IRAs buying real estate

[Alan P]

anyone know about using IRAs to Purchase Real Estate?

[dewilson58]

can do, not your personal residence

[manaboutown]

It is a little complex so use a good lawyer to set it up and and a trustworthy custodian. There are pros and cons to it. Good luck.

Real Estate IRA Rules to Follow | Equity Trust (https://www.trustetc.com/real-estate-ira/rules)

Using Your IRA to Buy Investment Property | Investopedia (https://www.investopedia.com/articles/personal-finance/111615/using-your-ira-buy-investment-property.asp?lgl=rira-related-content-bc)

Might want to move this to the Investment Talk forum.

[retiredguy123]

This is really not a good idea, especially if you need to hire a lawyer. One of the main disadvantages is that, when you cash out, you need to pay taxes as ordinary income, without the advantage of capital gains tax rates, which is one of the major advantages of investing in real estate.