|
As In Sports You Can Also Warm Up In Real Estate
If you're hesitant to begin your real estate financial education by "wheeling and dealing" in properties, you can choose to go on "warm-up" mode. One way of warming up without feeling that you're diving head on into uncharted waters is by purchasing some shares issued by a private real estate investment trust (REITs) which you've may have heard about. Private REITs are companies that typically own and manage large undertakings like warehouses and shopping centers and office buildings. If you are keen on IRA wealth building strategies, a smart maneuver would be to own shares in several private REITs. Your self-directed IRA adviser should be able to come up with a short list. However, history has proven that investing in the real estate market - selling/buying and managing properties - will give you an edge over passive investors who stick to more traditional ways of investing. So ideally you'd have private REITs in your portfolio when you're in your 20's and 30's. By the time you hit your 40's and 50's, and begin to feel that real estate runs in your blood, you may want to take a more aggressive stance by buying and selling within your IRA and still be able to enjoy tax-deferred growth.
About the Author Joshua Geary is a sought after writer for several blogs and websites. His article "What Your Financial Planner Has Not Told You About A Self Directed IRA" has been read by over 5,000 readers. Learn the benefits of setting up an IRA LLC so you can purchase real estate notes with ease at http://www.MyRealEstateIRA.com.
|