By J.P. Dahdah, Founder & CEO of Vantage
Every savvy investor knows that the best time to invest in real estate is when the market is down, and the properties are sold for a discount. With a Self-Directed IRA at your disposal, you can now do this with ease.
So, how can you invest in real estate using a Self-Directed IRA? Here are some easy-to-follow steps to get you going in the shortest time possible.
1. Find a reputable company that manages Self-Directed IRAs. A Self-Directed IRA enables the investor to make investment decisions without the investment choice restrictions of a Brokerage IRA. If you’re going to invest in real estate, then be sure to choose an IRA company with specialized expertise in the field. That way, you can complete transactions faster, giving you the edge in timely critical investments.
2. Open a new account and request to have your funds transferred from your Brokerage IRA. You can immediately fund your Self-Directed IRA within three business days after opening the account. To share your Brokerage IRA funds to your Self-Directed IRA, complete an IRA Transfer Form available through Vantage. Once your SDIRA is funded, immediately put your savings to good use by executing a Buy Direction Letter to fund your new real estate acquisitions.
3. Ask for real estate investment opportunities in the area or enlist the services of a broker to help you find great deals. Once your Self-Directed IRA is funded, you can begin buying properties on a tax-advantaged basis.
For more information on how you can discover your IRA investing alternatives, contact our team at (866) 459-4590 or Info@VantageIRAs.com.