A self-directed real estate IRA. Is it for you?

Mar 26, 2012 | No Responses

Do you recognize some outstanding real estate deals in today’s market and simply wish that you had the capital to take advantage?  Are you also fed up with the abyssmal returns rendered by your retirement account (401k or IRA)?  Do you feel that Wall Street is simply NOT the place where you want your hard earned money?  Do you believe that there are better, local options for your investments?  Did you know that you can keep the tax advantages of your current retirement account and yet create more control and direction with a self-directed Real Estate IRA?

This is every bit an IRA, but you get to locate the specific, local real estate property that then funds the account.  This means that you can put your 401k or IRA to work locally with better transparency and, in most cases, better returns than wall street has been able to provide.

Here’s an interesting article if you’d like to know a bit more……..

http://www.fool.com/investing/ira/2009/01/08/why-you-need-a-self-directed-ira.aspx

Feel free to investigate for yourself.  Check with your accountant or tax advisor.  But if you feel that you can and should do better – call Kirk Butterfield 207-205-4007 to discuss options and how to get started.

Author: John Anderson

John Anderson, President of the firm, is a licensed real estate broker, Realtor, 2014 Maine Commercial Association of REALTORS, REALTOR of the Year, past president of the Maine Commercial Association of Realtors and board member of the Maine Association of Realtors. Mr. Anderson has an extensive background in marketing and business development and is a candidate for the prestigious Certified Commercial Investment Member (CCIM) commercial real estate designation. Mr. Anderson has participated in a large variety of commercial and investment real estate sales and leasing transactions throughout southern Maine. He has served as treasurer of the Maine Commercial Association of Realtors, is past president of the Kennebunk-Kennebunkport Chamber of Commerce, past president of the Kennebunk Portside Rotary Club and served as chairman of the Kennebunk Downtown Revitalization Committee and served on the Kennebunk Downtown Committee.

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