Can Your IRA Earn 118% Return Investing in Real Estate in Detroit? Gail Doerfling’s IRA Did.

As a resident of one of the country’s hardest hit real estate markets, Detroit, Michigan, Gail Doerfling is no stranger to a challenge when it comes to investing. A recent news report shows that foreclosure sales have doubled compared to the year before. Some might say you’d be crazy to invest in real estate in the area. She disagrees.

According to Gail, “it’s the best business to be in right now.”

Her past experience has prepared her to take advantage of the current market conditions. For many years she worked as a broker with Merrill Lynch where she learned to read the market currents and acquired a good feel for property management.

Possibly even more relevant in the current market, she has years of experience as a licensed contractor. This allows her to know at a glance what expect when evaluating a potential purchase.

“When you put those two together,” Doerfling says, “it gives me a real good feel for what I’m doing.”

Even though Gail came to full-time investing later in life, she has done well from the start, and has compounded her success by using a self-directed IRA.

Gail’s First Deal Nets 118% Profit – Tax-Free

During her years in the real estate business, Gail learned about Equity Trust and the tax-free growth opportunities from multiple clients. But there came a time when she just had to try it for herself.

The first deal she did in her IRA involved a fixer-upper purchased on land contract for $17,000. Sure, it needed a bit of work, and her IRA paid for about $15,000 worth of improvements in the end, but her background allowed her to see the potential. The land contract allowed her to concentrate on organizing the rehab work without worrying about payments until the property sold.

A short time later she closed the sale for $70,000. She was able to more than double the value of her IRA, in just one good deal.

“And that’s the key,” she says. “Once you do the investment and make a profit, you are working off of somebody else’s money.”

With that mindset, Doerfling has been taking full advantage of the number of budget properties available today in her market. Her average investment with her self-directed IRA is less than $50,000 and in this market there are plenty of homes to choose from.

By coupling her real estate investment prowess with a self-directed IRA, Doerfling has easily secured her financial future in a time when many Americans are desperately looking for alternatives to shore up their sagging portfolios. She is more than happy to spread the word and is always helping others realize the benefits that a self-directed IRA offers.

“I think it’s the best way to go, without a doubt,” says Doerfling. “There is no better way in my opinion.”

If you'd like to find out how you can start investing tax-free like Gail, give us a call at 1-888-382-4727. We’ll help you put all the pieces together to ensure a secure retirement by taking control of your own future.

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.