Question: Is it
expensive to have a real estate IRA? Won’t I have to pay a ton of custodial
fees to manage a real estate IRA?
It’s not expensive to invest your IRA in real estate. At New
Direction, we have a structured fee schedule so you’ll know exactly what you
have to pay and when. These fees include a one-time startup fee and no fees
until you make your first transaction.
Some people say that because brokers and banks generally
only allow traditional investments in your IRA like stocks and bonds, that
non-traditional investments somehow cost more money. But any account has costs.
We encourage you to do your due diligence and check out fee schedules for
securities-based IRA providers and compare that with how much money you can
make with a smart non-traditional investment in real estate or precious metals.
If you want to hold real estate with your IRA, you’ll have
to find a provider like New Direction that specializes in holding real estate.
There will be different costs than those charged by traditional IRA providers,
but we’re confident our fees are competitive—and many times they are lower. In
short, you don’t need to pay extra for the privilege to invest in
non-traditional assets like real estate with your IRA.
Like all investments, due diligence is required to decide
what will work best for your IRA and its investments. New Direction IRA can
help with the administration and bookkeeping of your IRA, and will ensure your
transactions and/or conversions are done according to IRS code.
Browse our website for more answers to the most common questions and
concerns we receive. New Direction IRA is committed to providing you with the best
education so you can self-direct your IRA successfully.
