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?

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Gregory Hort…, , 33326
Sat Jan 24, 2009
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
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Vicky Chrisn…, Agent, Purcellvile, VA
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!
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