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So what is a SDIRA?-I have never heard of it.

posted Aug 12, 2013, 5:12 PM by Aaron B Lewis   [ updated May 2, 2014, 5:37 AM ]
Weekly I encounter individuals who are looking to buy investment property in Detroit, from locals to internationals, novice to experts. I share with them how I raise money and create WIN/WIN/WIN deals for my partners, investors and end buyers/tenants through Self-Directed IRA's.

Most of the time they have never heard of a SDIRA. This post is to give a quick overview.

If you have worked the chances are your employer at some time offered you a 401k plan. when you leave that employer you can roll it over to a qualified plan (most common is an IRA-Individual Retirement Account, NOTE: Regardless if your employer offered one you can always at anytime take cash and simply open an IRA) with a financial institution like Fidelity, Merril Lynch, Scwhab, local banks even now offer them. You can choose your investment from the list of stocks, bonds, mutual fund, ETF's offered by the institution.

The difference between that and a Self Directed IRA  is that with a Self-Directed
    1) YOU direct the investment


    2) The list of things you can invest in is limitless (less a few per the IRS code, like art and race horses)

That leaves alot of things YOU CAN invest in, (alot more options and opportunity then the list you have from the above mentioned institutions) like promissory notes, tax liens, tax deeds, companys (LLC's), real estate, etc.

View a real life example how I assisted my client investing their SDIRA in real estate and the returns their IRA receives

Here are some links to some SDIRA Custodians so you can gain more insight...