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Hugh Bromma
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The Roth IRA
A new law, effective on January 1, 1998, has definitely changed the opportunity for real estate investors to effect tax free income in the future. By now, everyone has heard of the Roth IRA. The Roth IRA is intended to stimulate savings among Americans in a new tax-free vehicle. There are some limitations which are …
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What Makes a Tax Free Deal a Real Deal?
Over the last year, a number of interesting questions have come up about tax free real estate deals. Among them are the question about doing too many of them in your Keogh or IRA (also known as the Dealer issue); what is the difference regarding transactions in a Roth IRA versus a traditional one; and …
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The New Tax Law: Self-Directed Real Estate and Note IRA’s and Keogh’s
The New Tax law, also known as the Economic Growth and Tax Relief Reconciliation Act of 2001, expands opportunities to make larger investments in IRAs and Keoghs and offers possibilities for your plan not available before. Creative New Possibilities Let’s take a look some of the major advantages just for year 2002: The contribution limits, …
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Self Dealing in Tax Free and Tax Deferred IRA’s
The most frequently asked questions relate to doing transactions which are prohibited or self dealing. What is Self Dealing? Remarkably, the tax code makes some sense in this area. The concept of self dealing within the context of an IRA is easy: Your retirement plan is supposed to benefit when you retire, not before then. …
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New Opportunities with Real Estate IRAs
With the continuing changes in tax legislation, came a benefit for IRA contributions: The non-working spousal limit of $250 was raised to $2,000. Although an additional annual contribution of $2,000 doesn’t appear to be much, it works out to a very large amount over time considering that note returns are between 8% and 12%. Over …
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How to Use Your Retirement Funds for Real Estate
In this articles, we will examine how one can use the tax-deferred money in their retirement plans to take advantage of real estate investing opportunities. This article explains how you can use your 401(k) funds to diversify your portfolio mix into real property. The 401(k) Plan First, it is important to understand some basic features …
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Creative Lending and Profit Splits Using an IRA
Cash flow can come in a number of interesting ways when using IRA or qualified plan funds. Quite recently, we looked at some possibilities of transactions which may have multiple benefits. One in particular provided an interesting approach to income to both an Individual Retirement Accounts as well as income to the beneficial owner of …
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Buying Real Estate in Your IRA
Here’s the big question that confuses many: Can you have real estate investments in your IRA or Keogh? YES. You can. So that was easy, now what? The next question arises about leveraged real estate and how is it done. Yes. You can leverage real estate in a retirement vehicle, but it is so important …
