Buying my own property with a self-directed IRA.

[Michael Nguyen]

Hello all,

My name is Michael, and I am totally new to real estate investing. Although, I do own one rental property in CA.

My long term goal is to acquire more rental properties and flipping houses. I have never flipped a house before, have no clue how to start, and quite fearful of taking that first step!  Anyhow, that is something I must push myself to overcome!

After months of reading up and learning everything I can about real estate investing, I have decided to open a sel-directed IRA to start my REI Venture. I am curious as to whether I can use the self-directed IRA to buy my own house?

Any feedback, opinions, or guidance would be greatly appreciated!

[Ruth Lyons]

Welcome to BP. A few years ago, I transferred my IRA to a self-directed IRA and now have 3 rentals producing monthly income. I wrote an article about my experience for investorjunkie(dot)com. You can google it (not allowed to put the link here).

Ruth Lyons