Rich on Money

Financial Freedom through Debt-free Real Estate Investing

Month: September 2016

You did WHAT with your IRA?!?

How and Why I bought rental properties in my IRA

Yes, I may have done something stupid.

I certainly did something unique.

I sold all the investments in my IRA and bought rental properties! (My Wife’s too!)

The rental properties are held in the Roth IRA as investments, and the rental income accumulates as cash inside the IRA.

And I’ll show you how it made me FILTHY RICH!!!

I did it, and you can too!!!!!

filthy-rich

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The One Secret to Buying Rental Properties Dirt Cheap!

The story of my third rental property in Alabama

A while ago, I met a fellow military member who owned six rental properties that he acquired over two years. I had him explain how he did it, and decided I would do it too!

I bought house #1 in cash for $30,000. It needed a lot of work and was quite the challenge to remodel (This is an understatement).

I bought house #2 in cash for $45,000, but this one was move-in ready! Didn’t even have to vacuum. Way easier.

How did I get an awesome deal on these and house #3??

It takes a certain personality to do this.   I was uncomfortable doing it at the beginning.

Truth be told, still am today. But it’s essential.

Luckily, my wife has no problem doing this:

The secret is:

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