Hello! I have a significant amount of money in a few IRAs, one inherited the other my own
I have a good opportunity to buy into a multi-family rental situation where I would be contributing about 2% of the capital costs and estimated yield would be 10%. These guys have a 100% track record with me in last twenty years -- old college friends.
I was thinking about purchasing with an IRA, self directed. To avoid taxes on the moneys coming back.
Has anyone done anything like this? What should I be considering? I see a lot of stuff about somebody buying houses or rentals, but didn't see anything with this type of setup.
Thoughts?
I have a good opportunity to buy into a multi-family rental situation where I would be contributing about 2% of the capital costs and estimated yield would be 10%. These guys have a 100% track record with me in last twenty years -- old college friends.
I was thinking about purchasing with an IRA, self directed. To avoid taxes on the moneys coming back.
Has anyone done anything like this? What should I be considering? I see a lot of stuff about somebody buying houses or rentals, but didn't see anything with this type of setup.
Thoughts?
Statistics: Posted by GencoAbbandando — Tue Oct 08, 2024 5:12 pm — Replies 3 — Views 175