There are many benefits of investing inside of a retirement account like a self-directed IRA. But if you want to retire early, can a self-directed IRA help you reach your goals? That’s the first question I’m answering on this episode of Investing in Real Estate!
This Q&A episode features three great listener questions on deciding if retirement accounts are right for you, how to determine if you should use your home equity to invest, and how to get into investing if you don’t want to invest in the United States. Click play to hear my answers to your investing questions!
On this episode you’ll learn:
- How to determine if you should invest inside retirement accounts.
- Why leveraging your home equity can be a smart strategy.
- What to consider about investing in Europe.
How to Determine If You Should Invest Inside Retirement Accounts
A self-directed IRA is a powerful tool for building your retirement accounts. But if you’re young and aspiring to retire early, it probably doesn’t make a lot of sense for you to open a self-directed IRA. The account would be better suited for someone who has old retirement funds that they could roll over. In order to retire early, you’re going to want to calculate your Freedom Number and then build up a portfolio of properties that can generate cash flow as they’re paid off.
Why Leveraging Your Home Equity Can Be a Smart Strategy
I love using a HELOC to buy rental properties. As long as you can get a decent interest rate and are in the situation to pay back the loan, I think this is a powerful way to build your portfolio. Most Americans are equity-rich, so putting that money to work can help you acquire performing assets.
What to Consider About Investing in Europe
Personally, I don’t invest in Europe. Europe tends to be dependent on what is happening in the US. No matter where you choose to invest, focus on tangible commodities that will always be needed.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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