Dollars and Cents: Can You Put Land in an IRA?

It’s time for another edition of Dollar and Cents. This is where I answer one of your questions.

If you have a question, either use the contact form on the blog or use my Facebook Fanpage.

We want to put our IRA into a self-directed IRA and purchase some land with it as an investment. Do you have any tips on how to do this? We know what it is and we know we want to do it. But now what?

Resources:

With each Dollars and Cents video we want to provide some follow up links where you can get some additional information on the topic. If you are interested in learning more about self-directed IRAs, buying land (or a home), or other types of assets you can hold in a self-directed IRA , here are some good reads:

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Comments | 10 Responses

  1. Johnny says

    You might want to re-check the beginning of the video. Did you really mean to say that? Looking all what? It’s not clear what you are saying because it would be rather unprofessional to say what it really sounds like.

  2. says

    I’m in the process of buying real estate within a self directed IRA right now. I’m using uDirect. So far my experience has been that you aren’t kidding when you say there’s a lot of paperwork. And it’s a much slower process than if you were to buy real estate outside of an IRA, because each bit of paperwork has to be reviewed and signed by the trustee, which requires time.

  3. Michael Z says

    Can I contribute an REIT from one “normal” account (not an IRA or 401K) to my solo 401K either as an employer or employee?

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