Because of the low housing prices, real estate investors are at a point to buy up investment properties. Unfortunately, many banks are not approving investment or spec home loans. Pensco Trust, a self directed IRA custodian, teaches real estate agents how their clients can use their IRA funds to invest in real estate.
Agents can find out more information on how the process works at the Pensco education website.
I have personally spoken to real estate agents who have advised their clients on how they can purchase property with the IRA account and have been successful in opening up a new channel to sell.
Tom Anderson, Pensco’s CEO & Founder, has written a great article on “Why you should consider alternative assets in your clients’ retirement portfolios, and how do you get paid for doing so?“.
If any of you have had any experience selling a home to someone using the self directed IRA account, I’d like to know. Please share in the comments section.
