Episode #770 Did you know you can invest in real estate using funds you’ve probably forgotten about? For years, you’ve been socking away money into your IRA or 401(k) to ensure an abundant retirement. The problem? You’ve only been able to invest those funds into passive investments like stocks, bonds, and mutual funds. What about the investors who want a more active income stream with bigger tax benefits, more equity upside, and plenty of cash flow? Can you use your retirement accounts to build wealth with real estate? If you ask Kaaren Hall, her answer is a resounding yes. Kaaren saw quickly how the real money was being made in real estate, so she began investing herself, later realizing that she could use her retirement funds to build a real estate portfolio faster. She founded uDirect IRA Services to help other investors build wealth a better way, opening up more options for passive income, so your retirement accounts can grow into the millions. If you want to scale your real estate portfolio but don’t have the cash on hand, this could be your PERFECT option. Kaaren goes over exactly how to use your retirement accounts to invest in real estate, what you can (and definitely can’t) do when investing this way, and how you can start raising capital for your own deals using other people’s retirement funds. This is a $40 trillion untapped opportunity, so don’t miss out! ~~~~ Join BiggerPockets for FREE 👇 ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: ~~~~ Find an Investor-Friendly Agent in Your Area: ~~~~ Find Investor-Friendly Lenders: ~~~~ Get Your Tickets for BPCon 2023! ~~~~ Grab the BRRRR Book: ~~~~ The Self-Directed IRA: What You Should Know About This Wealth-Building Tool: ~~~~ How to Invest in Real Estate With a Self-Directed IRA: ~~~~ Work with Kaaren: ~~~~ Connect with David and Henry on BiggerPockets: David: Henry: ~~~~ Follow David, Henry, and BiggerPockets on Instagram: David: @davidgreene24 or Henry: @thehenrywashington or BiggerPockets: @biggerpockets or Show notes at: 00:00 Intro 02:31 Quick Tip 02:55 Wage Worker to Wealth Builder 13:17 Kaaren's Current Portfolio 15:07 The Self-Directed IRA Explained 19:56 Deal Deep Dive 27:48 The $40T Investing Secret 31:38 A Faster Way to Fund Your Deals 33:06 What You MUST Avoid 41:01 Connect with Kaaren! 42:16 Use Your IRA On Your Next Deal!...(read more)
LEARN MORE ABOUT: IRA Accounts
TRANSFER IRA TO GOLD: Gold IRA Account
TRANSFER IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
Real estate is considered as one of the most profitable investments to make, especially in the long-term. However, not everyone has the necessary capital to make a large real estate investment outright. But, did you know that investing in real estate using your 401(k) or IRA is a tax-free option? Investing in real estate with a self-directed 401(k) or IRA means you can use your retirement funds to direct your own investments. This is an attractive opportunity for investors who want to take control of their retirement savings, minimize their taxable income, and build their wealth for their futures. Here are a few things to keep in mind when investing in real estate with your 401(k) or IRA: 1. Open a self-directed 401(k) or IRA account First things first, you need to open a self-directed 401(k) or IRA account with a trusted financial institution that allows real estate investments. The custodian will be responsible for administering the plan and managing your transactions. 2. Transfer or roll over your existing retirement plan To fund your new self-directed 401(k) or IRA account, you can transfer or roll over your existing retirement plan into the new account. This process is typically simple, and you won't have to pay any taxes or penalties for moving your retirement funds. 3. Identify the type of real estate you want to invest in There are several types of real estate investments to consider, including rental properties, commercial properties, raw land, and REITs. Determine the type of real estate that matches your investment strategy and risk tolerance. 4. Conduct thorough research Before investing in any real estate property, it's important to conduct thorough research and analysis, including market conditions, rental income potential, and financing requirements. With a self-directed 401(k) or IRA, you can leverage your retirement funds to purchase property, pay for repairs or renovations, or to buy rental properties that generate additional income. 5. Follow IRS rules It's important to follow the IRS rules regarding real estate investing with your 401(k) or IRA. This includes understanding restrictions on personal use of the property, prohibited transactions with certain parties, and the potential tax consequences that may arise from your investments. 6. Secure adequate insurance coverage Don't forget to secure adequate insurance coverage for your investment property to protect your hard-earned retirement funds in case of any unforeseen events. Investing in real estate with your self-directed 401(k) or IRA can help you diversify your retirement portfolio while minimizing your taxable income. With careful research, planning, and strategy, you can achieve your long-term investment goals and secure a comfortable financial future. https://inflationprotection.org/investing-in-real-estate-with-a-tax-free-401k-or-ira-a-complete-guide/?feed_id=102348&_unique_id=6474a9a7a75d1 #Inflation #Retirement #GoldIRA #Wealth #Investing #biggeprockets #biggerpocketspodcast #buyingrealestatewithretirement #howtoinvestinrealestate #InvestinRealEstate #InvestmentProperty #IRARealestate #planningforretirement #realestate #realestateinIRA #realestateIRA #rentalproperty #retirementplanning #retirementsavings #selfdirectedira #selfdirectediraforrealestate #selfdirectedirarealestate #selfdirectedrealestateira #selfdirected401k #TaxFree #InheritedIRA #biggeprockets #biggerpocketspodcast #buyingrealestatewithretirement #howtoinvestinrealestate #InvestinRealEstate #InvestmentProperty #IRARealestate #planningforretirement #realestate #realestateinIRA #realestateIRA #rentalproperty #retirementplanning #retirementsavings #selfdirectedira #selfdirectediraforrealestate #selfdirectedirarealestate #selfdirectedrealestateira #selfdirected401k #TaxFree
Comments
Post a Comment