Interest In Real Estate IRAs Is Bursting At The Seams At American IRA, LLC, A National Provider Of Self Directed IRAs, What’s All The Fuss About

Interest In Real Estate IRAs Is Bursting At The Seams At American IRA, LLC, A National Provider Of Self Directed IRAs, What’s All The Fuss About













Self-Directed IRAs Give You Control of Your Retirement


Lexington, KY (PRWEB) January 20, 2012

Realtor Mag recently reported that optimism is building in the housing market. American IRA is noticing the increased optimism as they are receiving an overwhelming interest in Real Estate IRAs.

Jim Hitt, CEO of American IRA, explains, “Many people are surprised to learn that you can own real estate – not just REIT shares or other stocks, but actual rocks, soil, brick and timber real estate – within your Individual Retirement Arrangement. The IRA vehicle allows you to realize all the advantages of the IRA – tax deductions, no capital gains taxes, deferral of income tax, asset protection, and in some cases, tax-free income – while allowing you to invest in all types of real estate.”

Self-Directed IRAs

The key to using their IRA to invest in real estate is a special vehicle called the ‘self-directed IRA ,’ sometimes called a “real estate IRA.” With these plans, they take over the role normally played by investment companies, such as brokerage companies, mutual fund houses and insurance companies. Instead, they, or their designated representative, take close control of their IRA.

IRS rules don’t allow them to have possession of the assets directly, however. They can’t have a suitcase of stock certificates next to the pile of oily rags by the furnace in their garage and call that their IRA. Instead, they have to have a third party administrator hold the assets on their behalf. When they select our firm as the administrator of their IRA account, however, they have much more flexibility to invest in what they know than they would with a traditional brokerage or insurance company. If they are a mediocre stock picker but a real estate ace, it makes sense for them to stick to their circle of competence. Our firm lays the administrative foundation, and lets them do what they do best – pick real estate – within their IRA.

Prohibited Transaction Rules

The IRS does place some limits on what they are allowed to do with assets in their IRA:

•They cannot use the property for their own benefit. This means they cannot stay in a rental property, even for a night. Many people make the mistake of thinking they can use the property for up to two weeks for their own benefit without losing the tax advantages of the IRA. It is true that tax rules for rental properties do allow them to stay in their own property for up to two weeks. However, this is not true for real estate within an IRA.

•They cannot buy property directly from their IRA, nor sell directly to it. Nor can their designated beneficiary, nor any of ancestors or descendants or any spouse of an ancestor or descendant. For example, their IRA cannot buy or sell directly to their parents, grandparents or children, nor to their spouses. Furthermore, their IRA cannot buy or sell directly to companies or entities they own or control.

•They cannot have the IRA pay them or their company to manage it, nor provide any product or service to it. They also cannot have their IRA do business directly with companies controlled by them or their family members.

•Their IRA cannot do business directly with any of the professionals who service the account. For example, their CPA or financial planner cannot also be the person repairing the roof on a property owned by their IRA.

•They cannot lend money directly to their IRA, nor borrow from it.

•They cannot borrow money directly from their IRA, nor can they use their IRA to lend to their family members , defined as their children, grandchildren, parents or grandparents and any of their spouses or entities they control. However, siblings, aunts, uncles and cousins may be acceptable.

•They cannot pledge their IRA as collateral for a loan – all debt in the IRA must be non-recourse debt. They cannot sign a personal guarantee on a loan within the IRA.

•They cannot commingle personal funds with funds within IRA accounts . They may, however, partner with themselves and others at the time of acquisition of the asset.

But enough of what they can’t do. Here is what they can do, investing in real estate in a self-directed IRA :

•Contrary to popular belief, they can, in fact, borrow money within their IRA to purchase real estate. It has to be non-recourse financing (terms may vary by lender); however, non-recourse financing and unrelated debt income tax (UDIT) will apply. UDIT is only assessed on the percentage of the profit that relates to borrowed funds. For more information on this topic, see our article on leveraged real estate.

•They can collect rental income, tax-deferred and all the income goes into their retirement account.

•They can own real estate within a Roth IRA and collect rental income, tax free.

