Consider a self-directed IRA to fund your real estate purchase
Over the last few years I have been learning how beneficial self-directed IRAs can be when used appropriately. If you have money in a 401k or IRA you may consider looking into using that money in a self-directed IRA. One thing that I love about it is that you have total control of your IRA. You can choose the investment you want. You can see it and touch it. It is a hard asset! As opposed to, in my opinion, a more volatile market in stocks and mutual funds. I may be a little biased since I have been investing in real estate for over a decade now. That brings up a really good point that if you are going to use a self-directed IRA I would make sure you are making a wise decision in your real estate purchase. I also love that you can get a "non-recourse" loan for the property which means you are protected from the property if something goes bad. Furthermore you may be able to partner your IRA with other investors as a way to share the ownership of an investment property.
Hopefully this gives some interested investors out there some new ideas.
Over the last few years I have been learning how beneficial self-directed IRAs can be when used appropriately. If you have money in a 401k or IRA you may consider looking into using that money in a self-directed IRA. One thing that I love about it is that you have total control of your IRA. You can choose the investment you want. You can see it and touch it. It is a hard asset! As opposed to, in my opinion, a more volatile market in stocks and mutual funds. I may be a little biased since I have been investing in real estate for over a decade now. That brings up a really good point that if you are going to use a self-directed IRA I would make sure you are making a wise decision in your real estate purchase. I also love that you can get a "non-recourse" loan for the property which means you are protected from the property if something goes bad. Furthermore you may be able to partner your IRA with other investors as a way to share the ownership of an investment property.
Hopefully this gives some interested investors out there some new ideas.