What is a Self-Directed IRA?
Many people are only using their IRAs to invest in mutual funds and other types of stock investments. But a lot of people that are in the know are using their IRAs to be able to invest in real estate and other more productive assets. One thing that you can do to be able to make more money and to be able to streamline the process of allowing yourself to invest easier, is using a self-directed IRA. This allows you to control the money in your IRA through an LLC without having to involve your custodian. Truth is, that custodians usually aren’t that responsive when it comes to what kind of deals that they can move into and how quickly they can move into it. With a self-directed IRA, you get complete control of your IRA assets to be able to move them inside of any investment you want with in side of the bounds of the law. There are restrictions to this, you can’t violate the IRA rules. And you can’t loan money to a disqualified person, for example. And there are certain assets that you can’t invest in such as certain precious gems or artwork, collectibles. However, the self-directed IRA is the tool to be able to move your IRA funds into the most productive asset classes possible with the ease of not having to involve a custodian. My name is Scott Smith, I’m an asset protection attorney with real estate. I’m a real estate investor myself, and I want to help you.