keep it for twenty years
boont said:Since buying a property may require more funds than you currently have available in your IRA, you also can have your IRA purchase an interest in the property in conjunction with other individuals, such as a spouse, business associate, or friend. Also keep in mind that if the property is leveraged, the debt must be a non-recourse promissory note."
Sammy said:I don't believe one can have a mortgage in an IRA. If so, why not just borrow a few Million dollars, put in your $10,000 from the ROTH, and let the 100 suiter pay off the mortgage tax free? The IRS isn't stupid. They won't let you do it. And if you're going to have to put IRA money in with other partners, in effect you ARE paying cash for your portion, and not having a mortgage on the IRA property. A CPA told me this.