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John M.
  • Investor
  • Fairfax, VA
790
Votes |
1,181
Posts

Who has a Self Directed IRA

John M.
  • Investor
  • Fairfax, VA
Posted

I am curious as to the type of real estate or other investments you are investing in and why?  What say ye?

Most Popular Reply

Account Closed
  • Rental Property Investor
  • New Braunfels, TX
408
Votes |
408
Posts
Account Closed
  • Rental Property Investor
  • New Braunfels, TX
Replied
Quote from @John M.:

I am curious as to the type of real estate or other investments you are investing in and why?  What say ye?

I took $1 million in my 401k in 2016/17 and turned it into 7 B+ single family LTR and 1 duplex. We have grossed over $1 million in rent since then and the 8 properties have appreciated tremendously. We do have debt and everyone saying it shouldn’t be done hasn’t done it, or hasn’t done it right anyways. You don’t pay capital gains in a SDIRA and in a high appreciation area it can be a very lucrative business. 

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