Golf Course Development

Written by Johnny Kitchens
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There are a number of ways to get involved in the golf world without quitting your job and joining the tour. You can purchase land to be developed into a golf course. You can start a business designing golf courses for speculation or for specific pieces of property. You can start a company that specializes in maintaining the greens and grounds of high-end golf courses. You could even try to open a franchised pro shop at one of your favorite courses.

All of these things can also be done with funds from your IRA--as long as you meet certain requirements within the laws. Before going ahead with any investment of your IRA funds, you need to be certain what criteria determine your compliance with the law. Failure to comply can result in the loss of your investment's tax-advantaged status and can trigger steep penalties. However if you do your homework and have the right self-directed IRA advisor, you should be fine.

IRA investments are not just for the stock and bond markets anymore. Investors are learning that they have many more options for investing IRA funds than they once thought they did. IRA providers are also learning that they had better be able to offer more options in order to keep their clients. Investor education, booming real estate markets and some softness within the stock market have combined to fuel much of this change in attitudes.

Partnering to Develop High-End Golf Courses

One way to fund high-end golf course development with a robust but not bulging IRA is to partner with others in a similar situation. By forming an LLC, several IRAs can come together to make investments that would not be possible alone. The structuring and execution of such a deal can be quite complex, though, and your IRA's tax-advantaged status is too much to risk without the proper support. Before you attempt such an investment, you need to be sure you and your IRA advisors are up to the challenge.


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