Real Estate IRA Investing Archives

Self-Directed Real Estate IRA Update: North Carolina Multi-Family Market Remains Strong

It has been a nice run for Self-Directed Real Estate IRA owners focused on the multi-family residential market, but we are starting to see some signs of a slowdown in investment activity.

New data from CBRE and Real Capital Analyst indicate that total multi-family investment activity slipped by 6.9 percent year-over-year, as of the close of Q2 2018. Capitalization rates, defined as the annual net operating income of the property divided by the property value, edged down to 5.5 percent, largely due to a declining investor interest in so-called ‘garden-style’ apartment buildings.

However, the high-rise market continues to attract strong investment activity, with 12.4 billion in sales marking an increase of 12.2 percent on a year-over-year basis.

A disproportionate share of investment dollars is flowing to the already highly-appreciated markets in Los Angeles and New York, with the hot Dallas market coming in third, well behind the other two metros. But that may well leave opportunities in the underserved Southeast, including here in North Carolina, where economic growth, employment prospects and housing demand remain strong, and where rental yields are still attractive to Self-Directed Real Estate IRA investors interested in multi-family housing.

Data from the Apartment Loan Store, a lender that specializes in the multi-family market, indicates that cap rates in and around Charlotte, North Carolina, are in line with national averages, though they vary by type of property:

New Luxury Metro 4.62%

Class A 5.14%

Class B 5.67%

Class C 6.45%

Value-added Acquisitions 6.34%

The average multi-family rent in Charlotte has increased 2 percent over the past year, also according to the Department Loan Store, though the trend has been towards flattening, overall.

Baby boomers who have recently sold their homes have been migrating to the rental market, offsetting Millennials who are increasingly joining the ranks of homeowners.

Interested in learning more about Self-Directed IRAs? Contact American IRA, LLC at 866-7500-IRA (472) for a free consultation. Download our free guides or visit us online at www.AmericanIRA.com.

Buying Florida Properties in your Self-Directed Real Estate IRA

A recent article in the Sarasota Post features the basics of investing in Florida properties using your Self-Directed Real Estate IRA. Of course, the principles are the same everywhere: The laws governing IRAs, including Self-Directed Real Estate IRAs and the broader category of Self-Directed IRAs, are federal. They are the same in every state. But there are a few considerations that make Florida unique.

Booms and Busts

Florida has been attracting real estate speculators for decades – and is famous for big Florida land booms followed by devastating busts. Many have gotten wealthy from Florida real estate investing, and if you time things well and get in while one of the great Florida land booms has some room to run, you can do extremely well indeed.

On the other hand, many have bought into Florida property at the top of the market and been devastated by one of the big real estate crashes that seem to happen in Florida from time to time.

Those who have been investing in real estate for a while will easily recall that Miami, Fort Lauderdale and Palm Beach real estate investors were all seriously hurt by the 2008 market crash. But they have also done very well in the recovery.

Be Patient

So, Florida is a market that is best for Self-Directed Real Estate IRA investors who plan to buy and hold, or who have a number of years before they expect to need to cash out. Meanwhile, the great thing about real estate is that thanks to the generous and increasing rental income yields available on real estate, Self-Directed Real Estate IRA owners can get paid very handsomely to wait.

No State Income Taxes

Florida is an ideal home for Self-Directed Real Estate IRA investors because it is one of a handful of states that do not have a state income tax. This means that rental income from your Self-Directed Real Estate IRA is only taxed at the Federal level, and if you own the property in a Roth IRA, it is not taxed at the federal level, either.

The lack of state income tax goes a long way to helping make a Self-Directed Real Estate IRA a compelling value proposition, and it makes Florida a great destination for retirees who expect to rely on taxable income from an IRA, 401(K), or real estate portfolio.

Self-Directed Real Estate IRA financing

Because Florida real estate prices so historically volatile, lenders may be more careful about lending to Florida Self-Directed Real Estate IRA investors. For example, in most markets nationwide, it is pretty easy to find financing from a Self-Directed Real Estate IRA lending company for about 65 percent of the value of the property securing the loan. However, some of these Self-Directed Real Estate IRA lenders will not lend on Florida properties. The ones that do may require a 50 percent down payment rather than the 35 percent standard elsewhere in the country.

