Читать книгу Flipping Houses For Dummies онлайн
80 страница из 103
Cracking open your retirement nest egg
Newcomers are often attracted to real estate investments because they may result in a higher percentage return than stocks or bonds. In addition, real estate gives you more control over the performance of your investment. In the case of flipping houses, if you do it right and don’t fall victim to a burst housing bubble, you stand to earn 20 percent or more on each house you flip. You’re not likely to see that sort of return on stocks and bonds!
Because real estate is an investment opportunity that’s as legitimate as stocks and bonds, some real estate investors are choosing to structure their IRAs (or at least a portion of them) around real estate investments. In other words, you can convert your IRA into a self-directed IRA and use the money in your retirement account to fuel your flips. Consult your accountant and your personal finance specialist to determine whether this option is one you want to explore and to work out all the details if you choose to go this route. It’s risky, but so is the stock market.