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Updated over 10 years ago,
Confused- What to do w/a Self Directed IRA?
Hey~
I am new in my REI and starting with wholesaling. I have not gotten my first deal yet.
I currently have 9 offers out from my June marketing campaign and 2 that have responded w/motivation.
I have also recently put 15K in a Self Directed IRA...
I don't have enough in there to buy/hold anything right now. But, I was thinking that I need to put it to work in some type of very short term loan (90-120 days or less)..to make some type of return.
Is that a viable option?
If so, what does that look like.... how should that be structured?
Or,
Should I just wait and put money in as I close wholesale deals to fatten up the pot for later.
I guess I'm confused on what I can do now w/this account to generate a return.?.?.?
Any suggestions would be appreciated...
Thank you!