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Updated about 6 years ago, 12/18/2018

User Stats

680
Posts
650
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Meghan McCallum
  • Specialist
  • CHICAGO
650
Votes |
680
Posts

The ONLY way I'm buying real estate currently is through my SDIRA

Meghan McCallum
  • Specialist
  • CHICAGO
Posted

Enough talk about the market, hot cities to invest in, our of state investing...

Guess what. If you are just looking to get started in real estate investing, or you've been buying starting in 2008...the days of shooting fish in a barrel are DONE. Wholesaling properties will dry up. Only the best flippers are still going to "crush" it. Truth be told, I don't trust one damn thing happening in real estate. 

Except...the power of buying real estate using your SDIRA. The timing is almost ALWAYS right to buy when the intention is to hold and save the cash flow for years and years and allow the tax savings and compounding interest let you retire earlier. So, the timing is perfect for you to...save your cash to invest in highly affordable cash flowing midwest properties (yes, you can still get 2% in tertiary Midwest cities...but you should really have a team there who you trust) as soon as the market relaxes. 

Parts of souther FL are seeing booming numbers of foreclosures almost out of nowhere. Some areas are hitting 25% of their housing stock is again...up for sale. Why? Here's my thought.

Boomers are dying and the kids can't keep the payments up. Investors aren't buying as they see the markets cool. Of the boomers who die, their primary homes are likely being sold and their snow bird places are likely falling into foreclosure as they are not selling. That's what happens when you get 0% down loans on properties that people use for recreation. As the purse strings draw tight...the snowbirding stops.

Millennials are also nagged by crushing school loans. So, they aren't supplementing the market as buyers.

So, when the boom ends but you still need to plan for retirement I would buy cash flowing or long term appreciating assets any day!

If you need a resource to learn more about investing in RE using your SDIRA just PM me SDIRA in the topic and include your email. I'm happy to share my  7 month investigation into the industry with anyone who wants to get started.

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