Brad remembers, “There was definitely a little learning curve when trying to learn how the process works and make sure the paperwork is acceptable.” Equity Trust’s dedicated investment liaisons helped smooth out this process for him, and now he says he has a good feel for the process but takes solace in the fact that the liaisons are there when he needs them.
The success from his first deal has inspired Brad to make tax liens his specialty. “It’s not the most popular or well-known strategy” he says, “but something I can invest in with very little cost and, if you do your homework correctly, you can mitigate your risk and make some good profit.”
Brad’s advice to fellow investors is to “keep it simple. Sometimes the simpler strategies work better than the real advanced ones. If things make sense and you’ve done your homework, you’re probably making a good decision.”
Brad is a shining example of a client who was a beginner when it came to the world of investing in alternatives, but has done his homework and found success in his first self-directed investment. He’s excited to put that newfound knowledge to use with future investments.
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1What investment options are possible with an Equity Trust account?
Some of the investments Equity Trust clients make using their self-directed accounts include real estate, tax liens, digital currencies such as Bitcoin, private lending, purchasing notes, private placements, precious metals, forex and other investment options that are permissible under IRS guidelines.
2Can my IRA purchase real estate that my corporation, partnership or LLC owns?
No. This is considered a prohibited transaction (see IRC 4975).
Case studies are provided for illustrative purposes only. Past performance is not indicative of future results. Investing involves risk including possible loss of principal. Information included in the above case study was provided by the investor and included with permission. Equity Trust Company does not independently verify all information provided by third parties.