SUMMARY: Diversifying Your Investment Portfolio with Land
Feb IRA Insights
By: Suzanne Morris
“Buy land, they are not making it anymore.” — Mark Twain
Purchasing land using your Entrust self-directed IRA is an easy way to diversify your investment portfolio. It also makes investing in real estate available to those who just started saving and can’t — or don’t want to — obtain financing to purchase a more expensive rental unit.
The process for purchasing developed or undeveloped land using your self-directed IRA is the same as purchasing other real estate. You would first need to identify and initiate a contract to purchase the land in the name of your IRA. You would then submit the Buy Direction Letter and Contract to your local Entrust office. Entrust then coordinates all the closing documents for your review, and finally, the funds are wired from your account to the title company to close.LINK TO FULL ARTICLE:
http://www.theentrustgroup.com/aboutus/about_diversifyingyourinvestmentportfolio/
Filed under: Creative Financing, IRA, Land | Tagged: Ideal4Investors, IRA, IRA Insights, Online Creative Investor Assaciation, Self Direct IRA, Suzanne Morris, The Entrust Group
