What Does Checkbook Control Of Your IRA Mean?
A checkbook IRA allows you to have checkbook control of your IRA retirement account.
If you’re a real estate investor, you already know investment expenses can add up quickly and easily. A few trips to Home Depot, a few calls to your handy man and one simple mistake by an inexperienced contractor means money, money, money - right out of your pocket.
Now consider for a moment the thought of having to get approval from your IRA custodian every time you needed to pay an expense related to your investment. It can be time-consuming, expensive and downright annoying, especially if you are up against a deadline. This is no way to handle what is arguably the most important asset you have or is it? After all, sometimes the best opportunities are found “on the spot.”
Checkbook control means being able to buy supplies when you need them, not only after you have caught up with your custodian for an approval and a signature. As you probably already aware, some of the best investment opportunities are made light years before others find out about them. Without checkbook writing privileges, great investment opportunities could be lost forever. This issue alone could cost you potentially thousand of dollars.
What Does Checkbook Control Of Your IRA Mean?
Having checkbook control means you get to manage your IRA retirement account to maximize your retirement investment. Checkbook control of your IRA gives you the ability to invest in practically any way you see fit. The following is a short list of what you can invest in with your Checkbook IRA: undeveloped land, tax liens, hard money loans, private notes, commercial real estate, discounted paper - the list is practically endless.
As you can see, a Checkbook IRA gives you the ultimate ability to truly diversify your IRA funds. Explore more with a self directed IRA advisor. Call Truly Self Directed IRA (TSD-IRA) today to learn more at 877-339-4559.