To purchase real property in your IRA, the process is as follows:
Please note you will need to maintain a sufficient cash balance in your IRA to pay expenses related to this property (property taxes, maintenance, improvements, etc.), as all expenses must be paid from your IRA.
Required forms and documents can be mailed, faxed or sent as an email attachment to:
Mountain West IRA
Direction of Investment Real Estate Purchase Kit
Download the Qualified Plan – Real Estate Purchase Kit.
Outgoing Wire Delivery Instructions Transactions
Download Direction of Investment Real Estate.
Download Form 990-T Exempt Organization Business Income Tax Return.
Download Incoming Check and Wire Instructions - Real Estate.
Download Loan Payoff Confirmation.
Download outgoing wire delivery instructions maintenance real estate.
Download payment authorization letter - recurring.
Download Payment Authorization Letter - Single Use.
Download Payment Authorization Letter – Property Tax.
Download Sell Direction Letter – Real Estate.
Download 'The Do's and Don'ts of Real Estate in Your IRA'
Mountain West IRA does not offer investment, tax, financial, or legal advice to clients. Individuals who believe they need advice should consult with the appropriate professional(s) licensed in that area.