Self-Directed IRA Rental Property Basics | Madison Trust

Purchasing real estate with your Self-Directed IRA opens up a world of opportunities. Learn how to potentially maximize your rental property investments in our short animated video. For a deeper dive on rental property basics, read our blog: www.madisontrust.com/self-dir...
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SCRIPT
In this video, you'll discover how a Self-Directed IRA can help you potentially maximize your rental property investments.
Investing in a rental property can be a rewarding way to generate passive income and build long-term wealth.
What if you could take it a step further and position your rental property investments to be tax-advantaged?
With a Self-Directed IRA, you can!
At Madison Trust, opening a Self-Directed IRA is simple and straightforward.
First, you’ll open a Self-Directed IRA by filling out our easy online application.
Next, you’ll fund your Self-Directed IRA by transferring or rolling over all or a portion of your funds from an existing retirement account. Or, you can make an initial contribution.
You can also consider a type of Self-Directed IRA called a Checkbook IRA to gain “checkbook control” of everyday transactions involving your rental property.
To set up a Checkbook IRA, you’ll first open and fund your Self-Directed IRA with Madison Trust.
Next, you’ll open a business checking account in your LLC’s name.
Once your account (whether it be a Self-Directed IRA or Checkbook IRA) is opened and funded, it’s time to invest in the property of your choice.
When buying real estate through your Self-Directed IRA, it’s important that the realtor or title company lists your custodian as the buyer for the benefit of your IRA.
This will help streamline the transaction and ensure your property is held within your Self-Directed IRA.
Once you’ve purchased a rental property, all transactions related to the property, including rent collection, expense payments, and contractor hiring, should be facilitated through your Self-Directed IRA.
Whether you're a seasoned real estate investor or just starting out, Madison Trust is here to support you throughout the process.
Call today to learn more about investing in a rental property with a Self-Directed IRA or Checkbook IRA!
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