The Checkbook IRA Can Expand Your Investment Strategy
Posted by: Self Directed IRA Advisor in Real Estate, tags: Real EstateA self directed checkbook IRA allows you to have checkbook writing privileges of your IRA retirement account.
If you’re a seasoned real estate investor, you know just how fast expenses can add up on a piece of property. A few trips to your local Lowes home improvement store, a number of calls to your contractor or a simple mistake made by an inexperienced handyman means you have to shell out money, money, money - right out of your pocket.
Now imagine if in addition, you had to pay an additional fee to the custodian every time you needed to cover an expense related to your investment. On top of your financial losses, it can be an enormous expense of time and frustrating to say the least. Would you agree or disagree that this is no way to steward what is more than likely the most important asset you have - your IRA nest egg?
Checkbook control means being able to buy supplies when you need them, not only after you have caught up with your custodian for an approval and a signature. As you probably already aware, some of the best investment opportunities are made light years before others find out about them. Without checkbook writing privileges, great investment opportunities could be lost forever. This issue alone could cost you potentially thousand of dollars.
How Checkbook Control Expands Your Investment Options?
Having checkbook control means you get to manage your IRA retirement account to maximize your retirement investment. Checkbook control of your IRA gives you the ability to invest in practically any way you see fit. The following is a short list of what you can invest in with your Checkbook IRA: undeveloped land, tax liens, hard money loans, private notes, commercial real estate, discounted paper - the list is practically endless.
Checkbook control of your IRA gives you true flexibility and the ability to truly diversify your retirement funds. Learn more about this special IRA or call Truly Self Directed IRA (TSD-IRA) to learn more at 877-339-4559.
Entries (RSS)