PLEASE let me caution you against a commercial real estate investment.
If you have money invested in stocks, mutual funds or ETFs and you get nervous whenever there’s a drop in the market here is an idea that might help you.
If you’ve owned a home for a long time you no doubt remember what you paid for it and you have an idea of what it’s worth today. It’s just human nature to think that the increased value is your profit. However, the flaw in this thinking is…
You’ve probably been told that IRAs are allowed to hold real estate as an investment. But IRA custodians like Schwab, Fidelity and TD Ameritrade aren’t required to let you include real estate in your IRA account. A taxpayer – not one of our clients – learned this lesson the hard way. Here’s what happened.