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Updated almost 3 years ago,

User Stats

283
Posts
152
Votes
Joseph Stern
  • Investor
  • Tampa, FL
152
Votes |
283
Posts

Just Rolled over SDIRA

Joseph Stern
  • Investor
  • Tampa, FL
Posted

Hope all is well, I have been a full time investor for about a year now and I've been investing in real estate for about 2 years altogether. I'm 26 years old and I live and invest in Tampa, but also looking to invest out of state as well. I currently own 2 rental properties and have done about 18 other deals between flips, wholesales, and realtor commissions to give you some context on where I'm at. Prior to that I worked a corporate job and accumulated about $25,000 in my 401k that I recently rolled over into a self directed account. I want to make use of this account but not sure where to start, if I should use it as a down payment on a cheap multi family property in the midwest to produce cash flow but not much appreciation, or if I should use a portion as a smaller down payment on a flip with a partner to try and grow the account larger before I parlay it into a down payment on a large multi family property in an area that could perhaps benefit from both cash flow and appreciation. Of course everything depends on people's personal situations but for investors who are experienced with SDIRA's how would you invest this amount of money? For investors who have been doing this a long time, if you were in my position, how would you go about growing the account? Thanks in advance!

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