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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (29476)	1/6/2008 2:39:49 AM
From: Lazarus	Respond to of 78753

another consideration for your IRA account is a "self-directed IRA". I put some money in one of these and have purchase tax-lien properties, first trust deed, etc. for example. I bought 5 pieces of tax lien properties for a total of about $10,000 in my IRA - then a broker sold one of them for $15k. The same broker who sold that one has two others listed for $15k each. when these properties sell the profits go back into the IRA tax deferred. i call these "penny properties" I also had a friend ask me to purchase a first trust deed he inherited. My IRA custodian purchase it for just over 50% of face value and the the monthly payments go into my IRA account tax deferred (it would be tax-free if it was a ROTH). With 6 kids and rising health and energy costs I dont see myself retiring anytime soon --- I think I will just work and earn by the sweat of my brow until I die. but lets hope for a prosperous and healthy 2008 Lazarsu