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Updated about 9 years ago on . Most recent reply

User Stats

91
Posts
35
Votes
Dan Marriggi
  • Rental Property Investor
  • Scranton, Boston
35
Votes |
91
Posts

Use Your IRA $$ to Make MORE

Dan Marriggi
  • Rental Property Investor
  • Scranton, Boston
Posted

Merry Christmas weekend all. I've been reading about lots of "creative" ways to buy properties. 

Credit Cards seems to be a big one, and yes they do work and I have used them to purchase one home. 

My favorite technique, which can only be used once per calendar year, is the 60 day no penalty loan from your IRA. I have purchased two homes using this creative technique and made a minimun of 30% on my money each time. A heck more than if I'd left it in the stock market.

Like the CC technique, this technique must be well planned ; if you are late returning the "loan" the IRS will be taking a lot of money from you.

Enjoy the weekend.

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