IRA Financial Group Introduces Special Real Estate IRA LLC Solution to Flip Homes Tax-free using Retirement Funds


Miami, FL (PRWEB) January 31, 2013

IRA Financial Group, the leading provider of self-directed IRA LLC solutions, introduces the Real Estate IRA, a self-directed retirement solution for buying and selling rental properties tax-free.

The special Real Estate IRA LLC offers one the ability to use his or her retirement funds to make almost any type of investment on their own without requiring the consent of any custodian or person, including real estate. The IRS only describes the type of investments that are prohibited, which are very few.

The IRS has always permitted an IRA to purchase real estate, raw land, or flip homes. With IRA Financial Groups special real estate IRA LLC solution, buying and flipping rental properties is as simple as writing a check and is tax-free, stated Adam Bergman, a tax attorney with the IRA Financial Group. As the manager of your Real Estate IRA LLC, the IRA holder will have control over his or her IRA funds so that flipping a home can be made by simply writing a check, stated Mr. Bergman. One major advantage of buying rental properties with retirement funds is that all rental income generated by the property is tax-deferred until a distribution is taken (Traditional IRA distributions are not required until the IRA owner turns 70 1/2). In the case of a Self-Directed Roth IRA LLC, all gains are tax-free.

Unlike a conventional Self Directed IRA which requires custodian consent and requires high custodian fees, a real estate IRA LLC with Checkbook Control will allow one to buy real estate, including rental properties by simply writing a check. With a traditional custodian controlled self directed IRA, one will have total control to make a real estate purchase, pay for improvements, and then sell the property without ever talking to the IRA custodian. Since all the IRA funds will be held at a local bank in the name of the Real Estate IRA LLC, all one would need to do to engage in a house flipping transaction is write a check straight from the IRA LLC account or simply wire the funds from the Real Estate IRA LLC bank account. With IRA Financial Groups real estate IRA LLC solution, no longer would one need to ask the IRA custodian for permission or have the IRA custodian sign the real estate transaction documents. Instead, with a Checkbook Control IRA, as manager of the IRA LLC, the IRA holder, will be able to buy rental properties simply by writing a check.

The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.

IRA Financial Group is the market’s leading checkbook control Self Directed IRA Facilitator. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.

To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646.







Bankruptcy Attorney in San Diego: The Best Solution for Bankruptcy.

Article by MIGUEL44478

Bankruptcy Attorney in San Diego: The Best Solution for Bankruptcy. – Law – International Law

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Bankruptcy Attorney in San Diego is a law firm which answers your all legal questions, explains and throws light on the bankruptcy process. They give you a perfect idea about how to deal with harassing creditors and Helps you avoid experiencing foreclosure in your life. Bankruptcy Attorney in San Diego provides private and kind service in a timely manner. One of the main purposes of bankruptcy is to release certain debts to give an honest person debtor a fresh start.In America the rate of overburdened and on edge debtors is increasingly high. If your economic problems escalated to risk zone, it is high time to hiring a bankruptcy Attorney.

Bankruptcy Attorney in San Diego is a law firm who provide bankruptcy attorneys. They are the one who comes to rescue you from facing bankruptcy. A Chapter 7 California bankruptcy trustee gathers and sells the debtors assets, if any, and uses the earnings of such assets to pay of creditors claims in accordance with the provisions of the Bankruptcy Code. In addition, the Bankruptcy Code will allow the debtor to keep certain let off some property of the debtors. Under chapter 7 of the Bankruptcy Code, before 180 days of filing, they received credit counseling from a standard credit counseling briefing. Filing a petition under chapter 7 automatically stays stop to the most collection actions against the debtor or his assets.

Chapter 13 Bankruptcy Attorney is often utilized by associations that do not want to go into insolvency, but wishes to operate its way out of its monetary troubles. A venture may possibly be under pressure to make its economic commitment, but can possibly see that factors will increase in the brief phrase with the help of chapter 13. After filing under chapter 13, no properties are obtainable, and in the condition of a company, it can preserve buying and selling. Chapter 13 also makes sure those collectors a salaried as far as possible, which usually means becoming, paid in complete unless the person or organization defaults on the repayment course.

Bankruptcy is a solution to foreclosure that most homeowners should study with a reputable attorney, even if it is just to have a final effort to stop foreclosure on their homes. Foreclosure sufferers need to be aware of the implication of filing bankruptcy. Even though it?s difficult, having drawbacks, with potential pitfalls, filing bankruptcy to stop foreclosure may give homeowners? one last chance to put the foreclosure course on hold and extended enough to find a more reasonable solution.

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Bankruptcy Attorney in San Diego provides you with an opening analysis of whether bankruptcy is a good opportunity for your exacting circumstance. For more details you can click on Bankruptcy Attorney in San Diego. When you call them,, you get a session at no cost without any pressure. They will not try to put up for sale those things which you don?t need.

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Bankruptcy Attorney in San Diego provides you with an opening analysis of whether bankruptcy is a good opportunity for your exacting circumstance. For more details you can click on Bankruptcy Attorney in San Diego. When you call them,, you get a session at no cost without any pressure. They will not try to put up for sale those things which you don?t need.












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Curbing Abandoned Properties and Cleaning Up Empty Neighborhoods: Renting To Own May Be The Solution


Orlando, Florida (PRWEB) April 05, 2012

In a recent speech to the National Association of Home Builders, Chairman of the Federal Reserve Ben Bernanke discussed the negative consequences of leaving foreclosed homes abandoned, including vandalism and weathering, which costs money in repairs and lowers the value of neighboring homes. Bernanke also commented on the increase of renters and the shortage of rental homes. Though the economy has been improving and 243,000 jobs were successfully added in January, employment uncertainty is causing many would be home buyers to continue renting.

Because of this, renting to own is a viable option which allows people to buy houses in increments while renting. This keeps homes occupied, lowering the cost of upkeep on abandoned homes and maintaining property value within the neighborhood. Because renting to own can both increase housing sales and decrease costs of upkeep, Bernanke suggests a portion of commercial banks’ real estate owned properties, an estimated value of $ 11 billion worth of homes, be rented out in lease option deals.

Martin Orefice, founder of the rent to own website USLeaseOption.com, agrees that renting to own is a solution to real estate stagnation, explaining in an interview, A rent to own scenario gives the buyer the opportunity to buy while providing time to clean up their credit and decide if the neighborhood is right for them. With the proliferation of foreclosures, buyers need alternatives to traditional financing and dealing with the banks.

Orefice has been working in the real estate industry for eight years, selling multiple properties through rent to own agreements and seeing the benefits for the buyers, sellers, and neighborhoods. Martin explains his inspiration for starting the site, I saw the banks tightening up lending requirements and recognized the need for non-traditional financing. Additionally, there was no single search engine for rent to own properties. I wanted to fill the void in the market and create an online marketplace where buyers could go to one place and connect with sellers directly without the interference of third parties.

While banks have yet to respond to Bernanke’s proposition of using lease option contracts to help fill empty bank-owned properties, rent to own deals are becoming more popular with American buyers and sellers. Take it from Martin, whose website has already seen a 4-fold increase in visitors over the past year. With the US government and institutional investors getting involved, Orefice expects rent to own programs to continue increasing in popularity while simultaneously helping improve communities hit hard by the foreclosure crisis.