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Updated about 6 years ago on . Most recent reply presented by

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20
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4
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Nicole P.
  • Garden Grove, CA
4
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20
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SD IRA & Rollover IRA

Nicole P.
  • Garden Grove, CA
Posted

What is the difference between a self-directed IRA and a rollover IRA account?

I currently have a rollover IRA account. Can I invest in real estate directly with this account?

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17,872
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,265
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17,872
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

@Nicole P.

In order to invest in real estate or other alternative assets with your IRA you will need a self-directed IRA, an IRA held by a custodian allowing alternative assets. There are number of custodians specializing in this, some are active participants on this forum. This topic has been discussed here on the forum many times, I suggest you search for related keywords and start learning from related discussions.

As a real estate agent you are considered self-employed, therefore qualify for truly self-directed Solo 401k plan. It has several major advantages over SD IRA therefore it is likely going to be a better choice for you.

  • Dmitriy Fomichenko
  • (949) 228-9393
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