Mobile Home and Options Help Grow Self-Directed Roth IRA

Frank Preston of Boise, Idaho opened a self-directed Roth IRA at Equity Trust and was so excited about the Roth IRA’s tax-free status that he contributed right away to the account and started to look for deals.

“I was impressed with the concept of ‘only pay taxes on the seed and not the whole crop’ and I immediately started looking for deals,” said Frank.

He soon found a couple of deals involving two investment strategies: Options and mobile homes.

“I made $6,000 tax-free with no other costs…”

Utilizing the first strategy, Frank purchased a contract option to buy a “fixer upper” house for $96,000; He paid the seller $40 from his self-directed Roth IRA for the right to purchase the property at that price. Within three months, Frank found a buyer willing to pay $102,000 for the house - $6,000 more than the purchase price he negotiated.

“I made $6,000 tax-free with no other costs and I did not have to actually fix-up the house,” said Frank.

Frank also used his self-directed Roth IRA to purchase a mobile home with its own lot and foundation for $25,000. He sold the mobile home in a lease / purchase agreement that eventually was worth $92,000 - a tax-free profit of $67,000.

Want to succeed like Frank? Call 1-888-382-4727 today to open an account and begin growing your wealth.

Disclaimer:Disclaimer: Equity Trust is a passive custodian and does not provide tax, legal, or investment advice. It does not endorse or recommend any contributor, company, or specific investments. Any information communicated by Equity Trust Company is for educational purposes only and should not be construed as tax, legal, or investment advice. Whenever making an investment decision, please consult with your legal, tax, and accounting professionals.