Mike Todd from IRA Innovations talks about self-directed IRAs.
What is a self-directed Individual Retirement Account (IRA)? As real estate professionals, it’s critical that we understand how it works so we can have another tool in our arsenal that can help us provide value to our clients. To shed some light regarding this topic, we’re joined by Mike Todd from IRA Innovations. He will share with us how people invest their retirement plans in real estate.
Feel free to watch the full interview or use these timestamps to browse specific topics at your leisure:
0:00 — Introduction
1:07 — Mike Todd introduces himself
3:42 — What’s a self-directed IRA?
4:16 — Prohibited assets for self-directed IRAs
5:06 — How much of the client’s IRA can you invest in real estate?
5:52 — The IRA law prohibits the individual from personally guaranteeing the loan
6:34 — The difference between conforming and non-conforming loans
6:57 — Do a lot of people have an IRA?
7:24 — Is there an income cap for people with an IRA?
If you need more details about self-directed IRAs, feel free to reach out to me by giving me a call or sending an email. I’ll be happy to help!
