Revolution RX

A checkbook IRA allows you to have checkbook control of your IRA retirement account. If you’re a real estate investor, you know 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 imagine if you had to get custodial approval every time you needed to cover an expense related to your investment. It can be time-consuming, expensive and downright annoying. This is no way to manage what is arguably the most important asset you have – your IRA account.

Checkbook control means being able to buy materials when you need them, not when you can chase down your custodian for a signature. After all, sometimes the best deals are found “on the spot.”

Having checkbook control means you get to manage your self-directed IRA account to maximize your retirement investment.

How Checkbook Control Expands Your Investment Options?

Other things checkbook control allows. You can invest in practically any way you want. Following is an abridged list of some of what you can invest in with checkbook control: raw land, tax certifications, auto loans, hard money loans, annuities, commercial real estate, factoring – and much, much more.

Checkbook control is the ultimate control over your IRA funds.

Although you can self direct your IRA funds with a self directed IRA custodian, they maintain a strong foot hold in your investment decisions and play a huge role in your ability to pull the trigger on great investment opportunities. However, using a Self-Directed IRA LLC with checkbook control in you are able you to determine when and where your retirement plan and pension plan funds are invested. With a checkbook IRA, custodial involvement and hassles are virtually eliminated, regardless of whether the investments are in securities, real estate or other assets.

In addition, your self directed IRA fees are substantially lowered because with a self directed IRA LLC it is not the IRA custodian who cuts the checks for the property tax and contractors. By utilizing a self directed IRA, your IRA remains free to invest in real estate and other investments without the red tape and administrative fees normally associated when using your IRA to directly make an investment.

The most important step and the key ingredient to having a properly prepared Self Directed IRA LLC is an IRA LLC operating agreement that meets the specific requirements for a Self Directed IRA. You can join this trend by setting up an IRA owned LLC, but before you jump into this popular idea visit with a self directed IRA LLC advisor who can answer your questions.