So you’ve heard about self directed IRA investments and have some questions. What are self directed IRA investments and how can you cash in on the rewards of IRA permitted investments.
First of all, self directed IRA investments are just that. They are investments that you have control of. Money is directed to the investments that you choose. These self directed IRA investments decisions are not up to the custodian of the IRA.
They are controlled by you the investor.
Let’s say you want to take $10k and invest in bonds, securities or purchase a piece of real estate. You call your custodian and tell them what you want to do. They will ask you the necessary questions to complete the paperwork and the money will be moved to wherever you want, as long as it is an IRA permitted investment.
You now have control. Your portfolio investment decisions are no longer left in the hands of custodians who may or may not know what they are doing.
IRA permitted investments have a wide range of possibilities, including the normal stocks, bonds, gold, silver, and oil.
Also allowed as IRA permitted investments are those related to Real Estate. You can purchase land, land trusts, single family homes, apartment buildings, and even interest in LLCs and partnerships.
The IRA will be the owner of these investments, with you being the beneficiary. Any profits that result, will go back to the IRA, until the investor is old enough to draw on these funds without penalty.
Self directed IRA investments offer the investor flexibility and control over how much or how little his money grows. This is not possible with other custodians, as they make the calls on where your money is invested. Unfortunately, many people are experiencing a paltry return on their investment at best and many are losing money as of this writing.
How does one get started?
If you Google self directed IRA, you will find several companies that offer self directed IRA investments. They will be able to roll your IRA, 401K, Roth or other investments into a Self Directed IRA.
This will usually take place within 7-10 business days. This will depend on how fast your current custodian takes care of things on his end. Some will drag their feet, as they won’t want to lose your business.
My suggestion is to call a few and ask some questions. I would also suggest choosing one that is familiar with IRA permitted investments in real estate. Ask them how long they have been in business and don’t be afraid to ask for referrals.
Using your IRA to purchase real estate is one of the safest and most lucrative investments that one can use their IRA money for. I’ve seen people average 12% and higher returns on their investment.
Some are making over 30% annual returns. I’ve had similar success. This is rather significant when compared to the 3-7% returns that they are used to.
And all of these self directed IRA investments are IRS approved, as long as you stay within IRS guidelines.
But don’t worry, your custodian will be able to tell you which self directed IRA investments are IRS approved. You won’t be alone as the staff of a reputable firm will be able to guide you every step of the way. You will also want to choose a firm which offers on site brokers to help you with your self directed IRA investments. They will be a one stop shop for your investing.
In conclusion self directed IRA investments are becoming the norm for many people as they choose to take control of their future and watch their assets grow. Consider making your move today and take control of your future!