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Long Island Business News

Peter Buell, Tax & Business Services Partner, Quoted in the LIBN.com Article "Buying Real Estate Using Your IRA Risky"

Featured: Peter Buell, Partner, Tax & Business

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Excerpt:

You can use your IRA to invest in real estate, thanks to a little-known provision in the IRS code. But that doesn't mean you should.

With real estate values bottoming out and the tight credit market continuing, a small but growing number of investors are using their IRA to purchase real estate. Though the liquidity of this asset may be tempting, there are so many disadvantages and risks involved, that it isn't a wise or even a viable option for most investors.

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Featured
Peter Buell

Partner
Tax & Business
New York, NY
 
 
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