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RE/MAX BonBini Curacao Information Utilizing self-directed IRA's for tax-free real estate investments

Utilizing self-directed IRA's for tax-free real estate investments

One of the most under-utilized, but incredibly advantageous, investment strategies for real estate is using a self-directed IRA. A self-directed IRA differs from a traditional managed IRA in that you, the IRA holder, have more control over how your funds are invested.

Investing in real estate in the Curacao using a self-directed IRA involves three simple steps:

1. Identify your investment and request funds 
Start by contacting a self directed IRA custodian and they will help you release the funds and set up your account.
Then, identify the property/investment you wish to purchase, and gather all key documents related to the sale and transfer of the investment.
All documents related to the investment must be titled in the name of your IRA, not to you personally.

2. Process the investment 
The IRA custodian you chose will review and process your forms. If everything is correct and approved, the funds will be sent from your IRA for the investment based on your specifications.

3. Manage and sell the investment 
Once your IRA owns the investment, all expenses and profits related to the investment must come from and back to the IRA.

When you are ready, instruct your custodian to sell the investment on behalf of your IRA. Funds from the sale of the investment return to your self-directed IRA tax-free, where you can continue to re-invest them as you see fit.

Utilizing self-directed IRAs for tax-free real estate investments is just one of many topics that your RE/MAX BonBini agent can assist you with.

If you are looking for the perfect property in Curacao and want to learn how to truly maximize your investment, then send a short email to this link!

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