Everyone knows that simply doing just a little bit of research and a small amount of planning can go a long way to securing oneself a wealthy IRA and retirement. Take a look at different IRS publications about each type of investment you’re considering as a basis for the research as well as following specific industry experts. A little bit of work goes a very long way.
These basics will help you to build a foundation for a strong understanding. The IRS has a number of requirements and rules for non-traditional investments; learn and know these rules. Talk to your trustee about any cash you will need to fuel an initial investment in either commercial or residential Real Estate.
Although a self-directed account can be used to purchase property, there may be a need for cash up front. It is even possible to use a non-recourse loan to fund roughly sixty or seventy percent of the purchase price with the additional thirty to forty percent coming directly from your self-directed IRA.
That said, there are benefits to both owning the property outright as well as using the non-recourse loan. The benefit of using a self-directed IRA for investments is that you have control of your long-term retirement strategy as well as a cash-flowing property immediately.
Saving money in simply stocks and bonds is not a safe investment strategy anymore. Be sure to learn more about self-directed IRAs as well as investing your IRA in Real Estate. The benefits considerably outweigh the negatives, especially with the deepest discounted Real Estate in decades.
These types of secure investments are great balances to the heavily invested stocks, bonds, and mutual funds that the majority of investors are contributing to on a daily basis. Remember, some cash may be necessary, but use the non-recourse loan to your advantage!
Paul R. Whitacre is a managing partner at WealthyIRA.com. Our vision is to teach others to invest their IRAs and 401(k)s in the deepest discounted Real Estate in decades. Check out more at our http://www.WealthyIRA.com blog and follow us on Twitter at http://www.Twitter.com/WealthyIRA
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