Gold 401K

Different Ways of Investing With Your Self Directed IRA

Today I want To talk about different ways of making money with your self directed IRAs, for example, buying tax liens from the county. A tax lien is issued by the county on a house owned by someone who can’t pay the property tax and the ensuing tax penalties. Practical investors buy the liens from the county using their IRA and earn a return from the homeowner when the lien is paid off, (including interest) or if the lien is not paid the investors IRA ends up owning the property.

A friend of mine used his self directed IRA to purchase a tax lien for around $600.00 on a property worth approximately $40,000.00 to $45,000.00 the owner failed to pay the tax lien off and my friends IRA ended up owning the house. He told me that normally he makes approximately 15% to 20% off of his tax lien deals. Not bad money for short term investments. Also you don’t need a lot of money each deal, that is a good incentive is it not, especially if you are just starting out with your IRA

Another person I know makes money by buying vacant land and selling it off as quickly as he can. Sometimes you can secure a deal where you can make a good bit of money in a relatively short period of time. Again buying vacant or bare land can get your foot in the door when you are just starting out. Another person I know buys hurricane damaged houses using his self directed IRA and rehabs them. Sometimes you can buy houses for a few hundred and sometimes you can buy them for a few thousand, there are literally hundreds of ways to turn over money using your self directed IRAs, and not having to pay tax or to have your tax deferred, really helps build up your retirement fund.

This is just some of the things you are allowed to invest your IRA in: (1) Residential real estate including homes, apartments and duplexes. (2) Bare or vacant land. (3) Commercial real estate. (4) Mortgages. (5) Tax liens. (6) Limited partnerships, (7) limited liability companies. (8)Foreign currency. (9) Gold. (10) you can lease equipment. (11) oil and gas.

A friend of mine that works for a IRA management trust was telling me that when you are not bound by what your IRA custodial company offers, you can invest your IRA money in some ingenious and interesting ways. Some people buy warehouses and send them off for a nice little profit or they lease them out. One music teacher leases musical instruments to his students through his self directed IRA. Some people lend money from their IRA through a limited partnership that lends money to investors to rehab houses, or the partnership lends money to individuals that need the extra funds to buy a house, Indeed you can invest your IRA in many many ingenious ways.

If this all seems too hard or complicated or even too much trouble and you need a simpler more TURNKEY approach, take a little trip to the resource box at the end of this article, click on my url and go to my website, there you will find more information on both self directed IRAs and real estate.

About the Author

Gordon Hall is an ardent reviewer of IRAs and other retirement funds. Visit his website now at http://www.double-your-ira.com to discover which retirement funds Gordon recommends after far ranging and extensive comparisons.