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Successful experiences with Self Directed IRA for buy and hold
I am in my fifties and have some $$ available in an IRA. In the process of shifting some money into an SDI to diversify and have passive income as part of my retirement strategy. I already have 2 single home rental properties that are doing well. Pretty sure i have found a straight forward company that will setup an llc for me and a custodian on the account, etc.
Just curious has anyone out here been successful in expanding their retirement portfolio with this approach. Thanks.
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#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
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#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
Yes, you can use IRA LLC to purchase rental property. I purchased a rental in my retirement account in 2013, it doubled in value since then and rent have gone up $400 so this can be very lucrative.