GET STARTED | Get Your Fair Cash Offer Today

  • This field is for validation purposes and should be left unchanged.

How to Use Your IRA to Buy Real Estate in Portland/Salem – Part 2

We wrote a recent article about putting local Portland/Salem investment property into your self directed IRA… if you haven’t checked that one out… head over here.

Looking to add to your real estate portfolio here in Portland/Salem? Using your IRA may be a great fit. Read this article to see how...
Looking to add to your real estate portfolio here in Portland/Salem? The use of your IRA may be a very promising benefit . Read this article to see how…
In this article we’ll walk through some more things to look out for and how to use your IRA to buy real estate in Portland/Salem OR.

So lets dive in!

“Putting  your funds in an IRA or a similar financial vehicle can be a wise choice.

Everybody knows that.

But with taxes on their way up, it might be an even better idea to create a self-directed IRA, which will allow you to widen your investment options to include local Portland/Salem investment real estate in order to defer your taxes and end up earning a better rate of return in the long run.

If you are considering this option, it might be a good idea to determine if it’s a good move for you, and if it is, here’s how to use your IRA to buy real estate in Portland/Salem.

“Essential Information About Self-Directed IRAs for Real Estate”

  • In order to use your IRA to buy Portland/Salem real estate, that property must be a business, not a personal home, a second home, or a rental (But there’s an easy way to hold rental properties in a self-directed IRA… below)
  • “The property you purchase cannot be one you already own.”
  • It must also be a purchase directly into the IRA

How to Use Your IRA to Buy Real Estate in Portland/Salem

“It’s possible to purchase rental property with an IRA; however, you must first establish a custodial account and transfer funds into it. The process is that we support you all along the way. Just call us at 503-577-3077, and we’ll walk you through each step.

There are several rules related to this type of transaction, so it’s crucial to fully understand and agree to them before making a purchase. You can also buy a property to ‘flip,’ but only if you are actively involved in the house-flipping business.”

Furthermore, there is a limit to the number of flipped properties you can purchase in one year in Portland/Salem with your self directed IRA.

The best approach is to fully understand the rules of the process to ensure you’re comfortable with them.

SD IRA Investing Limits

“The regulations governing these investments do not allow the use of a traditional mortgage with an IRA.”

“You’ll need to have enough funds in your IRA to make the purchase, since traditional financing is not permitted.”. Additionally, there are administrative costs, so it’s important to ensure your IRA has enough to cover those as well.”

Once again, if you don’t already have a reliable self-directed IRA custodian, contact us, and we can connect you with some that are very supportive of real estate investments. Just give us a call at 503-577-3077 or shoot us an email through our Contact form and say “I’m looking for SD IRA resources for buying Portland/Salem investment properties”… and we’ll get back to you right away.

“Fundamental Rules of Investing (Including Real Estate)”

“There are various investment rules that can help you differentiate between a good purchase and a bad one, with portfolio diversification being one of the most crucial.”

As tempting as a real estate purchase might be in Portland/Salem, it’s a good idea to follow this advice when using your IRA to make a purchase. Just as is the case with any big investment, it’s always a good idea to check with a qualified financial adviser before you make a purchase to get an independent view of the long term as well as the short term outlook.

In the end, using your IRA to invest in local Portland/Salem OR investment properties can be a great route.

It helps you grow your portfolio using real estate with the tax benefits of the IRA.

If you’re looking for investment properties here in Portland/Salem join our Nationwide Resources LLC Preferred Property Buyers List through the link below.

 FREE: Sign Up for Our Preferred Buyers List to Access Exclusive Discounts
Portland/Salem Investment Properties Here >>

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

Get An Offer Today, Sell In A Matter Of Days

  • This field is for validation purposes and should be left unchanged.