Can I Buy Probate Property With My  Retirement Funds?

Yes you can, and the key to success at buying probate properties is to be able to move quickly. This means you must have checkbook control over your retirement monies to make the purchase when the opportunity presents itself. Without a true Self Directed IRA plan you will lose out on a hot property due to your IRA custodian having to sign off on the deal before you can close it.

With probate properties, timing is everything. Having checkbook control with a true self directed IRA means you can make an offer and close the deal in an accelerated fashion, giving you a much greater chance of success.

Probate is the process by which the probate court distributes the assets of an individual in accordance with their will. In the event that a person dies without a will the probate court distributes the assets in accordance with the law and with the intent of following the deceased’s presumed wishes. The first step in probate is the settling of debts. This means assets will be sold to pay creditors before being distributed. Settling with creditors often requires the quick sale of properties.

Probate properties represent some of the best buys in real estate; they cannot sit around for years waiting to get the best price, and they can yield extraordinary returns if you’re able to find and buy the good ones. There is often a high demand for probate properties due to people watch these properties closely waiting for them to become available in the probate process.

If you want to purchase probate property, and have an IRA or 401k, call us and we will help you get started.