You CAN Use Your IRA to Invest in Real Estate in North Carolina

Think of your IRA as a big Harvest Bowl. It belongs to YOU, so it is YOURS to decide what goes in it. You can place in it what is attractive to YOU, including “fruits” other than the standard stocks, bonds and mutual funds. Your ECO real estate investment portfolio (harvest bowl) can contain— raw land, historic properties, condos (used for investment) , and we have an abundance of excellent ECO investment properties here in the Greater Asheville area mountains.

If you want to broaden your IRA portfolio, the Greater Asheville area is an excellent place to do it! EscapeHomes.com reports that ASHEVILLE, N.C. rates #1 for investing in second homes: http://www.escapehomes.com/cities/Asheville/

BENEFITS: investing in environmentally-sensitive real estate has certain benefits:

First of all, you can see it and touch it!

Since it is a "green" investment and people in our area of North Carolina are attracted to sustainable ECO-oriented properties...you can count on a strong return on your investment.

You can leverage this investment if you choose

The potential of a cash stream as well as market appreciation exists with income properties

You know WHERE it IS.

You can use an IRA for real estate investments whether you are a “ hands-on” kind of person or an ECO investor who prefers relying on someone else's expertise. We recommend that you take the time to select carefully the ECO investments you find most attractive, and that you also do some solid research into self-directed IRAs prior to making selections.

NOTE: To buy real estate you may have to find an independent administrator to serve as a trustee or custodian. If you choose to hire an administrator, you will want to talk to several experienced professionals before making your final selection.

Consider a self-directed Roth IRA for your real estate investments. And understand that there ARE IRS hurdles involved. The government has a lot of rules when it comes to using retirement funds for real estate, for example, the IRS allows you to use your land or building investment, but not while it is IN your IRA. You could buy a second home, rent it to someone else, put the rental income in your IRA, but not live there. When you retire, you would take the house as a distribution. Then you can move in. By the way, in the meantime, you can’t rent the house to your spouse, grandparents, parents, children, grandchildren, etc., but you could rent it to your brother or sister while it's in your IRA.

Usually we suggest to our clients that the IRA is best when used for true investment property. Here is where your accountant or financial consultant can be a big help. S/he can do a good bit of the homework for you in terms of research.

Contact us at www.Asheville1031Realty.com to discuss broadening your IRA investment plan

Ask us about the latest news on Asheville, North Carolina real estate trends to see why we believe Asheville real estate is a wise 1031 Exchange investment for your future. And PLEASE CHECK OUT OUR VERY SPECIAL PICKS FOR YOU IN LAND BUYS AND REAL ESTATE INVESTMENT PROPERTIES!