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Updated almost 2 years ago,

User Stats

90
Posts
32
Votes
Wesley Myers
  • Rental Property Investor
  • Inlet Beach, FL
32
Votes |
90
Posts

Purchasing STR’s with inherited IRA funds?

Wesley Myers
  • Rental Property Investor
  • Inlet Beach, FL
Posted

I have a unique situation with an inherited IRA from a sibling that passed a few years ago. I could potentially purchase 3-4 units (down payments) with funds from this account over the next few years still leaving a good amount in the account.

My main question is how would you analyze if this would be a good idea or not? Feds get 10% right off the top for whatever comes out of the account but I’m required to take a small amount out yearly as is. I understand diversification of your entire portfolio but would this be a “smart” idea?

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