Silverstone Announces That Investors Can Wholesale Real Estate In A Self Directed IRA
Many investors struggle to build wealth fast in a self-directed IRA because of the annual contribution limit. Wholesaling real estate in an IRA is one why to build wealth fast.
Online, June 20, 2013 (Newswire.com) - One of the biggest issues that has been around since the creation of the self directed IRA is the annual contribution limit. This limit of only $5,500 for 2013, and less in previous years, has resulted in many investors being unable to fund some deals because while there is enough money in personal funds there is not enough money in the IRA. And mixing personal funds with self-directed IRA funds is a prohibited transaction.
It is for this reason that there is a continual search to find ways to do deals or make investments that will drive highly lucrative returns and require little initial investment. Silverstone's professionals are announcing that wholesaling real estate in an IRA is the best way to do that. How is this done? "As long as there is a IRA LLC setup, and all of the business is done in the name and with the funds of the IRA's LLC then this transaction is completely legal. Once the account holder signs his personal name on any document it becomes a personal gaurenty and " These are the words of the Silverstone CEO who has consulted with other IRA professionals.
What Is "Wholesaling Real Estate"
Wholesaling real estate is the act of buying real estate, or at least getting the property under contract to buy, and then selling it to another investor that will fix the property up if needed and sell it to an end user. Just like there are wholesalers and retailers with merchandise sold all over the world there are wholesalers and retailers of real estate, the wholesalers typically sell the to retailers that sell to the end users.
Silverstone.net
Silverstone is committed to assisting its clients as retirement is planned for and plans are executed to drive results. The company is continually looking for ways to assist its clients by building useful network connections with investment firms that provide healthy returns, looking for legal investment strategies to be executed on and many other techniques. For more information contact the professionals through the website links.
