Home Buying in 33071>Question Details

Richard Neim…, Home Buyer in Fort Lauderdale, FL

Using IRA Money

Asked by Richard Neiman, Fort Lauderdale, FL Sat Jan 24, 2009

Must I hire a property management company to manage the property or can I do this. What other rules should I be aware of?

Help the community by answering this question:

Answers

2
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
0 votes Thank Flag Link Sat Jan 24, 2009
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
0 votes Thank Flag Link Sat Jan 24, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer