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Updated about 14 years ago on . Most recent reply

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David Jackson
  • St Augustine FL
1
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Lonnie Deals Using Self-Directed IRA

David Jackson
  • St Augustine FL
Posted

I transferred 25k from my SEP IRA to a self directed IRA, read Lonnie's book and decided this was the best way to invest that money. Have many people on here used their IRA for this purpose, and if so, what advice can be given? I reside in the Tampa area and any success stories for this area would be great!

Most Popular Reply

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257
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Mike Matthews
  • Investor
  • Houston, TX
58
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257
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Mike Matthews
  • Investor
  • Houston, TX
Replied
Originally posted by David Jackson:
I transferred 25k from my SEP IRA to a self directed IRA, read Lonnie's book and decided this was the best way to invest that money. Have many people on here used their IRA for this purpose, and if so, what advice can be given? I reside in the Tampa area and any success stories for this area would be great!

YES, every home I own was from a private lender using a self directed IRA. Honestly thanks to this IRA I have 60k a month I can spend on Mobile Homes. I attend quite a few of these groups yearly and tell EVERYONE in the class what I do, and how I can make them money.

Sorry, I can not give advice about Tampa, I am sure you will figure it out. Just pull the trigger and do not suffer from analysis paralysis.

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