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Updated almost 5 years ago on . Most recent reply

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121
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62
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Troy Forney
  • Appraiser
  • Valparaiso, IN
62
Votes |
121
Posts

Retirement plan, all in with real estate or diversified portfolio

Troy Forney
  • Appraiser
  • Valparaiso, IN
Posted

Hey everyone. As most of you probably know they are allowing you to take from your IRA up to 100K and pay it back over 3 years with no 10% penalty. If you don't pay it back, you just pay taxes on it. Of course I am thinking hmm. Many options... We have currently 6 successful rental properties. Good cash flow, 50% LTV, etc.. I have been a full time appraiser for 20 years and investing for about 15 years. I am really thinking just go 100% with the rentals and the hell with the stock market. Also hoping to start seeing some deals again in the not so distant future. I don't plan to pay the money back so 22 to 24% taxes on that. Averaging 15% return just on the rents. Keep it diversified stocks and rentals or go all in with real estate. Any advise would be appreciated.

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17,775
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Chris Seveney
  • Investor
  • Virginia
15,304
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17,775
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Troy Forney

I would not recommend going all in with just real estate. I forgot who said it, but the number one is the worst number. Premise behind it is if you put all your eggs in one basket it will eventually cost you.

  • Chris Seveney
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7e investments
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