Just saw a story about IRA's and foreclosures. You can actually use your IRA to buy a foreclosure and do a lease purchase back to the renter/buyer. The money is still in an IRA so you can't write off any loses. You also can't do this for a immediate family member. The man in the story had bought his friends house and was leasing it back to him until he could get a mortgage and buy it back. Be careful as you can lose a good friend if things don't work out.
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