Real Estate Self-Directed IRA Investing in Hawaii

August 24, 2018/in Blog, Real Estate IRA Investing /by Jim Hitt

Hawaii’s mild year-round climate and unparalleled natural beauty make it a potentially attractive place for Real Estate Self-Directed IRA investing. Land is scarce and in high demand – and the demand is increasing as Hawaii’s population continues to grow. This creates a natural support for real estate prices. Even as the nationwide market cools off, Hawaiian luxury real estate properties continued impressive double-digit gains in 2017: 33 percent on Maui, 25 percent for Kauai and 24.8 percent for the ‘big island’ of Hawaii.

But there are some very important factors specific to Hawaii that any Real Estate Self-Directed IRA investor should understand before getting involved.

Leasehold vs. ‘fee-simple’ land

Land and politics in Hawaii are closely intermixed. When the Hawaiian monarchy was overthrown in 1898, hundreds of thousands of acres of developable land belonging to the Hawaiian Royal Family were eventually transferred to the Bishop estate and are managed for the benefit of the Hawaiian people.

Many homes in Hawaii are on Bishop Estate land, and Real Estate Self-Directed IRA homeowners do not retain permanent title to the land, but instead enter long-term leases, or take over leases from existing homeowners. Leases are typically decades long, though lease rents are usually reevaluated periodically – every 10 to 15 years. Eventually the lease expires, and the land undergoes ‘reversion’ back to the control of the landlord – at which time the lease is renegotiated, or the landlord decides to go with another tenant.

The term ‘fee simple,’ on the other hand, indicates that ownership of the land is permanent – the Real Estate Self-Directed IRA investor is purchasing the land outright, along with the house.

Real Estate Self-Directed IRA investors should be keenly aware of whether the property they are buying is leasehold or fee simple land.

If you see a listing for ‘fee available’ property, this indicates that the landlord is willing to sell the land outright – at the right price.

Fee simple land is typically more expensive than an equivalent plot of leasehold ground. The remaining number of years on the lease may also be an important factor in obtaining financing or finding a buyer. Financing is nearly impossible to obtain as the remaining lease term gets under 10 years, so the Real Estate Self-Directed IRA buyer may have to find a cash buyer.

Hawaii also has a state income tax, so if you become a Hawaii resident, or you are generating rental income from a property in Hawaii, be prepared to take an income tax haircut of up to 8.25 percent on income over $48,000 per year (single filers) or $96,000 (for married couples filing jointly.)

Property taxes can also be significant – $4.50 per $1,000 of appraised value in Honolulu up to $ million in value, and $9.00 per $1,000 of appraised value in excess of $1 million. So, property taxes on residential real estate are more significant for higher-priced homes. And with median home prices on the island of Oahu now nearing $800,000, it is very easy to find yourself with a home value of more than $1 million, and an increased tax liability, which you will need to pay from within your Real Estate Self-Directed IRA until you are at least age 59½ years old

Real Estate Self-Directed IRA investors should be very aware that they will need to adjust for property taxes and state income tax on income from Real Estate Self-Directed IRA investment properties.

Due Diligence Checklist for Self-Directed Real Estate IRA Properties

August 13, 2018/in Blog, Real Estate IRA Investing /by Jim Hitt

Real estate deserves consideration in anyone’s long-term investment portfolio. Some investors are content to expose themselves to real estate via REITs and straight-ahead stock companies within a larger retirement portfolio. Many of our own clients find they can get better returns on investment via direct ownership of investment properties within their own retirement accounts, using a Self-Directed IRA, Self-Directed Real Estate IRA, Self-Directed Solo 401(K), Self-Directed SEP IRA or Self-Directed SIMPLE IRA account. They simply use the cash in these accounts to purchase investment property and hold it, with their IRA collecting rents and paying expenses.

After working closely with hundreds of successful Self-Directed IRA landlords – men and women who own real estate directly within their retirement accounts – we have come up with some important hints and tips for finding profitable investment properties with a relatively low degree of risk.

