Using Self Directed IRAs to Invest In Real Estate

Using Self Directed IRAs to Invest In Real Estate

Hey there, fellow adventurers in the realm of real estate and entrepreneurship! Today, I'm taking you on a thrilling journey with an exclusive interview featuring the one and only Corey Daharsh, the self-directed IRA wizard. Buckle up as we dive headfirst into the fascinating world of self-directed IRAs, where the limits are as boundless as the open road!

Picture this: a vast landscape of investment opportunities stretching before you, far beyond the horizon of conventional retirement accounts. That's precisely what self-directed IRAs offer - the freedom to explore a diverse array of investment avenues. Say farewell to the mundane world of stocks and bonds; with self-directed IRAs, you can venture into real estate, private loans, precious metals, private equity, and more!

Corey Daharsh, our guide through this exhilarating expedition, reveals the key to unlocking the potential within your investment funds. With self-directed IRAs, you're no longer confined to the narrow trails of traditional retirement accounts; instead, you can forge your own path and blaze a trail toward financial prosperity.

Now, you might be wondering, what sets self-directed IRAs apart from the rest of the pack? Corey spills the beans, explaining that these IRAs grant you greater control over your investment choices. While only about 4% of retirement funds currently embark on this adventure, it's time to join the ranks of the daring 4% who dare to break free!

But hold your horses, fellow explorers, because this journey requires some savvy navigation. Corey's got you covered with expert advice on conducting due diligence. As any seasoned adventurer knows, you must research and understand the territory you're venturing into. Corey stresses the importance of being well-prepared, especially when venturing into assets like real estate or private loans.

And guess what? Corey's not just any tour guide - he's a master of the road less traveled. While he can't offer financial, tax, or legal advice, he'll guide you through the IRS rules and regulations so you can confidently chart your course. With Corey's help, you'll stay on the right side of the IRS and ensure your investments are smooth sailing.

Now, attention all entrepreneurs and risk-takers! Self-directed IRAs are tailor-made for you! Corey shares how these IRAs are a perfect match for those with an entrepreneurial spirit and a hunger for more investment choices. Dive into syndications for a more passive approach, or take the wheel and get hands-on with other opportunities. The choice is yours, my fellow adventurers!

But wait, there's more! For our younger investors seeking the treasure of tax-free growth, Corey advises considering Roth conversions. Picture it - watch your wealth grow without a single cent being taken away by taxes! That's the pot of gold waiting for you at the end of this thrilling expedition.

Now, let's plot our course to embark on this exhilarating journey. Setting up a self-directed IRA is a breeze, with a simple application process taking just 15-20 minutes. Picture yourself filling out that form, and before you know it, you're on your way to new investment horizons!

But, dear explorers, always remember to pack your financial wisdom and foresight. Corey reveals the secret to minimizing fees on your adventure. Annual fees depend on the number of investments held, so budget wisely to keep your expedition costs in check.

As we venture deeper into the heart of self-directed IRAs, we encounter the junction of traditional and Roth IRAs. Corey enlightens us on the differences - tax-deferred versus post-tax funding and the sweet, sweet reward of tax-free distributions for Roth IRAs. It's like finding hidden treasure in the investment world!

But, alas, even the most daring explorers must face obstacles. For those currently employed, Corey unveils the challenges of transferring funds from employer-sponsored plans. Fear not, intrepid travelers, as Corey provides guidance on overcoming these hurdles.

But what truly sets Corey apart is his personal quest for financial freedom. He shares his dream of acquiring a property within his self-directed IRA, building a treasure trove of real estate assets for the future. It's the blueprint for securing his child's financial legacy - a legacy built on freedom and purpose.

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Don't forget to reach out to Corey Daharsh:
Youtube: https://www.youtube.com/@AdvantaIRALargo
Linkedin: https://www.linkedin.com/in/coreydaharsh/
Website: https://www.advantaira.com/

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