Newman Asset Management Blog

I am trying to find a way to use my Roth IRA money to purchase single home investment property.. Someone told me that I need to find a Finanical institution offer Self Direct IRA in order to do this.. How does it work and who offer such service..

Thanks

I know if I open a Self-Directed IRA and roll my existing IRA money into it, I can instruct my trustee to buy real estate that I don’t live in. I lived in it for 2 years, but it’s been rented now for 6 months. So it’s considered investment property. I want to pay off the mortgage completely with money in my self directed IRA.