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Your IRA and 401k Can Buy a House! Five Ways to Become a Landlord on Someone Else’s Money
You know that this would be a great time to get into investing.  You know that mortgage rates are down.  You know that the millions of people losing their homes to foreclosure can’t stay on their mother-in-law’s couch much longer. And you know that sellers are bargaining when a buyer finally does walk through the door.
Why not buy a rental property?
Yes, I know.  You’re thinking:
I don’t have any money for down payment or fix up costs I don’t think I’d make a good landlord My credit score is too low to qualify for a loan My investment adviser says she doesn’t offer that Moving your account to a Self-Directed administrator who will facilitate such an investment is easy - getting your head around the rules regarding IRA purchase of property is a little harder.
The first thing you need to do is look at your IRA (or 401k) as a separate person or entity.  If it’s easiest just call your IRA, “good old Uncle Ira.”
Uncle Ira can buy you real estate, and Uncle Ira can hold it for you.  Uncle Ira pays all of the expenses out of his pocket for any work that needs to be ... more

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