Do you have questions about Real Estate investing? Here are some commonly asked questions and confusions;
1. The first common assumption is to ask a Realtor, a Broker or Agent. After all their business is Real Estate, right?
– Not exactly. Their business is SALES, of a product called Real Property. Yes they are very knowledgeable of their product, but not necessarily in investing in it, which is more of a financial decision, rather than just a purchase.
2. The next assumption is, so if it’s a financial decision, then a Financial Planner or Advisor would be a better source.
– Again, not exactly. Their core business is to arrange a client’s finances and investments. While a Financial Advisor may recommend investing in Real Estate, he is mainly licensed to sell financial products, such as Securities (shares/stocks) OF Real Estate ventures.
3. The third assumption is; a self-study course is the way to go, since most of them are created by experienced investors and dealers in the actual products of Real Estate.
– Yes and no. In other words; not exactly. Most courses are focused on one aspect/strategy or method of investing in real estate and may leave you with even more questions at the end.
(Btw: you can e-mail me for a comprehensive guide on “The Truth About Online Real Estate Courses” at: investorsherpa@gmail.com)
So is there a professional out there, you can rely on?
Yes, there is.
Although not commonplace, this person needs to have some of the essential traits of all 3 professions, mentioned above.
A Real Estate Investment Specialist does exactly that; specializes in Real Estate Investments, all of its financial, material and tax implications.
Schedule a 15 minute interview to get your questions answered. 832 449-8046
Sincerely; Vince Szabo,
Geography: Texas, Sugar Land, Katy, Houston, Richmond, Rosenburg, Galveston, The Woodlands, Cypress, Humble, Conroe, League City, Pearland, San Antonio, Austin, How to use my self directed ira for real estate
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Investing in real estate through a self-directed IRA can be a great way to diversify your retirement portfolio and potentially increase your returns. However, there are rules and regulations that you need to abide by in order to ensure that you are not in violation of any IRS guidelines. Here are some steps on how to use your self-directed IRA for real estate investing:
1. Set up a self-directed IRA account: The first thing you need to do is set up a self-directed IRA account with a custodian that allows for real estate investments. Not all IRA custodians offer this option, so you will need to do some research to find a custodian that specializes in self-directed IRAs for real estate.
2. Transfer funds into your self-directed IRA: Once your account is set up, you will need to transfer funds from your traditional IRA or other retirement account into your self-directed IRA. It is important to note that you cannot use personal funds to invest in real estate through your self-directed IRA.
3. Find and purchase a real estate investment: Once your account is funded, you can start looking for real estate investment opportunities. You can invest in various types of real estate, including residential, commercial, and even raw land. It is important to conduct proper due diligence and research before making a purchase to ensure that the property aligns with your investment objectives.
4. Manage your real estate investment: As the owner of the property, you will be responsible for managing and maintaining it. This includes finding tenants, collecting rent, and handling any maintenance issues that may arise. It is crucial to keep accurate records of all expenses related to the property, as these will need to be reported to the IRS.
5. Follow IRS guidelines: It is important to follow all IRS guidelines and regulations when investing in real estate through a self-directed IRA. For example, you cannot use the property for personal use or have any direct involvement in the management of the property. Additionally, all income generated from the property must flow back into your self-directed IRA.
By following these steps and staying compliant with IRS regulations, you can successfully use your self-directed IRA for real estate investing. It is always recommended to consult with a financial advisor or tax professional before making any investment decisions to ensure that you are in compliance with all regulations and maximizing the potential benefits of your self-directed IRA.
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