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Updated over 6 years ago on . Most recent reply

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Michael Draper
  • Los Angeles
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5
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Utilizing a ROTH IRA for real estate investments

Michael Draper
  • Los Angeles
Posted

Hello everyone!

New to the real estate investing world (I have one deal under my belt!) and I'm currently soaking up as much information as I can and creating a strategy for the coming months.

I have a chunk of money currently sitting in a Roth IRA. I've heard snippets of people mentioning using their IRA's to help fund deals, but I don't fully understand it. Anyone have any suggestions on some resources I could use to educate myself further? Strategies? Are these people literally pulling out their IRA's at a penalty to fund a deal, or is there something in the funding and it's just used as collateral/safety net? Any help is appreciated! Thanks you!

Michael

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