Since Kathy Kennebrook is quickly moving in the direction of retirement, she just had her 50th birthday, this is a subject that is near and dear to her heart. Fortunately Kathy Kennebrook opened a self-directed IRA account called a Roth IRA account. This is a self-directed account that she uses to build wealth toward her retirement.
Since Kathy is a successful Real Estate Investor, one of her long term goals is to build wealth inside the self directed Roth IRA using primarily real estate. Now Kathy Kennebrook understands that she can deposit a certain amount of money herself into the account each year and she does, but this isn’t going to build the long-term wealth she is looking for.
So here are some of the ways Kathy Kennebrook uses the money she has accumulated inside her self directed Roth IRA account. For one thing, she loans money as a hard money lender using funds from her IRA account. Of course the monthly interest payments go right back into the Roth IRA.
Another way you can use the funds inside a Roth IRA is to buy tax certificates. Kathy Kennebrook lives in Florida which is a tax certificate state. What this means is that Kathy uses her Roth IRA to buy tax certificates and when the property owner pays them off, Kathy gets the amount of the certificate plus the interest that has accrued on it.
Another way Kathy Kennebrook likes to use to build wealth inside her self directed Roth IRA is to simply wholesale properties. Basically what she will do is to simply put a small deposit on a property, generally ten dollars or one hundred dollars, and then wholesale the deal to another investor for a fee. The amount of that fee plus the deposit she put down goes back into her Roth IRA.
A Self Directed Roth IRA is a great way to build income for retirement and fortunately Kathy had one of the very best teachers on this subject, Dick Desich from Equity Trust Company in Ohio. For more information on building wealth in your Roth IRA and finding all the deals you need for your real estate investing business, visit Kathy Kennebrook’s website at www.marketingmagiclady.com. While you are there, be sure and sign up for Kathy’s monthly newsletter. When you do you will receive 149.00 in relevant real estate investing information absolutely FREE!!
