Tuesday, January 25, 2011

How to Buy Real Estate with Your IRA

Yesterday, I posted a blog about options for financing the purchase of property in Mexico, promising to provide more details about your ability to use your IRA savings to fund your purchase.

For the best info on the topic, below are links to a 3-part article written by Tom Phelan that was featured on EscapeArtist.com.

Part 1:  Does the US Government Want Your IRA?
Part 2:  Time to Pull Your IRA Out of Wall Street
Part 3:  How to Buy Real Estate with Your IRA

A bit of background about the author, Mr. Phelan:

  • International Speaker For:    International Living and Live and Invest Overseas
  • Subject: How Your IRA Can Buy Foreign Real Estate”
  • National Speaker:    RE/MAX, Coldwell Banker, Keller Williams, Century 21
  • Subject: “How Your IRA Can Buy Real Estate” and “1031 Exchanging”
    • Articles Published by: The Escape Artist, International Living, Live and Invest Overseas, Wall Street Journal and MSN (Internet Version) and NuWire.
  • Subject: IRA Purchased Foreign Real Estate
    • “How Your IRA Can Buy Real Estate” 3 Hour 3 CE Course Arizona Department of Real Estate Approved Class
  • Certified IRA Consultant/Specialist (www.IRAAA.org ) for the Self-Directed IRA – SEP, Check Book Control Self-Directed IRA - SEP and the Individual 401(k) 
  • Member IRA Association Of America www.IRAAA.org 
  • Certified 1031 Exchange Specialist (Starker Services) 
  • President IRA Choices - National Web Site: www.IRAChoices.com 
  • Published in Audio by: Simon and Schuster - Bantam Books 
  • Author:  “Million Dollar IRA©” - “Rich IRA Poor IRA©” - “How To Buy And Sell Real Estate And Never Pay Taxes (legally)2003©  - “Rich Realtor® Poor Realtor®2003© - “The Argentine Vineyards Buyer’s Guide©” 
  • Former Radio Co-Host Talk Show on “Real Estate Issues and Mortgages” 
  • LL.B Degree in Law.
  • Smith Barney Stock Broker - New York 1996-1998
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Amber Pierce-Schulz is the Broker/Owner of Mayan Riviera Properties, specializing in Puerto Morelos Real Estate and Puerto Morelos Vacation Rentals. We are members of AMPI and Federally Certified Realtors.