Self-Directed IRA Hypothetical Question

[Jay Kaltenbach]

Buddy of mine asked me this the other day so I thought I would throw it out here for some responses.

You have $500,000 in a self-directed IRA account and you are looking for the best possible investment/investments to grow the account (minimum of 15% per year) in the next 3-5 years.... What do you do?

1.) Purchase an income producing asset (multi-family) and hire property management to run it?

       => This does not necessarily grow the account but could provide steady income in addition to owning the asset?

2.) Purchase a vacation rental property and, again, hire management to oversee it?

      => Same scenario as #1?

3.) Look into ground up development (1-4 units) and sell them off.....or keep as Airbnb properties.

4.) Private money lending?

5.) Any other suggestions?

This probably creates more questions that need answered, and I wasn't sure what to tell him, hence my post here.

Thanks in advance for your input