What would you do with $100,000?

[Collin S.]

Just for fun, let's assume you have $100,000 in your IRA . What would you do with/where would you put the money to work (real estate or not) if you had aspirations of being financially free in 10 years?

What do you guys think?

[Joe Villeneuve]

Originally posted by @Account Closed:

Originally posted by @Collin S.:

Just for fun, let's assume you have $100,000 in your IRA . What would you do with/where would you put the money to work (real estate or not) if you had aspirations of being financially free in 10 years?

What do you guys think?

Obviously that is asking the wrong question or people would have answered. How about, "Can I buy a house for $100,000 and make it cash flow" or "Do you know a way I can take $100,000 and buy 4 houses that cash flow?". The answer is "why, yes, I do. Use the money to buy subject to or with wraps and sell to tenant buyers". But, that is not an accepted course of action on BP because people are so enthralled with banks that they like to give banks 20% of their available money for the honor of borrowing money from the bank. Seems silly, I know, but just read the posts. However, Smart people are taking a different tact and leveraging their money. Let's just assume you are a smart investor who needs to invest his IRA and wanted to be financially free in 10 years. Don't do it the way everybody else is doing things. Do things the smart way.

 Do you get many nose bleeds at that altitude?

Anyway, there are a lot of things you can do with $100k in your IRA...but you can't invest in RE if your intention is to CF and use that money outside of your IRA. You and your IRA are completely different entities. If you invest using your IRA, and spend the CF outside it, you will break the IRA. Vegas Rules apply here..."what happens in your IRA stays in your IRA".

However, you can loan the money from it to someone else, keep the loan money inside the IRA, and have someone else do the same to you. The loan is much preferred over the owning that same RE. There are less headaches.