How to Buy Real Estate With a Checkbook IRA

Written by Posted On Tuesday, 26 February 2019 13:41

In this clip from our Basic IRA Continuing Education course, owner of IRA Advantage David Moore outlines the steps of buying a property with your checkbook IRA!

1. Find the desired investment and negotiate the purchase. The purchase agreement should be written between the seller and the IRA or the IRA's new LLC. Earnest money, inspections, etc. can all be paid simply with checks from the IRA LLC's checking account.

2. If financing is necessart the loan must be to the IRA LLC and non-recourse to the IRA's owner.

3. Use the IRA LLC's checking account to write the check for the purchase of the new investment. It's that simple!

Head to our website or call us today and see how you can get started investing with YOUR IRA!

iraadvantage.net

503-635-1031

 

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Buying Real Estate With a Checkbook IRA IRA Advantage
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David Moore

David Moore, CEO, founded Equity Advantage with his brother Tom in 1991, after a successful real estate investment career. David is a nationally recognized expert on 1031 exchanges and a former board member of the Federation of Exchange Accommodators. David is a Certified Exchange Specialist (CES).

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