Questions about our SDIRA account
My husband and I have our SDIRA account in a local bank and want to start utilizing it. Looking for advice on what we can do. Thanks!
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#1 Tax, SDIRAs & Cost Segregation Contributor
- Tax Accountant / Enrolled Agent
- Houston, TX
No way to answer your question without knowing your overall financial situation, your goals and so on.
You can invest your SDIRA money into almost anything - from crypto to buying a business. You are asking in a real estate forum, and everybody here uses their SDIRAs for real estate investments. Your bank SDIRA account is not suitable for real estate though, you would need to transfer this account to a company specializing in SDIRAs.
But first decide on your plan. You can contact some of the Bigger Pockets experts who operate companies that help investors with real estate transactions in SDIRAs: @Bernard Reisz, @Dmitriy Fomichenko, @Brian Eastman