Even if you are an experienced Real Estate agent or professional with practical hands-on knowledge about the Real Estate market it is very useful to learn how to invest in Real Estate with a Self Directed IRA.

A good education in Real Estate investing can reap tremendous rewards for your IRA and your clients’ IRAs.

At RPIC our objective is to raise the level of awareness in the marketplace, among both professionals and everyday investors, regarding the lucrative investment options offered by diversifying IRA savings into profitable Real Estate.

As part of our mission to provide practical and result-oriented Real Estate investing training, we have developed a comprehensive step-by-step Manual & CD program Is Your IRA in Real Estate? It Should Be! that walks you through the steps of investing IRA funds in Real Estate, making it simple to understand and easy to do.

There might be a plethora of Real Estate training courses around, but if you are looking for a Real Estate investing book that explains in easy-to-understand language exactly how to invest your IRA in Real Estate, we have just the kind of guide that will serve your needs.

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Open A Self-Directed IRA Account With an Independent Custodian

You can’t simply buy Real Estate with your basic IRA i.e. Traditional IRAs, Roth IRAs, Simplified Employee Pension IRAs (SEP IRAs), Savings Incentive Match Plans for Employees (SIMPLE) IRAs, Education IRAs (EIRA) or Other IRAs unless your custodian specifically handles and allows Real Estate investments.

You need to open a Self-Directed IRA account with a custodian that handles Real Estate investments. Banks, insurance companies and traditional brokerages can help you open a Self-Directed IRA, but, they will limit your investments to the products they sell, manages and earn hefty commissions from.

What you would need to do is open a self directed IRA account with an independent custodian who deals with a “Real Estate IRA”. Not all custodians facilitate IRA investments in Real Estate.

Most IRA account custodians, i.e. banks and brokerage companies limit your choices to certificates of deposit, stocks, mutual funds, annuities, and similar financial instruments, simply because they make their money from the sale of these types of investments.

If you have an IRA that is eligible, but it’s being managed by your stockbroker, we can almost guarantee he won’t approve of moving your IRA into Real Estate because he will lose part of your IRA assets and thereby make less commissions and management fees from your account.

But then it is your retirement you are building, not your financial advisor’s, right?

Choose a Custodian Carefully

It is important to choose a custodian who is well-versed with the types of investments you would like to make because the title to the Real Estate or other investments made by your IRA will be held by the custodian. The title will reflect the name of your IRA custodian with your IRA account as the beneficiary.

Be very sure of your requirements, do your homework thoroughly and then select a custodian who fits the bill. When choosing, you need to make sure that the IRA administrator or custodian has experience in the types of transactions you wish to invest in.

You can find a comprehensive list of major Self-Directed IRA Administrators and Custodians and their comparative fees in our step-by-step Manual & CD program Is Your IRA in Real Estate? It Should Be!

Assemble Your Team of Professionals

Just as the importance of a good education in Real Estate IRA investing cannot be ignored, be it for a beginner or seasoned Real Estate professional, similarly the significance of the role of professionals in this whole process cannot be taken lightly.

If you are planning to start investing in Real Estate through a self directed IRA, the most vital thing to do first is to assemble a team of professionals who know how to do everything the right way. It is not advisable to take shortcuts here. Don’t be “penny wise and pound foolish” as your entire retirement nest egg could be at stake if you don’t invest wisely.

The professionals you need to employ will vary, depending on your overall investment strategy and the individual investments you’re considering.. In your selection process it is highly recommended that you use only professionals with considerable experience in investing IRA funds in Real Estate and personally have real-estate investments. They include:

You can find guidance about how to best use each of these professionals in Is Your IRA in Real Estate? It Should Be! Manual & CD program.

The fees custodians charge vary widely depending on the range and flexibility of services they offer to the account holders. For instance, your custodian may hold Real Estate on your behalf, but not service it (collect the rent, etc.), for which you may have to contract with other providers. This of course, applies when the IRA directly owns the investment.

To cut down on high custodian fees and have more control in their Self Directed IRA account, market savvy Real Estate investors and professionals who know about the virtually unknown IRS code (IRS code Title 26, Subtitle A, Section 408 which Wall Street has skillfully kept from public knowledge for over three decades now) are now increasingly investing not only their own retirement funds in a Self Directed IRA with Checkbook Control and using it to purchase Real Estate and other non-traditional IRA investments but also helping their clients do so.

If you plan to be an active IRA real-estate investor or you’re concerned about maximum asset protection, you may want to consider forming a Limited Liability Company (LLC) with checkbook control, commonly known as “The Checkbook IRA.”

Custodians only set up your Self Directed IRA, not your LLC. You must set up the LLC yourself or use a service company. When the investment is made by the LLC, the LLC can manage and collect the rents. The custodian, however, will hold the membership certificates of your LLC.

Advantages of an LLC

You would create an LLC as the investing entity through a Self-Directed IRA custodian. Within the LLC will be a provision naming you as the manager with sole check-writing capability.

Such self-direction can be a powerful tool in the hands of an experienced investor.

Freedom to write your own checks: Forming an LLC within an IRA gives you (the IRA owner) the ability to write checks for investments rather than having to ask the IRA custodian (the financial institution that holds your IRA account) to write checks—and then paying the required fees.

Asset Protection: An IRA combined with an LLC provides more asset protection from judgments and creditors than just your IRA alone. The assets in the LLC are protected by both LLC and IRA laws and statutes.

Save on Operational Costs: The fees custodians charge you each and every time you need to write a check or complete a debit on your account (apart from annual maintenance fees for each asset you own in your IRA account, quarterly asset fees and transaction fees, fees for issuing an overnight check, etc) can burn holes in your pocket and lower your IRA returns substantially. You save all this money by writing your own checks.

Save Time: More importantly, the risk of losing out on deals is much lower as no precious time is lost awaiting approval from your custodian.

When presented with a great investment opportunity, you can act right away by writing a check from your LLC to purchase the investment product in the LLC's name. Without a checkbook IRA, you would need a letter of intent to purchase from the custodian, which may take 24-48 hours and possibly lose you the deal.

Initially, when you set up an LLC, you will have to bear some upfront costs since you will need a lawyer and possibly a CPA to form the LLC. This is because structuring an LLC is more complex than just transferring funds to a Real Estate IRA custodian.

Your LLC operating agreement needs to be drawn up by a lawyer and it’s probably a good idea to run it by your CPA to ensure that the LLC being created considers both your investment goals and your particular tax situation.

Once you become a Real Estate agent specializing in self directed IRA investments in Real Estate, you can help your clients overcome the hassles of managing their property as well.

Result? Both the agent and the client move fast towards a wealthy comfortable retirement which would not have been possible by investing their IRA savings purely in stocks, bonds and mutual funds.

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