Buying Denver Investment Real Estate with Your IRA or 401k

Sign up for the free Seminar (date TBD)

If you are thinking about buying income property in the Metro Denver Area this is a must attend seminar. Presented by Entrust it will cover the basics, and introduce you to some facinating alternatives where you can use your IRA or 401k assets to take advantage of the current Denver Real Estate market. Pete Doty & Company, Inc. is our host and EnTrust will be the presenter.

To sign up to find out where in Highlands Ranch this event will be held, please fill out this form as completely as possible. A valid email address is necessary. In order to comply with state or federal "No Call Rules", please only supply your phone number if you are granting permission to call. Thanks. I never provide your number to others.

Often we are asked "CAN YOU REALLY BUY HOUSES WITH AN IRA?401k?" Here is what the IRS says in their FAQ:

Are there any restrictions on the things an IRA can be invested in?

The law does not permit IRA funds to be invested in collectibles.

If an IRA invests in collectibles, the amount invested is considered distributed in the year invested. The account owner may have to pay a 10% additional tax on early distributions.

Here are some examples of collectibles:

• Artwork,
• Rugs,
• Antiques,
• Metals - there are exceptions for certain kinds of bullion,
• Gems,
• Stamps,
• Coins - there are exceptions for certain coins minted by the U.S. Treasury,
• Alcoholic beverages, and
• Certain other tangible personal property.

Check Publication 590, Individual Retirement Arrangements (IRAs), for more information on collectibles.

Finally, IRA trustees are permitted to impose additional restrictions on investments. For example, because of administrative burdens, many IRA trustees do not permit IRA owners to invest IRA funds in real estate. IRA law does not prohibit investing in real estate but trustees are not required to offer real estate as an option.

If you wish to see it yourself follow this link and scroll down to the bottom of the page to find the topic:

Are there any restrictions on the things an IRA can be invested in?

http://www.irs.gov/retirement/article/0,,id=111413,00.html