Did you know that you could make monthly withdrawals from your IRA, without penalty, to purchase real estate - investment property, second home or primary residence? This can be done even before you turn 59 1/2, as long as you take substantially equal periodic payments based upon a formula set out by the tax code.
And, by using the money to pay a
mortgage on real estate, the savings in the mortgage interest deduction can
off-set the tax owed on the withdrawal. This is a great way to shift your assets
from highly taxed IRA to real estate with better tax benefits. Read More from
the IRS about it at: http://www.irs.gov/retirement/article/0,,id=103045,00.html
a great time to purchase real estate and this could be a vehicle to help you