Compile your own comps. Do not trust the big internet sites like Trulia and Zillow for estimates on what any specific home may be worth. First, everyone else has access to that data, so you will not be at any significant advantage by relying on it. Second, there is no substitute for strong local knowledge of the neighborhood – something that no large nationwide database can provide. Compile your own comps, or work with an agent who has extensive experience with homes in this particular area. Better yet, consult a professional appraiser.
Hire a building inspector. Most real estate investors – even experienced ones – inspect just a few homes a year at most. A professional building inspector visits hundreds of homes each year. Few ordinary investors can match that kind of experience, which can normally be had for just a few hundred dollars. That experience can also save you from incurring thousands and even tens of thousands of dollars in needed repairs and renovations, which could destroy the profitability of your Self-Directed Real Estate IRA property.
Work with a title company. This is the most reliable way to ensure that your new Self-Directed Real Estate IRA investment property has a clean title, free of encumbrances from unpaid property taxes, contractors’ liens, old mortgages, claims from heirs and estate beneficiaries, lawsuits and judgments or pledges as collateral.
Be skeptical of pro forma Occasionally, sellers will show you pro forma accounting documents that show various earnings and profitability projections. These are nice but consider them an absolute ‘best case’ presentation. In 99 percent of actual cases, the Self-Directed Real Estate IRA property will show income and expenses substantially lower than what the pro forma numbers assumed.
Look over key property management documents. You will want to look at the previous owner’s rent rolls and compare them to bank statements. Do rental collections match the actual bank statements? Are rents claimed on the rent roll but do not show up on actual bank statements? Does the discrepancy match the non-payment rate?
Account for renters’ deposits. State laws vary, but the general rule is landlords must keep renters’ security deposits in segregated accounts. Before you purchase a rental property, ensure your account for each tenants’ deposit in full and that you have access to these accounts, so you can release them to the renter as required by law, or use them to offset expenses that the deposits are intended to cover.

Charlotte Self-Directed Real Estate IRA Investors Tapping a Booming Market

August 6, 2018/in Blog, Real Estate IRA Investing /by Jim Hitt

Real estate has been hot in recent years – and Charlotte, North Carolina, where American IRA, LLC maintains one of our two offices – is no exception. Recent sales figures are in, and Carolina Multiple Listing Service data for May of 2018 is showing an average sales price of a home in the general Charlotte region was $299,690. That is a jump of 11 percent over May of 2017. This has been great for Self-Directed Real Estate IRA Investors.

Want a Self-Directed Real Estate IRA property within the city limits? Be prepared to pay even more: The average price of a Charlotte home was $332,700 in May, up a solid 13 percent over the preceding twelve months. The median sales price was up 9.5 percent over the same period.

Why the gap between the median and mean sales prices? Part of it is due to the rapid growth of incomes and wealth levels of Charlotte’s most affluent suburb: Davidson. This town of 12,700 residents has recently been named the wealthiest town in North Carolina, according to the most recent Census Bureau numbers. The median annual income in Davidson, $109,907, is more than double the North Carolina median income of $48,256. And more than a quarter of households in Davidson earn $200,000 or more, compared to just 3.9 percent in the rest of the state.

Meanwhile, the number of homes available for sale in and around Charlotte is starting to fall. Inventory is down 20 percent between May 2017 and May of 2018, according to MLS data and reporting by the Charlotte Observer. The biggest demand for real estate in the Charlotte area seems to be towards the lower end of the price range, say local real estate observers. Self-Directed Real Estate IRA investors need to act fast.

The combination of increasing prices and tightening inventory appears to have taken some of the steam out of the Charlotte regional real estate market. Despite the low inventory, it is still a great time for Self-Directed Real Estate IRA investors. The number of homes sold has increased over the past year nationwide, but the number of units sold in Charlotte last May has fallen by 20 percent compared to a year ago. However, lower inventories may well help support prices going forward, as buyers must compete for fewer and fewer units actually up for sale.

The lower total inventory does not mean buyers are not snapping up homes quickly. Indeed, Self-Directed Real Estate IRA investors may find this a good time to sell: The average time from list to close has fallen from 97 to 87 days in the past year.

Beyond Rent Payments – Creating Multiple Streams of Income Within Your Self-Directed Real Estate IRA

August 3, 2018/in Blog, Real Estate IRA Investing /by Jim Hitt

Most Self-Directed Real Estate IRA investors already know that you can charge rents on investment real estate, which can be reinvested for retirement or used to support current projects.

But professional property managers also understand that your income opportunities are not necessarily limited to rental income. For Self-Directed Real Estate IRA property owners who are creative and resourceful, there are endless possibilities for generating ancillary income streams from real estate investments, over and above the normal rental income.

This is especially true for multi-family units and properties where there is a significant amount of land.

