What is this, you ask? An opportunity to invest your money in any way you want! Ok, maybe it's not that flexible. The IRS does have a few guidelines on what you can and can't invest with your IRA, but many people don't know about Self-Directed IRAs because there are some custodians and brokerage firms who don't offer the option, meaning you are only allowed to invest in stocks and bonds and the like. There are other things you can do with that IRA though...
Of course I am talking about investing in real estate, what else? If you invest your IRA in real estate, it is fully secured by a Deed of Trust and insured, which makes it fixed, secured, insured and tax free! It's really the best of both worlds.
As I mentioned, most custodians don't offer self-directed investments, so in order to do this an investor will need to roll their current IRA into a new account with a company who offers a self-directed IRA. This could be a long process (no one wants to lose business!) but well worth the wait.
We know of a couple of companies and resources that can help you invest in a self-directed IRA. If anyone you know is interested, please visit our site http://www.richmondreinvesting.com/ and we will be sure to get in touch to begin this process, or at the very least talk to you about it.
**On a side note, we are wrapping up the renovation process on yet another great property so stay tuned for an update and some before and after pictures!
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