What can YOU Invest in with your self-directed IRA?

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I remember, the first time my folks took me into a REAL ice cream parlor.

I think I was about 7 years old. We were on one of those two week long,
see every tourist trap car vacations (remember those?) and we were passing
through a large city and my parents decided to splurge on a treat for the family.

Walking inside, my young eyes went wide with all of the flashing lights clear
lights, pink and white stripped walls and chairs all drawing me to stand in front
of a 20’ glass case containing the most sumptuous spread of dairy delectable’s
I had ever seen!

Then my Dad uttered a seemingly impossible statement; pick one!

Pick one?

Are you kidding…I had just discovered that Ice Cream came in more than Vanilla,
Chocolate and Strawberry. Now here I was standing there with my breath condensing
on the glass and staring at more choices than my young brain could comprehend
and now my Dad was telling me to pick… just one?

You’ve got to be kidding me!!!!!

I’m seven years old and my Dad was asking me to make what was the most important
decision of my young life- on the spot.

The couple who owned the Parlor took pity on me and with a smile she said I could
sample 3 different flavors in my bowl.

3 choices?

Well, I could deal with that. So another 5 minutes later hastened by my Dad drumming
his fingers on the case, I had made my choice.

Interestingly enough, my bowl of dairy heaven contained Vanilla, Chocolate and Strawberry (go figure).

When you first set-up your Self-Directed IRA you are a kid in the ice cream parlor. You have
so many choices it’s overwhelming, which can cause two different conditions neither of which
are in your best interest.

Knee Jerk and Leap: Defined as- “Oh my gosh, I have to put my money to work right now” and
then jumping into anything to take off the pressure. This often results in your money being
exposed to unnecessary risk.

Or…

Paralysis by Analysis: Defined as- “I need to know every little thing about every little
possibility and then I will make a decision”- which doesn’t happen because you are paralyzed
by your fears of the unknown.

To find a balance between these two extremes, I suggest starting with what you already know.

Have you bought and sold a house before?

Then you understand the process and doing the same in your SD-IRA would be a good place to start?

Have you owned a rental property?

See above

Have you ever hired and overseen contractors while remodeling a house?

Then you could purchase and flip a property.

Don’t have a lot of time to spend acquiring real estate investments?

A great option would be to purchase a real estate note where there is a steady stream of payments
averaging between 10%-12% interest.

Have a good sized IRA?
Loan money to other real estate investors secured by a first lien on the property

Yes, the options are almost limitless…

In the beginning, having an SD-IRA is a lot like a 7-year-old boy staring into a seemingly
endless array of choices.

It can be overwhelming.

There is a famous Rockefeller quote. When asked how to become successful he said; “pick one thing
and do it better than anyone else”.

I suggest limiting yourself to what you know best, just 1-3 real estate investment strategies and
gaining experience and confidence before adding anything else.

By the way, I have a hunch you won’t need to.

Want to learn more about how you can get a checkbook and access your retirement funds to make the investments you want to make NOW???

It’s going to be the best step you will ever take to get your money in your hands BEFORE retirement and watch your funds GROW!

I will be hosting a webinar very soon with the premier expert on Retirement checkbook control and I have personal experience releasing my own funds and investing them NOW at 54 years old.

Register for our webinar Now