Using IRA to buy rental property
I'm over 59.5 so I can withdrawal money from my IRA without penalties. I have a Roth & Conventional IRA.
After watching my retirement funds drop significantly a couple of years ago due to the market I started thinkg of other ways to inveset the money.
I was thinking about withdrawing money to pay cash for a rental property. I currently own two rental properties and like having the passive income. My thinking is that the property will increase in value (similar to an IRA) so I can sell it in 10 or 15 years AND I will have had the monthly rental income during that time. I know I'll have to pay capital gains tax when I sell but I was thinking the monthly rental income will have more than made up for that.
Would I be better off just leaving the cash in the IRAs? Which would give me a better return over 10-15 years?