Looking to leverage my IRA, suggestions

[Tyrone Alcorn]

I have around 20 grand in my IRA and it just hit me the other day that I could leverage this money to expedite growth while getting into real estate.

Looking for thoughts, suggestions, and/or mentorship with this as this is my first time dealing with real estate.

Should I partner with someone to get a multifamily home?

Or

Use my 20k to be a hard money lender?

I'm all ears.

Thanks!

[Ned Carey]

Holding rentals in an IRA is a poor choice. Real estate is already a tax advantaged investment. By using your IRA you are wasting the advantages of depreciation and the ability to leverage with financing.

Investing in things like tax liens, notes, lending, or partnering is a better use.

I am currently partnering with another IRA and a third party. Each of the IRAs is putting in $20k and the third party puts in the rest and handles management of the project. The way it is structured I could possibly double the $20k and still conform to all the regulations of a self directed IRA.  I too only have $20k in my IRA. I could not have done this without partnering.