Self Directed IRA: Pros, Cons, & Things You Should Know

[@rolandosouffrain7957]

I have had a self directed ira for a few yrs. I love it. I only use it for property

[@imfree2946]

Who do you use for your SDIRA?

[@lostboi3974]

Self direct IRA is how Mit Romney has about $100,000,000 in his IRA

[@brucesmith6868]

Thanks Boys good talk.

[@unemployable1747]

If your client can’t manage the flip himself, is he worried that who is managing the work won’t be as efficient or profitable as he is?

[@unemployable1747]

Real estate is a tax advantaged asset if the goal is to buy and hold, so a tax deferred account is a shot in the foot for most people. Additionally, you can’t manage the property yourself, so operating costs increase. It can be done, but most people who want to do this, shouldn’t

[@rickyaz8640]

If his business is real estate his ira should probably be in anything but RE. Seems like way too much work and risking the whole bag

[@gustavomcmillian7360]

🔥🔥🔥🔥✍🏾✍🏾✍🏾✍🏾

[@CindaMurphyRealEstate]

I had a 401k. After I quit, I rolled it into an IRA. Can I turn that into a Self Directed IRA now? I’m a realtor now and I want to invest all my money into RE instead of the stock market. A friend of mine says I can’t because that was from W-2 income and I am now self employed. Here’s what she said, “I hate to burst your bubble- but unless you can transfer over other self employed Ira funds into SDIRA, it’ll take you a long time to build up enough to purchase. You can contribute up to 100% of income up to 250k i think every year, but you can’t as you need to live on some, if not all your income. ☹️. I know this isn’t want you want to hear- but that’s the only way to fund a SDIRA. From other self employed Ira’s or ongoing from current self employment income. I couldn’t roll my regular IRA in it, only my SEPs & Simples. (Self employed Ira’s). “ True?

[@ToddBizCoach]

False. Watch videos from IRA Financial Group . You can also roll over old IRAs, 401ks into Solo 401k.