•They can sell property within the IRA without having to worry about capital gains taxes.

•They can buy raw land.

•They can buy residential or commercial real estate.

•They can diversify by buying real estate in other countries.

•They can use a tax-deferred exchange inside their IRA to defer UDIT tax.

Mr. Hitt concludes, “If you enjoy real estate, you want the chance to use leverage within your IRA account to fund your retirement, and you are up for acting as a landlord, you should consider using a self-directed IRA to own real estate. This is a great opportunity afforded to us by our government; however, you need to be watchful of a few pitfalls. If you are mindful of those pitfalls, this is a phenomenal tool.”

About:

American IRA, LLC was established in 2004 by James C. Hitt in Asheville, NC.

The mission of American IRA is to provide the highest level of customer service in the self directed retirement industry. Mr. Hitt and his team have grown the company to over $ 250 million in assets under administration by educating the public that their self-directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more!

To learn more about American IRA, LLC and self-directed IRAs/self-directed Solo 401(k)s, please contact our office at 1-866-7500-IRA(472).

As a self-directed IRA administrator they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms ). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term “they” refers to American IRA, located in Asheville, NC.

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, Vocus PRW Holdings, LLC.
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‘How to Invest in Real Estate with Your IRA’-American IRA-A National Provider of Self-Directed IRAs Announces this Two Part Webinar Series Hosted by Atlanta REIA

‘How to Invest in Real Estate with Your IRA’-American IRA-A National Provider of Self-Directed IRAs Announces this Two Part Webinar Series Hosted by Atlanta REIA













Self-Directed IRAs Give You Control of Your Retirement


Atlanta, GA (PRWEB) February 10, 2012

American IRA-A National Provider of Self-Directed IRA Services-Announces Jim Hitt, American IRA CEO, will be a special guest for this two part webinar series hosted by Atlanta REIA ‘How to Invest in Real Estate with Your IRA’.

The first webcast will be on February 16th and will focus on basic to intermediate strategies for using your IRA to invest in real estate. The second webcast will be on March 15th and will focus on intermediate, advanced, and creative strategies for investing in real estate with your IRA.

Jim Hitt, says “If you are curious about Real Estate IRAs and are looking to learn more about this investment options such as real estate, and other non-traditional assets like LLCs, trust deeds, mortgages, and businesses, this is the perfect webinar for you. I will provide the must knows of investing with self-directed Real Estate IRAs providing you with solid and useful information to help you make your decision about whether self-directed Real Estate IRAs are a good fit for your investment plan.”

Mr. Hitt is excited about this webinar series because these are two specially designed webinars in which the story of David G. will be shared. David G. started out with a self-directed Roth IRA valued at $ 6,800 in 2007 and grew that investment to it’s current value of $ 293,000 in 2012. Mr. Hitt will chronicle David G.’s story and how he took his investment knowledge and his investments from beginner to intermediate to advanced to creative. This webinar will show everyone how David G. achieved great success in growing tax free wealth and everyone will clearly be able to see that they can do it too!

Many people are surprised to learn that they can own real estate – not just REIT shares or other stocks, but actual rocks, soil, brick and timber real estate – within their Individual Retirement Arrangement. The IRA vehicle allows them to realize all the advantages of the IRA – tax deductions, no capital gains taxes, deferral of income tax, asset protection, and in some cases, tax-free income – while allowing them to invest in all types of real estate.

The key to using their IRA to invest in real estate is a special vehicle called the ‘self-directed IRA,’ sometimes called a “real estate IRA.” With these plans, they take over the role normally played by investment companies, such as brokerage companies, mutual fund houses and insurance companies. Instead, they, or their designated representative, take close control of their IRA.

About:

American IRA, LLC was established in 2004 by James C. Hitt in Asheville, NC.

The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Mr. Hitt and his team have grown the company to over $ 250 million in assets under administration by educating the public that their self-directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more!

To learn more about American IRA, LLC and self-directed IRAs/self-directed Solo 401(k) s, please contact our office at 1-866-7500-IRA (472).

As a self-directed IRA administrator they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms ). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term “they” refers to American IRA, located in Asheville, NC.

