Cadre REI LLC

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The proposed H.R. 5376 Build Back Better Act in Congress will prohibit us from using our Self-Directed IRA to invest in Real Estate and alternative assets.

I mailed my letter to my Representative and Senators to vote Nay if Section 138312 and 138314 are not removed from the H.R. 5376 Build Back Better Act. These two sections in the bill will not build back the USA better.

Section 138312 will effectively ban crowdfunding offerings and hurt small businesses and innovating start-ups that raise money from accredited investors’ self-directed IRAs.

Section 138314 will be most destructive to investors who lend money to real estate investors to fix and flip single family homes or to buy rental properties within their Self-Directed IRA. This bill will stop Self-Directed IRAs to lend money to real estate investors who are ordinary Americans who buy and improve (remodel) single-family properties. These real estate investors are self-employed, working to provide for their family, who are buying and fixing up single family homes to sell to first time home buyers. After these ruined down properties are fixed up. The neighborhood will improve and the equity in the homes will increase for owners in the area.

So take action – write your Representative and Senators in Washington DC and tell them to vote Nay to protect your money in your IRAs.

This is a useful links to learn more on how this Bill will hurt your IRA.
https://directedira.com/everyday-ira-savers-who-self-direct-will-lose-big-under-house-tax-bill/

This link is the H.R. 5376 Build Back Better Acthttps://www.congress.gov/117/bills/hr5376/BILLS-117hr5376rh.pdf

Everyday IRA Savers Who Self-Direct Will Lose Big Under House Tax Bill There are over one million IRA accounts that invest in real estate, small businesses, start-ups, LLCs, crowdfunding offerings, and private companies.