Monday, November 19, 2007

IRA's are allowed to own almost anything

Last Friday evening we had a group of 14 people attend an evening seminar on IRA's as a source of cash for buying investment Real Estate. Much to my delight we disproved the concept that folks do not come to meetings on Friday night. The demographics are not such that "date night" applies. In any event the presentation got going at 6 and much to my delight folks started arriving right on time. IRA Administrator ENTrust was the major presenter and provided a great overview of the process.

In short, if your IRA administrator has told you "no" when you have asked if you IRA could own real Estate, automobile loans, or tax leins, it is only because they cannot sell them to you. Collectibles and Insurance are the only 2 specific prohibitions I can recall. Creating a truly "self directed IRA" with an administrator would allow you to invest that money where you direct, not where the company wants you to invest. EnTrust is such an administrator.

And of course, the possibility of having residential real estate income properties in that sort of portfolio is certainly available and can provide a source of cash for down payments and operations. The advisors will help you set up your fund to be focused on the investments where you want it to be directed. The Denver Real Estate market is one of those that is segmented and localized making it a great time to buy and help the sellers make their next move. As we specialize in the south Denver residential market, we do have strong referral networks in the north end of town. So make sure you talk to Pete Doty about your next real estate move.

So, if this kind of service could be valuable to you or your friends, put my 22 years of experience to work for you, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at Drop me a note to

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