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Using cash flow from rentals to fund IRA?
Just wanted to see what everybody's thoughts were. I'm working on a deal right now on a second rental property that if I complete it, I'm looking at around $1,100 per month in cash flow after expenses. My thought is to obviously keep saving a good portion to reinvest in more deals, but also to take a portion and fund a ROTH IRA account, and life insurance policies (that cover each mortgage) and produce a cash yield as well. Is anyone else doing anything similar?