Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 12 years ago,
How to best use my self-directed IRA
Hello everyone.... I am a relatively new real estate investor looking for some advice/recommendations. I am in the Columbus OH area and would like to know how to make best use of my self-directed IRA. I am seriously considering the "buy and hold" route so that I can create a portfolio of properties that will provide passive income down the road and I would like to retire from my full-time J.O.B. in the next 7-10 years (definitely closer to 7). I am not sure whether to use the IRA to pay cash for a property or try to get a loan somewhere? I have used my IRA in the past to do a fix and flip a couple of years ago and currently I have some of it invested with an investor here in Columbus.
Also, when looking and properties for the "buy and hold" strategy should I be worried about the ARV or Cash Flow...... I guess that depends on how I purchase the property?
Thanks for letting me ask and I hope these questions are not too "dumb".
Jay