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Updated almost 14 years ago,
What should I do?
We live in Qatar but our from the USA. We have no Tax presence, always 0. We don't make ALL that much money, but wife and I together pull in about 100k a year, Tax Free, so Probably half of that is invest-able.
We have one property, bought as a security blanket in case we ever had to move back. We have owned it for 3-4 years now, Paid off, Pulling in around $1000 rent a month before taxes/insurance.
We are also considering a self-directed IRA route, since we don't have much liquid at the moment but are eager to get another rental underway! Our Current IRA would only get us 50K or so but we are planning to use Real Estate as our Retirement.
What would you guys do in my situation? We plan to remain Tax Free over here for quite some time.
Thanks,
Shawn