# # #











Attachments






















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









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What You Should Know about Florida House Insurance

Article by Todd Meyers
























Florida, the Sunshine State, is a state recognized for its damaging tornadoes and hurricanes. No one has forgotten the devastation caused by Hurricane Andrew in 1992. Following Hurricane Andrew, Florida went through another serious of damaging hurricanes in 2004 and 2005. The everyday living of citizens was greatly impacted by the damage. The 500 companies that provide Florida house insurance were also greatly impacted by the storms. The number isn’t as high now since many of the business have moved from Florida or closed their service entirely. There are only about 40 Florida house insurance companies in the state.

Many of them are small companies and don’t have much experience relating to the subject of Florida house insurance.This has now confused residents. The million dollar question is how to find the right Florida house insurance company. A person may think after their house has been damaged an insurance adjuster will make a visit to their home and take note of the destruction and get their Florida hose insurance money fast. Below are a list of hints for selecting the correct Florida house insurance company.

Mainly, you should seek a company that has a strong reputation and a decent record. The track record company you choose can be checked by going through Association of Insurance Commissioners(NAIC) and entering their code number. You will be able to conduct a deep search into the rankings of the Florida house insurance company you want. You will want to know if they have enough expertise in this area and an excellent ability to compose policies and process the claims. Carefully go over their financial stability. Determine if the Florida house insurance company can fund high claim amounts and ranks high. Cautiously go over the chance variation and if the foundation of the policy is spread out over many counties or just restricted to those on the shore line. You are advised to select a Florida house insurance company with hat offers vast geographical coverage.

Next, examine their client support service. Client support is an important factor in finding a company. Sooner or later, you may need to get in touch customer service when a problem arises. Observe carefully to see if the employees answer your questions in the shortest time possible. regardless if your billing inquires are made top priority, asking these simple questions can give you an idea of the type of systems and skills about the Florida house insurance company you would like to use in time to come. Keep in mind that the coverage of you house and assets is an essential significance.Those things are too important to take a gamble on. You wish to make certain you have the right Florida house insurance company handling your claims.

About the Author

Visit Florida House Insurance for more information or visit our blog at http://floridaautohomeownersinsurance.com/basics-of-florida-house-insurance/.












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Finding a Superior House Insurance Company

Article by Franchis Adam
























No position can compare the safety and the relaxation a house can bring – no position like home, as they say it. This is possibly one of the reasons why we constantly strive to work so that we are able to obtain this control or when we previously have, we see to it that this is suitably maintained or individual taken mind of.

Our errands to provide suitable care for our home ought to not wrap just by doing some maintenance – structural, fixtures, etc. We should look past that and buying a home insurance is amazing that is worth responsibility for your home. This is particularly pertinent most particularly today when disasters – natural or man-made – are familiar.

Getting a new house for the initial time can be very thrilling. This can give you a feeling of hope, new worthy early stages, and a better life forward. But what if? What if your home is trapped on fire or when other disasters belt? These things could occur sometimes certainly. So it is better to be organized for what could occur in the near prospect.Buying indemnity for your home can really help must unfortunate things ensue in the days ahead. This can give an intelligence of safety. That is, if you have it from a proven upright house insurance group.

With so many insurers nowadays offering homeowner insurance programs, you might find it confusing – on which insurer to go. However, with the assist of a new expertise today particularly the Internet, this has developed into a lot easier to do. You can do a explore about this to find a superior house insurance company – you can do it by doing a relationship on their insurance agenda coverage’s and boundaries. Reading reviews and joining insurance online forum can also aid. By only responsibility a search engine search, you can find a list of indemnity companies to decide from.

Aside from clothing and food, our home is one more possession that we deem a top precedence. If we lose such control, we feel as if we have lost a cherished one – this is what we must shun. Disasters can occur yet if we do not like it – they happen sometimes certainly. The good thing is, we have lots of home insurance providers out there and we can for all time find a good home insurance company that suits superlative our requirements.

About the Author

Get instant insurance rates from multiple carriers online. Free comparison for cheap auto, low cost health insurance, affordable home insurance quotes. We are dedicated to helping consumers find the most affordable and competitive home insurance on the web.












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