Thinking about investing in a piece of raw land? Did you know you can use IRA funds to purchase the property in a tax-advantaged retirement account? Learn how to do it and what rules you need to be aware of.
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IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.

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Investing in real estate through a self-directed IRA can be a lucrative way to grow your retirement savings. While most people think of buying rental properties or fixer-uppers, another option to consider is purchasing raw land.

Raw land, also known as vacant land, is undeveloped and doesn’t have any structures or buildings on it. It can be an appealing investment for several reasons, including its potential for appreciation, lower maintenance costs, and the ability to generate income through activities like farming or leasing.

But can you buy raw land in a self-directed IRA? The short answer is yes, you can. However, there are some important rules and considerations to keep in mind when investing in raw land through your self-directed IRA.

First and foremost, it’s important to work with a custodian that allows for the purchase of raw land in a self-directed IRA. Not all custodians permit this type of investment, so be sure to do your research and select a custodian that is experienced in facilitating real estate transactions of this nature.

When buying raw land in a self-directed IRA, there are some key rules to follow to ensure compliance with IRS regulations. For example, the property must be held for investment purposes only, meaning it cannot be used for personal use or benefit until you reach retirement age and begin taking distributions from your IRA.

Additionally, all expenses related to the raw land investment must be paid from the IRA account, and any income or profits generated from the land must flow back into the IRA as well. This includes any costs associated with maintaining the land, such as property taxes, insurance, or improvements.

It’s also important to consider the potential risks and challenges associated with investing in raw land. Unlike rental properties, raw land may not generate immediate income, and appreciation can be more speculative and dependent on factors like market conditions and development potential. Additionally, raw land may require ongoing maintenance or upkeep to preserve its value.

Before investing in raw land through your self-directed IRA, it’s crucial to do thorough research and due diligence on the property and surrounding area. Consider factors like zoning laws, utilities, access roads, and potential uses for the land. Consulting with a real estate professional or financial advisor can also help you make informed decisions about whether raw land is the right investment for your retirement portfolio.

In conclusion, buying raw land in a self-directed IRA can be a viable investment strategy for those looking to diversify their retirement savings and potentially benefit from the appreciation and income potential of undeveloped land. By following IRS rules and guidelines, working with an experienced custodian, and conducting thorough due diligence, you can navigate the process of investing in raw land through your self-directed IRA successfully.