Turnkey Property in a Self Directed IRA
Hey BiggerPockets,
I have retirement money in a few places but they are mostly stock based. Lately stocks have not been performing that well. In an effort to diversify I would like to invest in real estate. Turnkey properties seem to be a good entry level for someone who already has a 50 hour a week job.
Could I rollover one of my IRAs to a Self Directed IRA then use that money to invest in turnkey property. What are the risks? How should I structure this? Should I have an LLC? As you can tell I have a lot of learning opportunities ahead of me.
After getting my feet wet with this I am hoping to leverage the experience and invest in real estate full time when I retire in a few years.
I look forward to hearing your thoughts.
Mark