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Using a self-directed IRA is one of my favorite ways to buy real estate. However, I don't believe in a one-size-fits-all investing strategy. To help you determine if a self-directed IRA is right for you, I'm going to run through some of the pros and cons of using a self-directed IRA to invest in real estate

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The pros:

1) More freedom and more control. This is truly what makes the self-directed IRA stand out from any other retirement plan. The self-directed IRA is flexible and allows for a wide variety of asset types, including real estate. I love that I can choose the specific investments that make up my retirement portfolio... I'm not relying on some financial advisor or company to choose my investments for me. I do have another video that goes into some of the specific investment types you can use, but for the purpose of this video, the self-directed IRA allows you to buy real estate, and for me, that's a huge win.

2) Higher returns. When you invest in a regular stock-based retirement plan, you're vulnerable to the swings of the stock market. But because you have more control with a self-directed IRA, you can choose tangible assets with a potential for higher returns & protection from the stock market.

3) Tax-free growth. In addition to the tax benefits of a traditional IRA, a self-directed account has an added bonus. All income that you make inside of your self-directed IRA grows tax-free.
4) Easy to set up. A self-directed IRA can be set up over the phone in about 10 minutes, and it's simple to fund the account or transfer funds from an existing 401k or IRA.

The cons:
1) It's not a cash flow strategy. If you're investing for immediate cash flow, a self-directed IRA is not the path you want to go. This is a retirement account, so you won't be seeing any cash in your pocket for a while..

2) Strict rules and regulations. In order to protect the tax-free status of the account, the IRS runs a tight ship. There are a lot of rules in a self-directed account, so if you're not a rule-follower, this strategy might not be right for you.

3) No hands-on approach with your property. While in many ways you have more control with a self-directed IRA, there are some ways in which you actually have LESS control with your actual investment. The IRS prohibits sweat equity, meaning you're not able to do any work on your property. The IRA must hire and pay someone to do any repairs. If you're the kind of investor that likes to do-it-yourself, you may want to consider a different investing strategy.
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#morrisinvest #claytonmorris #realestateinvesting

Clayton founded Morris Invest that builds portfolios for their clients and guides them through the buying process, ensuring cash-flowing investments. In his podcast, Investing in Real Estate with Clayton Morris, he offers specific and actionable ways to have financial security and to build a meaningful life. Clayton Morris co-hosts Redacted with his wife, Natali, bringing you news you won’t hear on major networks.

Website- https://morrisinvest.com/
LinkedIn - https://www.linkedin.com/company/morris-invest
Twitter - https://twitter.com/Morris__Invest
Facebook - https://www.facebook.com/MorrisInvest
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

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