Using my IRA

[Oscar Freiman]

Dear all, I need money to start investing, and the only source of cash is my IRA. So, if I want to use the investment cash flow to make my living, is the only option available to cash a portion of my IRA and pay the corresponding taxes at the time? I do not believe I can do it with a SDIRA since the cash flow will have to be re-invested in the SDIRA and would not be available unless I pay regular taxes.

I'll appreciate your expert opinion.

Thank you for your feedback.

[Carl Fischer]

Oscar Freiman
Look into ways of buying real estate without using your IRA. You can take tax losses with your non qualified money. Do a line of credit, owner financing, assume a loan, or subject to etc. I think it will serve you better and save you if something goes wrong. I would use your Ira after you have some experience.
You may also partner with someone who knows what they are doing. You could start with private lending, possibly with your Ira, but private lending is another skill set you will have to learn. Brian Adams and Dave Van Horn are good people to follow and read in the BP community.