Retire and Inspire: Invest in Real Estate With Your IRA

You’ve retired after 37 years in the canvas manufacturing industry, but you don’t want to spend your days pruning rose bushes and baking English Muffin bread- you want to invest in real estate with your IRA. An IRA is a tax-deferred retirement savings account that allows you to put aside money each year to use once you’ve retired. After the age of 59 ½ you can withdrawal your money and use it for leisure activities, a flashy new car, a new smile, or you can invest with your IRA!

The real estate market is a hot bed of ups and downs- the pot is boiling over with risks, low interest rates, foreclosures, hot deals, squatters, and homes in need of serious renovation, but you can find something to invest in that could have you retired in Jamaica instead of Pasadena.

So how does someone quickly approaching retirement begin the process to invest in real estate with their IRA? First, you’ll need to determine how much money you’ll have to invest. Second, you’ll need to get in touch with someone who can help you find property that requires little investment, but has the potential for great returns.

A caveat- purchasing foreclosures might be a good idea, but you need to be sure that the bank has crossed all the T’s and dotted all the I’s so that you actually own the property when all the money exchanges hands. Also, foreclosures are usually in need of a little more TLC than you are willing to give- you just retired from a lifetime of working, you want to be able to enjoy your days of rest and relaxation while making a bit of money.

Investing your IRA, but make sure that the property you purchase is worthy of the money you earned through your hard work and years of faithful saving. Invest with joy, excitement, and good bit of professional advice. Your golden years don’t have to be filled with Golden Poppy Pruning, and that old gold colored Town Car. Invest in real estate with your IRA and spend your retirement inspiring others to invest and live richly.

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