Investing In Foreign Real Estate with a Self Directed IRA
A self-directed checkbook IRA gives you checkbook writing privileges on your individual retirement account (IRA). This means you can invest in foreign real estate with your checkbook IRA if you so choose.
A self-directed checkbook IRA means you don’t have to consult with an account custodian every time you want to access funds as they relate to your real estate investment. Whether it’s putting a down payment on a real estate investment overseas, or consulting a real estate attorney to guide you through the international investment waters, you can don’t have to get “permission” from anyone on how to use your money.
Why Investing in International Real Estate Represents the Best of a Global Economy
Investing in real estate with your self directed IRA represents the best of what a global economy is all about. No longer are the best deals right in your back yard. Many financials now tout that foreign markets that trade in everything from real estate to energy resources are some of the best investments around.
Reap the Rewards of the Cyclical Real Estate Industry by Investing Internationally
Real estate is a cyclical industry – whether it’s here in the United States, or in Latin or South America. What goes up will come down. One only has to track patterns from years gone by to see that. You can use your checkbook IRA to reap the rewards of the cyclical real estate industry by investing internationally. How? Quite simply by taking advantage of deals in hot markets.
For example, if you live in Seattle and the market is not favorable there, you may be able to pick up some great deals in Argentina or London or Dubai. With a checkbook IRA, you can capitalize on opportunities beyond U.S. borders. Investing abroad not only brings more lucrative opportunities your way, it adds depth to your retirement portfolio. And, this is the advantage of investing in a global economy. That’s the power of a checkbook IRA.
