Welcome to the Investing in Real Estate Show, the show where we help you become a

smarter real estate investor. I'm Clayton Morris, the founder of Morris Invest, a

full-service rental real estate company,

and I've been a real estate investor for 15 years, and we answer your questions on this show.

So it's great.

We have voicemails.

You get to leave us a voicemail. try to keep them like 30 seconds or less and we

answer them right here on the show that's what we do on this one so what you can do you

go to morris invest dot com slash clayton is how you can leave a voicemail message

ask a real estate or finance related question taxes etc and we will attempt to

answer it on the show so we've got three great questions today from three great

listeners so without further ado let's get into great Where does the money come for maintenance and repairs and expenses?

Does it come out of that account or do you have to pay that out of other monies?

Thanks.

Thank you for that great question, Brian, on self-directed IRAs. Thanks. One of your questions specifically is about the account, the self-directed account when you have to pay taxes, expenses, and those other things.

Can you just pay it out of your own checking account? Can you have your mom lend you some money to pay for it? No, you can't. One of the restrictions of the

self-directed IRA of course is that everything related to that property that's in

that IRA needs to be paid out of that account. So taxes, expenses, if you need the roof

repair, etc. It needs to come out of that self-directed I. R. A. A. account. That is one of the things

it's a little difficult to deal with, but when you have a great

custodian that handles that, you just send them an email and tell them that you need to make a payment to this

particular contractor to fix this roof to pay these expenses these

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