Must I hire a property management company to manage the property or can I do this. What other rules should I be aware of?
Hello Richard,
Using your IRA is a great way to invest in real estate, however you must be aware that if you do withdraw money you will incure a 10% penalty for early withdrawl. However if you are a first time homebuyer there is no penalty. If you need any help finding the right property to invest in please let me know, I am located in Fort Lauderdale.
Best of luck,
Greg Horton
EWM Realtors
954-295-4734
Horton.g@ewm.com
Richard... interesting that you posed this question. Using IRA money for real estate investing is a great strategy! My office has set up a seminar on 2/19 to discuss the process. We're "a little" far from Ft Lauderdale (ha ha), but we're also able to offer it simultaneously as a webinar/teleconference. Interested in joining us? Just email me or call me directly! Invitation is open to all who read this!
vchrisner@kw.com
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