The Checkbook IRA Can Expand Your Investment Strategy
A self directed checkbook IRA allows you to have checkbook writing privileges of your IRA retirement account.
If you’re a seasoned real estate investor, you know just how fast expenses can add up on a piece of property. A few trips to your local Lowes home improvement store, a number of calls to your contractor or a simple mistake made by an inexperienced handyman means you have to shell out money, money, money - right out of your pocket.
Now consider for a moment the thought of having to get approval from your IRA custodian every time you needed to pay an expense related to your investment. It can be time-consuming, expensive and downright annoying, especially if you are up against a deadline. This is no way to handle what is arguably the most important asset you have or is it? After all, sometimes the best opportunities are found “on the spot.”
Checkbook control means being able to buy supplies when you need them, not only after you have caught up with your custodian for an approval and a signature. As you probably already aware, some of the best investment opportunities are made light years before others find out about them. Without checkbook writing privileges, great investment opportunities could be lost forever. This issue alone could cost you potentially thousand of dollars.
How does a Checkbook IRA Expand Your Investment Options?
Having checkbook control means you get to manage your self-directed IRA account to maximize your retirement investment. You can invest in practically any way you want. Following is an abridged list of some of what you can invest in with checkbook control: raw land, tax certifications, hard money loans, trust deeds, probate property, commercial real estate, foreign real estate, tax deeds - and much, much more.
As you can see, a Checkbook IRA gives you the ultimate ability to truly diversify your IRA funds. Explore more with a self directed IRA advisor. Call Truly Self Directed IRA (TSD-IRA) today to learn more at 877-339-4559.