Using IRA to fund purchases
Hey gang,
I am looking to start using my Roth IRA into purchasing some houses but down have $50,000,000. in there. Is there a good guidline to use to start off with different real estate investments with certain amounts?? I know because I am just starting out that I wouldn't be able to finance a whole house but what can I do with it??
For instance:
$1-$5k dollars invest in tax liens???
$5k- $20k invest in dirt cheap properties??
$20k-$50K wholesale, rehab???
$50k+ Larger wholesale, rehab
$200k+ Apartment rehab.
Any other good ideas for starting out investing with a Roth IRA??
I hope this works out for you!!
Suggest you post your question in a different forum, as this does not seem to be tax related.
Instead, your question is what should I buy with the money I have available to invest? It is incidental to your question that your Roth IRA is the funding source for your deals. Perhaps the "General Real Estate" Forum will give your question more exposure.
if you are still intrested. I saw something on lagrandes page I think. the jist was $1,000,000 in your IRA in a yr. basically use a small amout as ernest money on an option ( all profits can go to the IRA)
it would be intresting to look into.....
[addsig]