My Self-Directed IRA allows Real Estate Investments!
I've recently started an IRA account with Entrust New Direction in Colorado and I'm very excited about the opportunities going forward. I was able to purchase a real estate property with my IRA and use it as a rental property. Entrust administrates the IRA and my investment property to make sure everything stays legal with the IRS. They perform all the bookkeeping aspects for only $295 a year and I still get to make all the decisions and call the shots. I scored a great deal on a distressed property in the Denver area for $96,000, put about $20,000 into the place, and now it's renting for $1300 a month. My tenant sends the rental check into Entrust every month and it gets deposited back into my IRA - It's genius! I can't believe I didn't do this sooner. If you're tired of the stock market and want to make all your own choices, get ahold of these guys. They've been in business for a long time and have a great rating with the BBB. I did my homework and they check out. Cheers!
corealtorforlife
Lafayette, CO