Updated about 8 years ago on . Most recent reply
New Member from Western Washington
Hi, New Member here from the Puyallup, WA area. I'm enjoying reading the forums and listening to the podcasts.
We own a single rental condo unit inside a self-directed IRA. We set it up almost 5 years ago now. We've had a property manager the entire time and have happily been collecting rents. Those rents have been sitting in the SDIRA bank account earning virtually nothing, so I'm looking for ideas on how to have that money make some more money. There is not enough there to buy another property in this hot market and probably not even enough to buy something out-of-state and be able to rehab it. Looking for ideas. Trust deeds? REITs? Other?
Let me say how how excited I was to see that there are SDIRA experts here! Before setting ours up I did a lot of research and talked to a few friends who have set up SDIRAs. Almost without exception, those friends use complicated measures to try to circumvent the rules. It is so refreshing to see answers like "There are no allowable workarounds" in the forum answers! I really appreciate it!
Regards,
Brenda
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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
Brenda,
Here is a forum category that you may want to explore:
https://www.biggerpockets.com/forums/70-tax-liens-...
Also be sure to follow @Dave Van Horn, read his articles, podcast interview and discussions he is involved in. He manages several note funds that allow investments with smaller amounts.
For syndication @Ben Leybovich is one of the guys you'd want to connect.