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If so, who did you use? How has it worked for you? Any advise for someone thinking about doing it? And please, only those who have actually done this respond. Thanks!
I used Self-Directed IRA Services and Vantage Self-Directed Retirement Plans and am pleased with both. SDIRA Services for investments in Marketplace Lending and Vantage for real estate. Fees are reasonable, service is reliable.
What will the underlying investment be for you? If real estate, you should check into UDFI and UBIT taxes which are withheld at the max tax rate.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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IRA Services Trust Co.. holds an IRA LLC, which in turn holds and manages a few of my my investment properties. (One very simple low fee, one annual report by me to declare value)
Been very ez, and cheap, and efficient (so far) KoW
Love those investments and impressive monthly cash flows
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
34,700 posts, read 58,022,681 times
Reputation: 46172
There are self directed equity investment Ira's (std fare), even my kids started in these at age 12, as soon as they had earned income.
Then there are self directed business asset Ira's, where you hold / own non- conventional investments through a custodian. (Real estate, businesses, collectibles, precious metal...)
Both have their +/- and unique purpose and benefits to your overall portfolio.
Yes, At Fidelity and Schwab. The IRA's are now Roths but they started as Normal IRA's.
Still have a 401K back @ my old employer in there Fixed Fund, since it pays a nice percentage rate, Went down for 2017, But still better then I could get anywhere else.
They work well for me, Done good growth in the last 5 years when I was activity managing them. OK growth before that when I had them in Good Mutual Funds, and Good "Blue" Chip type stocks.
Personally I would not want my IRA to be non diversifiable in one non liquid asset. "All my Eggs in One basket" issue. I would look at REIT's more then one property.
You need to be able to play for all the operational costs of the rental from your IRA: Repairs, HOA Dues, Taxes, Special Assessments, holding cost when vacant.
Personally I would not want my IRA to be non diversifiable in one non liquid asset. "All my Eggs in One basket" issue. I would look at REIT's more then one property.
You need to be able to play for all the operational costs of the rental from your IRA: Repairs, HOA Dues, Taxes, Special Assessments, holding cost when vacant.
I'm contemplating using 20 to 25% of my total IRA balance, and I asked only for responses from those who have actually done this. Thanks anyway.
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