Here are some ideas we have seen on different kinds of properties:

Vending machines
Coin and card-operated laundry
Parking space rental for special events at nearby venues
Garages
Storage units
Short-term lease premiums
Water delivery service
Mineral rights
Advertising/billboards
Thoroughfare/passage rights
Operating a bodega, snack bar or convenience store primarily for residents, or creating one on site and leasing it out to a third-party vendor
Buying nearby real estate space and installing needed businesses
Farming and ranching
Leasing for special events
Pest control fees
Valet trash collection
Delivery services
Concierge services
Car detailing/washing
Whole building WiFi
Recycling programs
Bike storage
Pet rent fees (excluding service dogs and therapy dogs)
Communication tower rental
Rental furniture
Cable and internet bundling service deals

.. and many more!

Of these, vending machine income is among the more common options, and can work well even in smaller apartment complexes and in both residential and commercial contexts. Today’s landlords have more options that can efficiently generate noticeable additional income within their Self-Directed Real Estate IRAs with minimal cash outlays or effort required on the part of the investor.

Do not limit your thinking to snacks and soft drinks: Today, vending machines commonly dispense everything from toilet paper to cell phone chargers.

Increasingly, the trend in recent years has been for Self-Directed IRA landlords who own multi-family units to partner with specialized laundry room vendors, rather than attempt to do all the legwork themselves.

Having some furniture, you can rent out with a unit also increases your flexibility to serve young families, people traveling for work and relocators, while still getting some income for your trouble.

Trash collection fees, lease buyout fees, late fees, non-sufficient funds fees and other reasonable fees can also provide a bit of additional cash flow to cover expenses.

Be Quick: Buying Self-Directed Real Estate IRA Properties in a Competitive Market

July 18, 2018/in Blog, Real Estate IRA Investing /by Jim Hitt

When legendary baseball player Ted Williams – arguably the greatest hitter who ever lived – became a coach and mentor to younger players, he had two pieces of advice:

Watch the ball
Be quick!

While Self-Directed Real Estate IRA investors do not have to try to hit a 100-mile-per-hour fastball from Bob Feller, like Williams did, they still have to be quick: Homes are spending 32 fewer days on the market than they did just a few years ago, according to Realtor.com. Buyers are snatching up properties as fast as they come on the market. And Self-Directed Real Estate IRA investors need to swing a very quick bat in order to have a chance to acquire the assets they need to provide their retirement income portfolios down the road.

Here are some expert tips on how to invest in the fastest housing market we can remember.

Do not rely on traditional lenders, unless you are pre-approved. The average conventional loan now takes nearly two months to underwrite and process according to EllieMay.com. Self-Directed IRA and Self-Directed Real Estate IRA mortgages tend not to take as long, since they must be non-recourse loans, they are underwritten based on the value of the property, rather than on income, which can be difficult to document.

But conventional mortgage companies and garden-variety banks are not known for speed in processing. Do not wait until you are bidding against multiple qualified buyers before lining up the financing or getting cash on hand.

Pay cash. This is the ultimate dealmaker: Cash is and always will be king, when it comes to getting a deal through quickly. If you have the cash to buy a home on the spot, you have the leverage to get a better price. This price advantage translates to a profit advantage down the road for your Self-Directed Real Estate IRA.

It also leads to a lot less wasted time. Every deal that falls through because you are too slow represents a loss in terms of wasted time and effort that you could have spent on a deal that succeeds.

Include a check with the offer. Ideally, you can attach the check for the full purchase amount made out to escrow along with the offer. If not, or if you need to attach some strings to the deal, attach a check for a few thousand dollars in “earnest money.”
Focus on homes that have been on the market for a while. Many times, the sellers are frustrated. They know they have priced their homes too high – but they probably are not getting too many offers these days. Buyers are flocking to the new listings. You may be able to get a good deal.
Do not let it slip you are in a hurry. Sellers can smell desperation and will drive a harder bargain. Make a good, fair offer at a discount from the home’s intrinsic value (you are an investor, not a retail buyer, after all), and be willing to walk away if the seller walks. If they know you are willing to walk, they are more likely to accept a reasonable offer immediately.

What investments can be done with a Self-Directed Real Estate IRA?

