Can I use my IRA in conjunction with a 1031 Exchange?

Yes, if done correctly, utilizing an IRA for real estate is feasible with a specialized Self-Directed IRA. Traditional IRAs from institutions like Charles Schwab or Fidelity don't allow real estate holdings, but individuals can transfer their IRA to a custodian permitting real estate. This unique Self-Directed IRA, often termed a Real Estate IRA, empowers individuals to invest IRA funds in real estate, even allowing leveraging for property acquisition.

By structuring the investment appropriately, individuals can collaborate with their IRA to purchase leveraged real estate. Upon selling the property, they can also employ a 1031 Exchange to defer taxes on their share of the gains, while the IRA enjoys tax-exempt gains on its share. For more comprehensive information on employing an IRA for real estate, visit www.MyRealEstateIRA.com.