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How to Successfully Manage Your Self-Directed IRA: Real Estate Investors Share Best Practices


Join Brittany Melville, Next Generation’s director of marketing and sales, alongside experienced real estate investors as they share the do’s and don’ts of investing in real estate through a self-directed IRA. PANELISTS: Brittany Melville, Director of Marketing and Sales, Next Generation Trust Company brittanym@nextgenerationtrust.com Susan Konsella, Real Estate Broker & Next Generation Client sakonsella@assist2sell.com Carl Schiovone, President of East Coast REIA & Next Generation Client carlsch@optonline.net Jim Clark, ERISA Attorney/Partner at Blodnick, Fazio & Clark jclark@clarkslaws.com Robert Holeman, Real Estate Investor robasap@gmail.com...(read more)


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Investing in real estate is a popular way to build wealth. One of the best ways to do this is through a self-directed IRA (Individual retirement account). With a self-directed IRA, you can invest in a wide range of assets, including real estate. However, managing a self-directed IRA can be tricky. To ensure you get the most out of your self-directed IRA, here are some best practices from real estate investors. 1. Understand the Rules and Regulations The first step in successfully managing your self-directed IRA is to understand the rules and regulations that govern it. For example, you are not allowed to use any of the funds in your IRA for personal use. You also need to be aware of the tax implications of investing in real estate through an IRA. 2. Choose the Right Custodian When it comes to self-directed IRAs, you need to choose a custodian who understands the rules and regulations. Make sure to do your research and find a custodian with experience in self-directed IRAs. 3. Diversify Your Investments Real estate is a great investment, but it’s important to diversify your investments. Consider investing in a variety of different types of real estate, such as residential, commercial, and industrial properties. You should also consider investing in other assets, such as stocks, bonds, and mutual funds. 4. Monitor Your Investments When investing in real estate, it’s important to monitor your investments. Make sure to keep track of your investments and any changes in the market. This will help you make informed decisions about your investments. 5. Use Professional Help Managing a self-directed IRA can be complicated. Consider working with a professional financial advisor or accountant to help you manage your investments. They can provide valuable advice and help you make the right decisions. By following these best practices, you can make the most of your self-directed IRA and maximize your returns. With the right strategy and guidance, you can successfully manage your self-directed IRA and reach your financial goals. https://inflationprotection.org/how-to-successfully-manage-your-self-directed-ira-real-estate-investors-share-best-practices/?feed_id=70414&_unique_id=63eafb5bc0ec9 #Inflation #Retirement #GoldIRA #Wealth #Investing #NYCrealestateexpo #Realestate #realestatebroker #realestateinvestor #realestatelife #Realestateagent #realestateinvesting #work #SelfDirectedIRA #NYCrealestateexpo #Realestate #realestatebroker #realestateinvestor #realestatelife #Realestateagent #realestateinvesting #work
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