Power
As the economy dwindles everyday, more and more people are shifting their bases to the internet, seeking for ways they can go about building wealth with the little white screen. As for others, they do not fit in the normal word of working, and feel that they would gain more freedom from working on the internet. However, if you do not make use of some very salient tips, you might still find yourself going downhill.
Don’t Be Gullible When Selling GoldThese days, people are in a dire need for cash. In a crisis stricken economy, it is not easy to make both ends meet. That is why, people turn to one of the last resorts known to everyone and it is selling gold. But, as the numbers of gold sellers grow, so are the gold buyers.
Good Reasons to Sell JewelryPeople always find it hard to let go. We tend to hold on to things that are not useful anymore. We give value to the not so valuable things these days.
There Are Three Ways to Make MoneyThere are three ways to make money in this world that is honest and legal. I’ll explain a little bit about those three ways in this article. It’s up to you to make the right choice
Facts About Cash For Gold PayoutsWhenever someone wants to do something that involves any type of money transaction most people get the facts first. These same should be done when it comes to dealing with an online pawnbroker.
