By The Numbers
Dr. Phillips Charmer
This home was purchased 9 years ago for $185,000. The home buyer set up a self directed IRA at Nuview and rolled over old retirement money from Fidelity.
The Advantages of Real Estate
The buyer found an outside mortgage to complete the purchase. Rent was collected and after 4 years the mortgage was paid off. The rent moving forward went right into the self directed IRA. The maintenance of the home was handled by a property manager, and the rent went directly to Nuview. There are a few special self directed IRA administrators out there but the buyer chose Nuview because they are in Lake Mary.
The Bottom Line
The home was purchased with $140,000 of retirement money and an outside mortgage for $45,000. The mortgage was paid off in 4 years, adding $45,000 of equity to the retirement account. The house is currently worth $320,000 and is spinning off $2200 a month in rent. That represents $180,000 in appreciation and an asset that produces, after all expenses, $18,000 per year. If you are looking for potential returns like this give us a call at 407.876.9175 or 407.579.4573.