savings

[Jason Phillips]

hi all , i'm not sure this is the right form for my question. i have seven rent houses two of them i'm paying on loan the minimum i can . i maintain 40k repair found in a savings account . i normally save up all income i can until there's enough over the 40 to pay cash for another property . now i no what i'm doing works but it works slowly!!! what i'm wondering is there a way to use roth ira's to save more faster ? or does anyone have a better investing plan ? my goal is to purchase at least 3 more then start paying more towards the loans so that when i'm dept free ill retire and live off the rental income . i'm currently 39 . thanks in advance for any advise .

[Hattie Dizmond]

It sounds like you don't want to use leverage for your investing.  If that's the case, you're going to be limited to how quickly you can save the money necessary for your next purchase.  Yes, you can use the funds in a SDIRA for investing.  However, I would suggest the way to accelerate your investing is to leverage your purchases.  You could be very conservative and only leverage at 40 - 50%, which would make you very popular with lenders.  As long as your properties are all cash flowing, simply point all the cash flow towards paying down the house with the lowest mortgage balance and employ the Dave Ramsey snowball principal.  You should still be able to hit your goal debt free by using the power of the compounding cash flow.  Just a thought.