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Investing with a Self-Directed I.R.A.




I hope that the year of 2021 has gotten off to a good start for each of you. If you are like most people, the early weeks of a year force you to deal with the reality of getting together information to file your federal and state income tax returns. Perhaps you have already gotten important tax documents like w-2 forms, 1099 forms, and reports on interest paid and interest earned. I want to make it clear that I am not a tax professional. Since my wife has been preparing taxes for businesses and individuals for our 30 years, I do not have to be. However, there is one piece of tax counsel I would offer you and it is this: IF YOU DO NOT HAVE A SELF DIRECTED IRA, OPEN ONE.

A self directed IRA means that under the restrictions set by the Internal Revenue Service and your IRA custodian, you decide how you will invest your monies. While there are some things you cannot invest in, there are two asset classes that you can invest in: real estate notes and real estate properties. I know that you can because I have had a self directed IRA for many years and invested in both real estate notes and real estate properties using my self directed IRA to fund the deals.

If you do not have a self directed IRA, I encourage you to learn more and see if it might be a good fit for your investment and retirement criteria. There are a number of self directed IRA custodians out there. If it is your aim to use your self directed IRA to invest in real estate properties or in real estate notes, make sure that the IRA custodian has plenty of experience in administrating those kind of investments.

Best wishes in all your real estate pursuits.- RLW

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