I am interested in acquiring real estate through my Roth IRA. Am I capped as to how much I may utilize toward the down payment?
Answers | 5
Are you using the cash within the IRAs as a down payment?
Check with your IRA custodian. Is this a self-directed ROTH IRA? The ERISA regulations can be challenging. Also, licensed real estate agents have special situations.
IRA trustees are permitted to impose additional restrictions on investments. For example, because of administrative burdens, many IRA trustees do not permit IRA owners to invest IRA funds in real estate. IRA law does not prohibit investing in real estate, but trustees are not required to offer real estate as an option.
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