June 18, 2018/in Blog, Real Estate IRA Investing /by Jim Hitt

The much shorter answer to the question “What investments can be done with a Self-Directed Real Estate IRA?” is almost anything. In addition to actual real estate, you can instead purchase other investment vehicles such as tax liens, mortgage notes or real estate options. These investments allow you to profit from real estate without owning the land.

The IRS does not publish a list of permitted investments, but only the short number of fellow investors or people you may not do business with who are called “disqualified persons.” These forbidden people are yourself, your spouse, parents, children, grandchildren and spouses of your children or grandchildren. However, because IRAs are legally independent entities, you may do business with anyone’s Self-Directed IRA. Also, neither you nor any disqualified persons may benefit from the property in any way. This includes staying there, even for one night. A disqualified person cannot stay on the property even if that person pays rent. You also cannot directly buy from or sell any property to a disqualified person nor employ them for any reason such as maintaining or managing the property. Neither you nor any disqualified person can perform any services on this real estate, even if you do it for free. This labor would be seen as benefitting the Self-Directed IRA through an in-kind transaction, so it is forbidden.

However, certain family members such as siblings, aunts, uncles, and cousins are not considered to be “disqualified persons.” Therefore, they can invest in, purchase, use, or work on the property held by your Self-Directed Real Estate IRA without any restrictions.

All income from the property or expenses to improve and maintain it must also be paid by the Self-Directed IRA, not from your personal funds. Legally, you never see any of this money, as it all remains within the Self-Directed IRA. Although you may not do any business with a disqualified person, your Self-Directed Real Estate IRA can “partner” with them when investing in it. The purpose of partnering is to increase the amount of capital which the Self-Directed IRA has access to. However, when partnering all funds must be kept separate from each partner when buying, selling or using the property in any way. This prohibition also extends to changing the percentage of ownership controlled by any investor, as that is considered a sale or purchase.

Although there are significant tax benefits from using a Self-Directed IRA, there are some taxes which do have to be paid. As they say, nothing is perfect. For example, you may have used financing for the investment in your Self-Directed Real Estate IRA. Such financing is permitted as long as the loans are non-recourse. This type of loan is secured by collateral, such as property. Should you default on the loan, the lender may seize the property, but cannot look to the borrower for any other compensation if the value of security is insufficient to pay the entire loan balance. This protects the rest of your Self-Directed IRA assets from being seized by the lender.

Although you are prohibited from personally benefitting from property held in your Self-Directed Real Estate IRA while you are still of age to deposit into the account, after you retire you can then use the real estate as a home or benefit from it in any way. Also, after you begin making withdrawals from your Self-Directed Real Estate IRA, you can take real estate as an “in kind” distribution instead of cash.

Interested in learning more about Self-Directed IRAs? Contact American IRA, LLC at 866-7500-IRA (472) for a free consultation. Or visit us online at www.AmericanIRA.com.

Partnering with your Real Estate Self-Directed IRA

June 8, 2018/in Blog, Real Estate IRA Investing /by Jim Hitt

When you have a Real Estate Self-Directed IRA, you may want to take advantage of the benefits which can come when investing with a partner. These can include access to more capital, which allows one to make larger investments with greater profit potential. Despite this, there are also disadvantages to a partnership such as making sure to select the right partner, changes in your future goals and any of the myriad problems that can come when investing with other people.

In order to avoid these potential difficulties with fellow investors, you can consider partnering your Real Estate Self-Directed IRA with family members such as parents, spouses or children who might otherwise be prohibited from doing business with your Self-Directed IRA. Although they may partner with your Real Estate Self-Directed IRA, after the initial purchase has been made the prohibited individuals can no longer do any business with your IRA. Essentially, they become prohibited people again. This means you cannot change the ownership percentages of these assets once the partnership has been formed.

In addition to these family members, since your Real Estate Self-Directed IRA is a separate legal entity, the perfect, completely trustworthy partner who is guaranteed to have compatible goals is always available – yourself.

Benefits of Partnering with your Self-Directed Real Estate IRA

In addition to greater access to capital from partnering with your Real Estate Self-Directed IRA, there are other advantages. Not only can you purchase more real estate with the larger pool of money, there is also the chance of further enhancing your ability to purchase by possibly qualifying for more leverage.

As well as giving your retirement account the opportunity to make more money, by partnering with your Real Estate Self-Directed IRA yourself you can make additional (although, unfortunately not tax-advantaged) money. The portion of the money which comes from your Real Estate Self-Directed IRA still derives the same tax advantages on its gains as any other investment it makes.

