I’ve taken the plunge. I’m in the process of buying a house within my IRA. (I’d debated a house vs. a condo a while back, and had come down squarely on the side of “no idea what I’ll do”.)
Originally I’d thought I would look for either a house to flip or a condo to rent out, but the price point I had in mind made that a no-go for this area. Instead, I’ve made an offer on a house to renovate, hang on to, and rent out — and the offer was accepted. (That’s the house, pictured above.) » Read more
If you were going to buy real estate as an investment property, would you buy a house or a condo?
Here’s the deal: I’m looking to spend about $75K max on real estate, so that puts me squarely in the range of condo or major foreclosure deal. » Read more
While there are plenty of mistakes that can be made during the process of buying a home, there’s one big mistake that many people make — often without even realizing it — after the purchase is complete.
First-time homebuyers are especially prone to this mistake, but experienced homebuyers aren’t off the hook either. » Read more
I’m going to do it: I’m going to dive in to a self-directed IRA — one I can use to invest in real estate. Truth be told, I’m still a little nervous about the process, but that’s probably because it’s new to me. (Kinda like eating a new food, or traveling to a new country where I don’t speak the language.) Except this time, it involves investing in real estate while making sure to comply with IRS rules and regulations regarding retirement accounts. » Read more