Home » Real Estate Forums » Real Estate Investing » Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More

what property type would you suggest for a IRA

Posted on: Sat, 09/03/2011 - 20:08
what property type would you suggest for a IRA

Hi there - I'm moving out of the stock market and into a self directed IRA to purchase my first investment property. My goal is to have cash flowing properties funding my IRA. We will reach retirement age in about 20 years. My current balance is only $15k. With this information in mind I was thinking a multifamily would be a good idea. Any input would be appreciated.

Thank you

Dave

__________________


Posted on: Sat, 09/03/2011 - 23:41 #1
Hey Dave

multi-fams are an awesome start. That's where I started and haven't looked back. Don't know what area you are looking in but I have closed on 1 and we have 5 others under contract and still looking. Good luck.

__________________

"Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude."

Shaun Omar
DSD Investor Group Inc

www.dsdinvestorgroup.net
www.decoscapesinc.com
http://h1.flashvortex.com/display.php?id=2_1315708016_24517_144_21583_70...


Posted on: Sat, 09/03/2011 - 23:42 #2
I posted a thread

on multi-unit props. It was an article by Dave Lindahl and might be of interest to you.

__________________

"Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude."

Shaun Omar
DSD Investor Group Inc

www.dsdinvestorgroup.net
www.decoscapesinc.com
http://h1.flashvortex.com/display.php?id=2_1315708016_24517_144_21583_70...


Posted on: Sun, 09/04/2011 - 19:50 #3
Property type Suggestion IRA

I think the best return for an IRA or 401k is a tax lean or tax deed. Returns are any where from 12 percent to 32 percent depending on county and state. Best as safest realestate deals around in my opnion. You can find SFR to Miltifamily for pennies on the dollar.

__________________

" Not Having a goal is more feared than not reaching one"

Christa Niven


Posted on: Mon, 09/05/2011 - 15:28 #4
it just depends

the ira is obviously just a vehicle to investing. what area of investing is completely up to you. With only 15k you will be able to control more real estate with tax liens than anything else. However to build up your ira the fastest I reccommend flipping houses with the ira, all profits would have to go back in to the ira, but if you could do a few a year you could increase your balance by tens of thousands a year.