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Updated over 6 years ago on . Most recent reply

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7
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Debb Childs
  • Investor
  • Mesa, AZ
1
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7
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Buying house investments with Roth IRA

Debb Childs
  • Investor
  • Mesa, AZ
Posted

It was suggested that I take my RothIRA and put it in a custodial account and use it to purchase homes to flip?  What do you think?

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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,240
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

@Debb Childs, congrats on your first forum post, I see that you have been a member for over two years, what took you so long to finally participate in this awesome resource??

Brian gave you pretty good overview. I just want to add that retirement accounts are designed to be invested passively, a better use for your Roth IRA money would be to simply be the bank and lend it to another flipper.

  • Dmitriy Fomichenko
  • (949) 228-9393
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