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Real Estate


Tom Kelly
Tom Kelly
The Real Estate Adviser
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January 13, 2005

The Real Estate Adviser: Put IRA funds into real estate

By TOM KELLY
Special to the Journal

For years, mortgage lenders and representatives in other bank services have said they are in the lending business and not the real estate business. That's probably the best explanation why lenders have been skittish about managing individual retirement accounts that feature self-directed real estate purchases.

"It's a simple case of people selling IRAs not dealing in real estate,'' said investment advisor Jeff Moormeier, president of Stanwood-based Quantum Advisors, http://www.quantum-advisors.com. "What is needed is people who specialize in real estate and deal in it everyday — our local Realtors — to understand the self-direct IRA process. It's a huge market that is just starting to emerge.''


 
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