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Updated over 11 years ago on . Most recent reply presented by

Ru Monsell's profile image
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Ru Monsell
  • from Damariscotta, Maine
  • Member since Jun 4, 2013
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Ru Monsell's profile image
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Ru Monsell
  • from Damariscotta, Maine
  • Member since Jun 4, 2013
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Ru Monsell
  • Damariscotta, ME
3
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Tax, SDIRAs & Cost Segregation

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.

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Brian Mathews's profile image
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Brian Mathews
  • Contractor
  • from Round Rock, Texas
  • Member since May 19, 2013
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Brian Mathews's profile image
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Brian Mathews
  • Contractor
  • from Round Rock, Texas
  • Member since May 19, 2013
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Brian Mathews
  • Contractor
  • Round Rock, TX
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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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