HELOC or Self Directed IRA

[David Slamer]

I am looking to get some insight on the advantages/disadvatanges of using a primary resident HELOC vs. self directed IRA to fund my first purchase.

Currently, I have a 45k HELOC and about 50k in a Roth IRA that I have set aside transfer to a self directed IRA. I have spent the last couple of years reading, listening, and researching to develop my long term goal. Currently, I would fall in the newbie category that Brandon and his guest talk about all the time in that I have froze when it comes to purchasing.

I am in the Dayton/Cincinnati market and my long term goal is generating cash flow with a buy and hold or BRRRR strategy. Ultimately, I would like to parlay the monthly cash flow to fund the purchase/payment of a lake home/rental where we currently keep our boat.

Thank you in advance!