Want To Know More About Investing In A BitCoin IRA?
Get the FREE Info Kit Here.
John of Indianapolis has built a large portfolio of multi-family housing, much of it held in his Roth IRA. In the last 10 years, he has been housing homeless veterans in Indianapolis in properties he owns in his Equity Trust Roth IRA.
One of his most recent investments was a two-bedroom house that he acquired through a bank-owned auction. It was a two-bedroom, one-bath property on a quarter acre.
John’s IRA bought the house for around $60,000 and spent about $17,000 in repairs, including a new furnace, flooring, paint, roof repair, and fence repair.
“We went back to our partner, HVAF (Helping Veterans and Families) and said, ‘We’ve got this great house in a great neighborhood. Who do you have? Who are you looking to house?’ And we were able to find a father and a son, the son had severe autism and they needed a safe environment. This had a fenced in backyard that we were able to get this veteran in. He did have a Section 8 voucher. And so actually we passed a Section 8 inspection, no problem. And they’ve lived there for quite a while now.”
Widening his outreach –
In October 2021, after the collapse of Afghanistan and the Taliban taking over, there were approximately 100,000 refugees looking for housing, in the United States.
“Some of the same partners we had worked with (in veterans groups) had transitioned over to the refugee community and they called and said, ‘Hey John, what apartment units do you have? What houses? We have a lot of individuals, one and twosies, that need housing.’
“And so we started working with them and to date, we’re probably at about 30, 35 individuals in house, from Afghanistan,” John says. “Beyond that, we’ve connected these agencies with primarily 30 or 40 houses for other refugees to live in.”
Starting small –
While John’s large portfolio of housing and network may seem intimidating to some, he says it wasn’t always like this.
Case studies are provided for illustrative purposes only. Past performance is not indicative of future results. Investing involves risk including possible loss of principal. Information included in the above case study was provided by the investor and included with permission. Equity Trust Company does not independently verify all information provided by third parties
Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust 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 tax attorney or financial professional.
Canadian Penny Stocks 101
Young, small, and new Canadian companies focused on the field of commodities and technologies may now take advantage of the opportunities offered to them by Canadian penny stocks and this is their great chance to show their skills and abilities to build a good shareholder value. Canadian penny stocks are available through the Toronto Stock Exchange and the TSX Venture Exchange for only $5 or lower.Wealth Building Starting Today
Knowing how to properly build wealth is something that everyone is interested in. How can you increase your wealth over time and keep that money and assets safe for when it’s needed? There are a lot of questions to ask yourself so read on to learn more about wealth building starting today.Wealth Building in 3 Easy Steps
It’s pretty simple and easy to build your wealth once you learn the 3 easy steps to do it. Most people who struggle their entire lives trying to build wealth fail to use these 3 simple steps that virtually anyone, at any age or income, can implement today.3 Ways to Start Building Wealth
Even though we all want to be rich, less than 5% of the population is considered to be rich. According to Forbes Magazine, the term “wealth” means that you earn $1 million dollars per year and even though this might sound like a lot to most people it really is not such a big deal any more.Revive the Millionaire Inside You!
Our spending power is being rapidly eroded by the relentless increases to rent and property prices, rising inflation and interest rates, as well as the ferocious rising cost of petroleum and commodity prices. For most people, salaried income does not rise yearly to reflect inflation, let alone to adequately cover the increasing cost of basic expenses.