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Old 05-17-2017, 05:34 AM
Dr Winston O Boogie jr's Avatar
Dr Winston O Boogie jr Dr Winston O Boogie jr is offline
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I had two small IRAs that were earning less than 1% per year.

I took one, a Roth IRA and used it for the down payment and the other, a standard IRA is set up to make the monthly payments. I can write off the interest on the mortgage against the taxes due on the standard IRA.

In less than two years my house is worth close to $15,000 more than what I paid for it. I couldn't see the point in leaving that money where it was.

Also, I sold my old house and put that money back into my retirement portfolio.

So I don't look at it as an investment that I'm going to be able to use but it has increased my net worth.
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