Have you ever considered investing in real estate via a self-directed IRA? Have you ever wondered what the rules and intricacies are involving self-directed IRAs? Whether you’re new to real estate investing, or established in the industry, this strategy can help you invest wisely and effectively.
On this episode of Investing in Real Estate, Natali and I are sitting down with Scott Maurer, the director of business development at Advanta IRA. Scott is well-versed in a variety of investment types, and on today’s show, he’s sharing his knowledge about self-directed IRAs as a tremendous opportunity in real estate investing.
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A self-directed IRA is an investment type that allows the owner control over where their money performs. Being strategic within a self-directed IRA allows the investor many possibilities. Instead of simply performing within the stock market, a self-directed IRA allows the investor to choose from investments permitted by the IRS.
These regulations allow for a variety of investments, including real estate. However, the funds must go exclusively into an investment property. A self-directed IRA cannot fund a primary residence, rental home, or a second home.
The IRS is incredibly specific. For example, every single expense related to the property must go through the IRS. Likewise, any income that the asset earns must go back into the IRA. This is crucial; any transactions deemed as prohibited can disqualify your IRA from tax-deferral benefits.
That’s where self-directed IRA administrators, such as Advanta IRA, come in. They educate investors on the details of IRAs, and offer tools to help investors understand how to reap the most benefits from their investments. For a competitively low fee, Advanta IRA will manage all of the financial transactions for a self-directed IRA.
On today’s show, Scott is diving deep into all the details of self-directed IRAs. We’ll discuss different investment types, and how to transfer funds into a self-directed IRA. We’ll also explore the benefits of self-directed IRAs, and the importance of being proactive with your investments. If you’re looking for a means to wisely invest, you won’t want to miss out on Scott’s wisdom!
If you’re ready to begin building a passive income through rental real estate, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- What are the two prohibited investment types within a self-directed IRA?
- Can a previous 401k be rolled over into an IRA?
- What is an IRA conversion?
- How does private lending through self-directed IRAs work?
- Who are disqualified persons within an IRA transaction?
- And more about real estate investing!