Making my money work for me

[Kyle Hussey]

Podcast 49 got me thinking...I know you can take money out of an IRA without penalty if it's a first time purchase and bla bla bla. My question is this:

If I have enough money cash to put the 3.5% down on a first home purchase, Would it make sense to save the IRA money (if I moved it to a self directed IRA) for later investment purchases? Is that even possible? Obviously I am trying to avoid any penalties. Thanks guys!

[Kris Haskins]

hey kyle, yes.... I love when it seems like a light bulb comes on as it did for me years ago... the most powerful force in real estate is the fact that ur $ can work for u 24hrs a 7 days a week everyday all day anywheres in the country and world..... I get chills when get a chance to put this stuff together..... so... as for u, young jedi..... none of us can tell u whats best for u but I will say from my experience, ive learned for me its best to live off the eggs of golden goose as opposed to killing the goose.. once ur $ are sunk into a house, u can either live in that house or collect rents or flip it. The main reason I use my sdira is so im forced to reinvest the funds. Im literally forced to use those funds for real estate or some other investments and it always tax free for life. The good thing about the roth is that u can also partner with u own ira to make deals work. I hope this helps and pls vote for my post after reading...