All Forum Posts by: Timothy Hopkins
Timothy Hopkins has started 1 posts and replied 2 times.
Post: Using IRA for investment property
Timothy HopkinsPosted
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Thank you for the input! I am 59 and my IRA is only about 62k. My first property was 89k and needed minimal work. I will look at the options that you mentioned such as the self directed IRA. Not familiar with that option but will begin researching it. Again thank you for the information that you shared!
Post: Using IRA for investment property
Timothy HopkinsPosted
- Posts 2
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Purchased my first investment property this year and it is getting me a good return as a single family rental. I have an IRA that is doing well but will not be adequate income at retirement my question is should I cash in my IRA to purchase another unit? The rental income would be more than the income that would be generated from the IRA.