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Nicole Ivory Thomas

REALTOR®
702-335-7082
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Self Directed IRA

 

The Self-Directed [SD] Individual Retirement Account [IRA]

An individual retirement account [IRA] helps you to earn and earmark funds for retirement savings, as well as to shelter those savings from certain taxes and lawsuits. Self-directed [SD] gives you the power to directly choose the investments of the IRA.

A Self-Directed Individual Retirement Account Investing in Real Estate Enjoys the Following Advantages:

  • SD IRA affords investing in the stability of real esate in relation to stocks
  • SD IRA can purchase real estate using all cash, leveraging, or partnering with another investor, trust, or partnership
  • SD IRA loans protect your personal assets in the event of default or foreclosure
  • An SD IRA enjoys faster growth via the combination of real estate appreciation and cash flow

The Process of Real Estate Purchase with a Self-Directed IRA

Here is a general overview of the process of purchasing property with SD IRA Funds.

  • Transfer funds to an SD IRA custodian
  • Find a property with a professional REALTOR
  • Your REALTOR will create the purchase agreement which is the offer on the property in the name of the SD IRA and send that offer to your custodian
  • With your permission, your custodian will release funds for purchase – the purchase agreement does not constitute authority
  • Your SD IRA custodian will sign at closing – you will own the deed
  • Your SD IRA custodian will distribute the funds appropriately
  • You will make management decisions
  • The rental income and expenses will be handled within the SD IRA

Regulations of Real Estate Purchase with a SD IRA 

You can purchase real estate from anyone except the persons listed below. You can lease to anyone except the persons listed below.

  • Your spouse
  • Your lineal descendants and spouses of descendants (children, sons-and daughters-in-law, grandchildren, etc.)
  • Your parents, grandparents, great-grandparents, etc.
  • Anyone providing services to the IRA and their families
  • Any company, trust, or partnership in which a disqualified person holds 50% or more interest and or voting power
  • Any fiduciary of the IRA

Siblings are not considered disqualified persons. Your custodian will be able to guide you if you have questions.

Please consult with your financial advisor for a professional consultation


Nicole Ivory Thomas
Realty One Group

5550 Painted Mirage Suite 140
Las Vegas, NV 89149
Phone: 702-335-7082
Email: ucanownvegas@gmail.com

Testimonials

Short selling our home was the most humiliating thought for us. We were referred to Nicole by our neighbor. She held our hand through the entire process and she made us realize it was the best choice for us. We were less stressed and were able to start fresh and that was a relief. She was truly empathetic and sympathetic Charles and Wendy
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