A self-directed IRA is a retirement account, held by a specialized custodian, that permits investment in alternative assets including real estate, rather than the stocks, bonds, and funds typical custodians allow.
Log in to followWhen I funded the SDIRA two years ago I set an arbitrary rule that felt over-cautious at the time: eighteen months of full operating costs in cash inside the account before I'd sp…
Duplex bought all cash inside a traditional SDIRA back in 2019 for $186,000. Two units, $1,750 gross a month combined, taxes and insurance about $4,900 a year, self-managed by a l…
Reading the account agreement before I fund it, and there's a clause I hadn't thought about at all. Every year I have to provide the custodian a fair market value for each asset t…
I scope renovations for a living, which means I can look at a bid and tell you which line is padded. Inside an IRA I can't touch the property, can't swing a hammer on it, can't sp…
Closed on a 2 bed 1 bath, 1,040 square feet, in a county seat town in the midwest. $118,500 all cash from a Roth SDIRA. Rents at $1,150, taxes $1,340 a year, insurance $890, PM at…
I own a small rental through an LLC I control. The idea I had was to sell it to my IRA at an appraised price so the future rent grows tax-deferred. Cash changes hands at market va…
Getting my license this year and a family friend asked me to help him buy a duplex inside his self-directed Roth. He's serious, has about $340k in the account, and wants to close…
Everything the account gives you on the income side, it takes back on the deduction side, and I don't see this discussed much when people compare an IRA rental to the same rental…
I've got an IRA at a big brokerage and I'm looking at moving part of it to a self-directed custodian to buy a small rental. On the intro call the rep said something that stopped m…
I've got about $180k in a Roth that's been sitting with a self-directed custodian since last year, and I finally started pricing a small rental instead of just reading about it. T…