Real estate in IRAsDean Foust
A fascinating story in the New York Times earlier this week noted that some investors--burned after the stock market bubble burst earlier this decade--put part of their IRA or retirement account into real estate. Real estate bears are going to view this as another sign of the apocalypse, but it strikes me if done right a good real estate investment could throw off a nice stream of income for the golden years. That said, I certainly wouldn't try this in one of the bubble markets like southern California, where the runup in housing prices means that monthly mortgage notes exceed likely rental income. I'd be curious to know if any of our readers have tried this and what their experience has been so far. Any one have personal experience here?
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