Over the last year, more than $450 million of funds from Individual Retirement Accounts have been invested in real estate, reports IRA Financial Group.
Faced with tight credit markets, some investors have turned to self-directed IRAs, which allow the use of retirement assets to buy real estate domestically and internationally.
“It’s been an extremely rewarding experience to help so many people make real estate investments and to support the domestic real estate market,” said Adam Bergman, president of IRA Financial Group.
Self-directed IRA structures have developed into a valuable source of funding for real estate investors and as a result made a significant contribution towards strengthening the U.S. real estate market, said IRA Financial Group.
“With the use of our self-directed IRAs, investors have side-stepped the tight credit markets by using their retirement funds to make investments,” said Bergman. “One of the advantages of using a self-directed IRA to purchase real estate is that all income and gains generally flow back to the IRA tax-free.”
Written by John Yedinak