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How To Invest In Passive Real Estate With Your IRA

I'm all about keeping more of all things that are good, especially when it comes to my hard-earned money. I also know that even the best financial advisors can't offer their clients, or have expertise in, every type of investment. Many financial advisors won't always tell you about a strategy for retirement is that is growing quickly in popularity. It's called a self-directed IRA, sometimes a checkbook IRA, and by having one, you are able to take advantage of a myriad of opportunities that may be outside of the options that your financial advisor is able to offer. Basically, with a self-directed IRA you can take all or part of your retirement account and roll it over into an account where you control the investments instead of the company that handles your IRA. I first converted some of my IRA holdings to a checkbook IRA about six years ago, and it’s how I began investing in passive multifamily real estate syndications. In addition to real estate, you can also invest your IRA in precious metals, oil and gas, private hedge funds, the list goes on and on. Whenever you are presented with an investment opportunity for which you might like to use your IRA, the very first thing you should do is consult your tax advisor. He or she can first determine if what you want to do is allowed by the IRS, and then advise you as to whether it would be better to use non-IRA funds or your self-directed IRA. Using my IRA to make my first couple of passive real estate investments took some of the risk out of taking those baby steps into real estate syndications, and it consequently opened up a whole new investing world that I didn't even know existed.