Hi Hilary, Yes, you can definitely do it. You need to be organized and have discipline. If you have those qualities I suggest a self-directed IRA. I set up mine back in 2011, purchased multiple multi-family properties, have filed annual tax returns and have little or no issues. These folks help me set it up.
Safeguard Advisors https://ira123.com/ The trust company where I hold my assets is: https://www.iraservicestrust.com You set up a LLC, move or buy the assets under that LLC and you are the sole manager. You can buy real estate, laundromats, businesses. They will educate you on what a prohibited transaction is. Heed that advice and follow it and you will be fine. Read, educate yourself and become the expert of your self-directed IRA. I got fed up with the stock market and have never looked back. There are many nay-sayers so take all that with a grain of salt. Good luck! Mike N
The Coin Laundry Association is a strong, vibrant network of laundry owners, distributors and manufacturers.
1s660 Midwest Road, Suite 205 | Oakbrook Terrace, IL 60181 | 800-570-5629