A traditional IRA is an individual retirement account that invests in stocks, bonds, mutual funds, and CDs. A self-directed IRA invests in these investment resources in addition to real estate, notes, private placements, tax liens, or private businesses without transaction, holding, or asset-based fees. So you can know transfer money you have stocked away in Roth IRA into a self-directed IRA to buy up rental properties and act as your own IRA broker/custodian—who knew?
Caution, self-directed IRAs are not for everyone. For the investor who wants to create wealth using his or her knowledge outside of stocks, bonds, and CDs, this is definitely an option.
You can learn more from regular webinars through Equity Trust Company. Just visit them at www.trustetc.com
For more information on investing in real estate, please visit www.memphiscashflow.com or email me at
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