If you partner with family members, more income is made by your loved ones. Even better, if you partner with your family members Real Estate Self-Directed IRA, their income will be tax-advantaged.

Regulations when Partnering with your Real Estate Self-Directed IRA

The are a number of rules when it comes to the operation of your Real Estate Self-Directed IRA. The title for the real estate transaction must state what percentage each of the partners controls. All income and expenses are allocated by the same percentage. All income derived from ownership of the property and its sale must flow in and out of your Real Estate Self-Directed IRA and not your personal funds – unless you are a partner, in which case the percentage you own yourself is directed to your own accounts.

In addition to following the above financial guidelines, there are a number of other rules which apply, even if your Self-Directed IRA owns only a miniscule percentage of the property. Some of them include:

Neither you nor any other disqualified person may use the property for your own personal benefit. That can mean only staying there for one night.
You cannot rent the house to yourself or any disqualified person.
Your Self-Directed IRA cannot contract for goods and services with you, nor with any disqualified persons. For example, you cannot buy a property in the Real Estate Self-Directed IRA and then hire yourself or any other disqualified person to do the landscaping, make repairs or manage the property.

You must always obey the rules which ensure individuals who might be considered prohibited from doing business with your Real Estate Self-Directed IRA remain eligible and avoid significant tax penalties.

Interested in learning more about Self-Directed IRAs? Contact American IRA, LLC at 866-7500-IRA (472) for a free consultation. Or visit us online at www.AmericanIRA.com.

Self-Directed Real Estate IRA Update – Criminal Background Checks and the Law

May 25, 2018/in Blog, Real Estate IRA Investing /by Jim Hitt

If you are a Self-Directed Real Estate IRA investor, it is not just tax laws governing retirement accounts you must worry about. There is a whole set of landlord-tenant laws you need to be aware of as well – and they can vary by jurisdiction.

For example, most Real Estate IRA investors have taken for granted that they will be able to run criminal background checks on applicants and screen out people with criminal histories. After all, these tenants pose a potential risk to neighbors, roommates and even potentially to the landlord.

That is not universally the case. For example, the city of Seattle made it illegal last year for property owners to decline to rent to applicants because of a criminal history. They made it a crime for landlords to even run a criminal background check.

The law, which the City Council passed unanimously last August, prohibits landlords from refusing to lease housing to individuals on the basis of their criminal history, except where the tenant is on a sexual offenders’ registry for a conviction received as an adult, and the landlord is able to provide a legitimate business reason for the discrimination.

The law also prohibits landlords from even asking about prior criminal records or creating blanket policies against renting to those with criminal histories or instructing their property managers and agents to turn down their applications. Advertisements with discriminatory language are also prohibited. Fines range from $10,000 for a first offense up to $55,000 for repeat offenders

This month, a group of small landlords affiliated with the Rental Housing Association of Washington is filing suit against the City of Seattle, arguing that the Fair Chance Housing Ordinance is unconstitutional. The RHA represents the interests of Real Estate IRA investors and those who own rental real estate directly, outside of retirement accounts. The Pacific Legal Foundation is providing legal representation.

The argument is that the ordinance is a violation of landlord free speech and due process rights. The Association also claims that the City Council.

The City states that they believe the ordinance in question is not unconstitutional and will defend it in court.

Until the Association prevails in the suit, the ban on discriminating against convicted criminals remains in force.

It is not just a Seattle issue: In 2016, the U.S. Department Housing and Urban Development began sending warning shots against landlords: ““A policy or practice that denies housing to anyone with a prior arrest or any kind of criminal conviction cannot be justified,” wrote HUD general counsel Helen Kanovsky for the U.S. Department of Housing and Urban Development (HUD).

The current HUD Administration seems to be friendlier to landlords, small businesses and investors.

It is a good idea for Self-Directed IRA investors to stay in close touch with an experienced landlord-tenant law attorney licensed in all states in which you own rental properties. Do not get blindsided by a law or ordinance you did not know about. Understand the law at the federal, state and municipal levels. And maintain adequate landlord insurance to protect you against problems.

For more information on Self-Directed IRAs, call us today at 866-7500-IRA (472). Or visit us at www.AmericanIRA.com and download our guide to Real Estate IRA investing.