Do you have a self directed IRA that lets you invest in whatever you want? Have you used it to invest in real estate? Well, if you have, you made a mistake. Watch this video to learn how you should use your self directed IRA, and learn from my mistakes.

How to use a Self Directed IRA | Avoid these 4 things

FREE STUFF: 👇👇👇👇
► Net Worth Tracker
► Investor Worksheet
► Rental vs 401k Worksheet
► Master your budget worksheet

Crypto endorsement
✔ Bitcoin ► bc1q7wht6lej3n7edpzrcp6zxeedgke025jyyhed8w
✔ Ether ► 0x9aABdD60B9cfB10e385138d9623d864bf9d7c1Db

Tools I Use:
► Personal Capital:
► Autonomous Chair: – Discount Code: R-JBLACK
► Laptop:
► Webcam:
► Ring Light:

Classes:
► Spec New Construction:

TWEET THIS VIDEO:

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
0:00 Introduction
1:50 Don’t invest SDIRA in real estate
3:18 Don’t use leverage
4:05 SDIRA entity name
5:22 Investing Crypto with SDIRA
5:44 Don’t cross the streams
6:40 Document all contributions
7:18 Don’t move money from your SDIRA to a taxable account
7:37 Find a good accountant
8:05 Outro
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
ABOUT JOHN BLACKMAN

I am a realtor, real estate developer, amateur philosopher and personal finance geek. I switched from a long career in software development into real estate sales and development to get more out of life, have more time, more fun, and a more diverse network of people doing amazing things. I struggle with the pursuit of happiness and love managing assets for my businesses and family. I want to help people build self awareness and an intentional approach to their finances.

Join my Mailing List ►
My Real Estate Team ►

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
TALK TO ME ON SOCIAL MEDIA
Instagram ►
Facebook ►
Twitter ►

DISCLAIMER: The information contained on this YouTube Channel and the resources available for download/viewing through this YouTube Channel are for educational and informational purposes only.

#SDIRA #BuildWealth #PersonalFinance #JohnBlackman

…(read more)

LEARN MORE ABOUT: IRA Accounts

TRANSFER IRA TO GOLD: Gold IRA Account

TRANSFER IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

A self-directed IRA is a powerful tool that can help you save for retirement and make wise investments. With a self-directed IRA, you can choose the investments you want to make, and you have the potential to grow your retirement savings faster than with a traditional IRA.

However, there are certain rules and regulations that you must follow when using a self-directed IRA. To ensure you are making the most of your self-directed IRA and avoiding costly mistakes, here are four things you should avoid when using a self-directed IRA.

1. Do Not Invest in Collectibles

Collectibles, such as artwork, coins, antiques, and other similar items, are not allowed investments for self-directed IRAs. If you purchase any of these items with your IRA funds, you will be subject to a 25% penalty from the IRS.

2. Do Not Use Your Self-Directed IRA to Invest in Your Own Business

You are not allowed to use your self-directed IRA to invest in your own business. This would be considered a prohibited transaction, and you could be subject to a 15% penalty and other taxes.

3. Do Not Use Your Self-Directed IRA Funds to Purchase Life Insurance

Life insurance is not an allowed investment for self-directed IRAs. If you use your IRA funds to purchase a life insurance policy, you will be subject to a 15% penalty and other taxes.

4. Do Not Use Your Self-Directed IRA Funds to Make Loans

You are not allowed to use your self-directed IRA funds to make loans. If you do, you could be subject to a 15% penalty and other taxes.

By avoiding these four things, you will be able to make the most of your self-directed IRA and ensure that you are following the rules and regulations set forth by the IRS. With a self-directed IRA, you can open up a world of investment opportunities and potentially grow your retirement savings faster than with a traditional IRA.