Charleston Real Estate and your IRA
Few people realize that they can use real estate investments within their IRA. The IRS provides an interesting alternative for people who want to use the power of real estate appreciation and the potential of rental income to build their IRA portfolio.
The process of purchasing property within an IRA is not as complicated as you might suspect; but, there are rules that must be followed. For example, your IRA can own single-family homes and duplexes but property within your IRA cannot be lived in by you by most of your relatives.
If you wish to pursue this option, you will need to locate custodian that works with self-directed IRAs and who allows clients to purchase real estate within their IRAs.
For more on this subject, I suggest the following links: