We pose a simple question at the top of our website: What if you could use your retirement to invest in real estate tax-free yet stay in full control of your account and pay $0 in transaction fees? It is indeed possible—that is, if you know how to do it. Using a Checkbook IRA LLC, you can make investments within a retirement account with the power of a checkbook. This makes it possible to handle flexible investments with ease, expanding your retirement portfolio to real estate, private companies, precious metals, and even non-recourse lending.
Want to know how it works? Here’s what you’ll have to know if you’re eager to get started.
What’s So Special About a Checkbook IRA for Real Estate?
Imagine being able to use your retirement account to buy real estate tax-free while staying in total control and avoiding those annoying transaction fees. Sounds like a dream, right? Well, not exactly. With a Checkbook IRA LLC, it’s more of a reality than you might think.
This arrangement lets you tap into a world of investment opportunities that traditional IRAs wouldn’t even consider. If you’ve ever wanted the freedom to act quickly on investment deals without waiting for third-party approval or paying extra fees, a Checkbook IRA could be the answer.
How Does It Work?
A Checkbook IRA is essentially a Self-Directed IRA, but with one big difference: the power to write checks directly from the IRA’s LLC account. This means you get to handle your investments on your own terms. You won’t need to go through the typical custodians for transaction approval. Whether you’re buying real estate or investing in a private company, you can make purchases directly—on your timeline. It’s smoother, faster, and more flexible than working through an administrator at all times.
What sets the Checkbook IRA apart from other types of retirement accounts through traditional brokers? It also allows for investments in things you’d never expect, like non-traditional assets. Real estate is the most popular choice, but you can also invest in private lending, precious metals, and even startups. If it’s legally allowed, you can invest in it through your Checkbook IRA.
The flexibility of a Checkbook IRA also allows you to move quickly on deals without needing to wait for approval from an IRA custodian. This is particularly valuable in real estate investing, where the right property can slip away if you don’t act fast. With a Checkbook IRA, you can bypass the delays and jump into investments with minimal hassle.
No Transaction Fees, More Control
Another perk of using a Checkbook IRA is the absence of transaction fees. In a traditional IRA, every time you want to make an investment, there’s typically a fee involved. This might seem like a small amount, but over time, these fees add up, cutting into your potential returns. With a Checkbook IRA, since you’re acting as the trustee of your IRA LLC, you don’t have to pay transaction fees. This means every dollar you invest goes straight to the asset you’re purchasing rather than lining the pockets of a custodian or manager.
It’s a hands-on approach. So the caveat of this approach is that you have to prefer things to be more hands-on. Maybe you’re an experienced real estate investor who wants the tax benefits of retirement investing but none of the drawbacks of working through an administrator without that LLC flexibility. Whatever your choice, it’s all about understanding your strengths as an investor. After all, you’re the one making the decisions when you use a Checkbook IRA.
Want to learn more about how it works? Reach out to us here at TurnKey IRA by dialing our number: 844-8876-IRA (472).
Imagine a life where your retirement investments feel as easy to make as any other investment. Sure, rules are separating the two, but once you have a Checkbook IRA in place, you’d be surprised how natural it can feel to make retirement investments. Interested in learning more? Contact TurnKey IRA at 844-8876-IRA (472) for a free consultation. Download our free guide or visit us online at www.turnkeyira.com.
