I get asked this question from time to time, and the answer is a definite yes! And..there is over 1.3 Trillion dollars out there in IRA's. If you are like many, you really don't understand how to intelligently invest in the stock market, and simply sit back and watch it go up and down. Too often there is more down than up!!
You can use IRA dollars to purchase real estate and keep it in a trust. Check out Pensco.com to see how to do this. The regulations are pretty tight, but the rewards can be huge. Also, Patrick W. Rice has a book out titled "IRA Wealth" which is an excellent reference to this use of IRA funds.
If you take some, or all of your IRA funds and start buying well priced investment properties, either to flip, or to hold, you can start to really improve your retirement picture. Real estate values are at historic lows and this lends itself to being one of the best times to start investing in ourselves.
I have started looking for investment properties for my wife and myself, and will let you know how the experience goes. Are any of you using this same investment practice? How is it working for you? Any pitfalls for us to watch out for?
Comments(7)