The beauty of Self-Direction is that you can use your own strategy. Come learn from our Power User, Joe Facenda, how he utilizes his Self-Directed IRA and what his strategy is for investing in real estate.
Joe has been a Realtor in Northern Virginia for over 25 years and a real estate investor for over 15 years. His portfolio includes several rentals he purchased in his self directed 401K.
He is also the founder of www.OutofTownLandlord.com , a website that connects investors with investor friendly Realtors around the country. A few years ago, Joe decided to invest outside of Northern Virginia for better returns and to diversify his portfolio. When he went into other markets, he had a hard time finding Realtors who understood investing. He figured others might as well so he created a site to help investors find the professionals they need. All agents on the site are experienced investors and Realtors. If you are looking to invest outside of NOVA, check it out.
While he works with traditional buyers and sellers as well as investors, he is also an expert on working with probates and estates. No other Realtor in NOVA has completed more estate deals than he has in the last few years. His experiences in this market led him to write a book for administrators and executors. When Parents are Gone..What’s Next With The House, (available on Amazon) helps heirs decide which option is best for them. If you would like to discuss investment opportunities in this niche, give Joe a call.
He was also featured on The Rental Income Podcast Episode 204 which was a discussion of the pros and cons of using a self directed IRA for purchasing rentals. Of course, Joe was on the pro side!!