Use your Self Directed IRA to Buy A Storage Facility

If you are looking for a stable investment that does not require too much oversight in which to place some of your IRA’s funds, a storage facility can be a great option. Because there are some recurring expenses however (like the electric bill and labor costs), a self-directed IRA is usually preferable for this type of investment. If you have to pay custodial fees every time your IRA pays the electric bill, your profit margin can decrease significantly.

If you are looking for a stable investment that does not require too much oversight in which to place some of your IRA’s funds, a storage facility can be a great option. Because there are some recurring expenses however (like the electric bill and labor costs), a self-directed IRA is usually preferable for this type of investment. If you have to pay custodial fees every time your IRA pays the electric bill, your profit margin can decrease significantly.

Storage facilities also usually have fewer associated costs than do properties that will be occupied by people rather than things. Operating costs for a storage facility are far below the operating costs of resort hotels or office towers. Non-recurring costs like repairs and renovations are also usually spaced much farther apart and are usually less costly. On the other hand, rental prices per square foot can be less, too.

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