retired & want to invest

[John R.]

I'm on the central coast of California, retired and want to invest in real estate, as my iras and credit union account are rapiding declining with inflation, fees and taxes.

My idea is to invest in 1 income property, perhaps a SFR, then obtain a 2nd one a year later when the 1st property is stabilized. I am open to other types of real estate investing, provided they can lead to owning income properties. I am open to investing out of state, but might feel more comfortable in the same vicinity, as I prefer to avoid excess traveling. However there is the remote possibility that I might want to move somewhere else.

One third of my money is in the credit union, two thirds in the iras, and my home is f&c. I'd like to know if it is productive to invest in an income property from the ira, or should I take the money out first, and what part of the forum is the best to post about this plan.