When an opportunity presents itself, you want to be able to take advantage. What happens when an investment opportunity pops up and your assets are tied up.  

It is important to work with a firm that can access multiple solutions and investment vehicles. Utilizing a self-directed IRA to access retirement funds for real estate or other investment opportunities is not uncommon in our practice.   

As a real estate developer, Steve knows when a good opportunity presents itself. So when an opportunity arose to purchase a good piece of undeveloped land alongside his son as a personal project and long-term family investment, he didn’t want to pass it up. Being undeveloped, banks don’t traditionally lend on projects like this.  To purchase the property, Steve would have to pay cash for the full amount. Money wasn’t the problem, the problem was, that most of Steve’s wealth was tied up in retirement accounts at the moment. By setting up a self-directed IRA, we were able to use Steve’s retirement assets to fund the real estate investment without recognizing any tax consequences from a distribution. 

How ProCore Advisors can help

Here are some of the ways we guide you in making critical decisions and taking control of your finances:

• Use any and all tax benefits to our advantage
• Look to creative solutions to create liquidity 
• Utilize creative products or investment vehicles that typical institutions won’t use