You Said What???
That is the answer I got from numerous developers I have spoken to about creating the platform
Speaking to 15 plus developers = Not all conversations are equal
They either said...
Imagine if for every $10,000 you invested in your 401(k) $4,000 was lost to fees.
Beyond that, your returns depend on the day, month, year, political climate, rumors on Twitter and Facebook and so on.
If she had $500,000 in her retirement account, that would be a loss of $200,000 in retirement savings because of factors largely beyond her control.
After you factor in fees, you could be netting as little as 5-7%.
If you placed that same $70,000 and put it into a self-directed IRA or Solo 401(k), where you have more control and can direct your funds to be invested into a turnkey rental property, you could leverage those funds to purchase up to $280,000 in real estate.
Even if you used all cash to purchase real estate for a total of $70,000, your return after 10 years would be approximately $219,000, nearly double what you would have in your mutual fund account — much better.
Even better yet, with a self-directed IRA, you already have the ability to invest in real estate.
Again, a 401(k) or IRA can be a great tool when it’s efficient.
With real estate, you’re the owner of a tangible asset.
Although traditional investments like a 401(k) and IRA can be great additions to your portfolio when used and monitored wisely, real estate investing offers a tastier, bigger piece of the American apple pie we all love.