Can I Use My IRA To Buy Land?
This is Huntin’ Land, the podcast for landowners and land hunters. If you like to stay up to date on hunting tactics, land management, land values, and land market dynamics, this is the podcast for you.
On this episode, Joe and Clint talk with Carla McEwen of IRA Innovations about what we can and can’t do with our retirement accounts and land Investments to buy land. Carla deep dives into all of the rules, regs, and who is considered a disqualified person. Also, where do you start, and what questions that you should ask an advisor when considering investing your retirement account or self-directed IRA in land.
As a landowner, it is important to know what your land is worth. You may find yourself asking the questions like, “how much is my land worth today,” “how much is my land worth per acre,” “how much is timberland worth,” “what is my farmland worth,” “how much is agricultural land worth,” and other such questions. Many factors go in to determining the value of land and seeking out the wisdom of experts is a great place to find the answers to your questions.
Each week, on the Huntin’ Land Podcast, we will bring in various experts to help provide answers to the important questions landowners have. For this week’s Timber Market Update, we talk to TimberMart South.
Topics Discussed Regarding Can I Use My IRA to Buy Land?
Can we use an IRA to buy Land?
Does the purchase have to be all cash or can you borrow within the IRA?
Borrowing against the IRA to buy land
What rules are there with regards to who you can buy the land from?
Who is considered a disqualified person?
Can an IRA own a minority portion of a land investment?
Does this “self-dealing” change if the IRA owns less than half of the land?
What about the ongoing maintenance and expenses of the land? How is this paid for?
Who can the land be sold to?
Could a person purchase land with a self-directed IRA, then later sell it to a friend, and subsequently buy it back in retirement if they wanted to use it personally?
Did the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and Secure Act have any changes on the rules?
If a person wants to invest a retirement account in land, what kind of questions should they ask when choosing a custodian like yourself?
How does a someone get started with setting up a Self-Directed IRA?
How to invest a Self-Directed IRA in land?
This week’s show has been brought to you by Joe Baya and Clint Flowers, members of the top producing team at National Land Realty, the fastest growing and most innovative land brokerage in the nation. With hunting season right around the corner and interest rates at historic lows, now is a great time to be buying or selling land. If you want to learn more, shoot us an email at email@example.com or call us at 855-NLR-LAND.
Tune in each week as we bring in various experts to help provide answers to important land owner questions like, “how much is my land worth today,” “how much is my land worth per acre,” “how much is timberland worth,” “what is my farmland market worth,” “how much is agricultural land worth,” and other such questions. Many factors go in to determining the value of land and seeking out the wisdom of experts is a great place to find the answers to your questions.