Real Estate Rookie

Can You Use Retirement Funds to Grow Your Portfolio Faster? (Rookie Reply)

May 30, 2025
Explore the enticing idea of using retirement funds, like Roth IRAs, to supercharge your real estate investments. Weigh the risks of early withdrawals against the potential for faster portfolio growth. Learn the ins and outs of handling tenants who want to back out before a lease even starts. Plus, discover the best platforms for listing your short-term rentals and tips to avoid double bookings. Get ready for practical advice that could steer your investment journey!
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ANECDOTE

Handling Tenant Lease Backouts

  • Tenants who sign a lease and want to back out early often face lease terms like a 60-day cancellation notice.
  • Landlords usually stick to the lease and may apply security deposits to owed rent or take tenants to small claims court.
ADVICE

Stick To Lease Cancellation Terms

  • Follow the lease terms strictly and apply security deposits to missed rent if tenants back out.
  • Actively seek new tenants to minimize vacancy during the cancellation notice period.
INSIGHT

Roth IRA Withdrawals Are Expensive

  • Early Roth IRA withdrawals cost a 10% penalty plus income taxes, drastically reducing available funds.
  • Cheaper financing options like HELOCs or private money loans often make more financial sense.
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