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Updated about 12 years ago on . Most recent reply presented by

User Stats

57
Posts
3
Votes
Ru Monsell
  • Damariscotta, ME
3
Votes |
57
Posts

What is the importance of having a self-directed IRA?

Ru Monsell
  • Damariscotta, ME
Posted

I'd like advice on whether a self directed IRA is important to have for a RE investor, and why, and how to use it to best advantage. Should I invest the money I put in it in some REITS or just keep it there for liquidating when needed? Right now it's earning no interest.

Most Popular Reply

User Stats

767
Posts
389
Votes
Brian Mathews
  • Contractor
  • Round Rock, TX
389
Votes |
767
Posts
Brian Mathews
  • Contractor
  • Round Rock, TX
Replied

Why is it not earning anything? Mine has done pretty good this last year. What is it invested in? If you're looking to just start making some money off of it, then change what its invested in. If you're looking at wanting to invest in real estate, you can use it. But it's a pain in the butt.

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