If you have a self directed IRA, then you know you can use it to invest in real estate but unfortunately, using it to flip houses may be subject to what’s called Unrelated business income tax or UBIT for short, which would wipe out any benefits. But the thing is the UBIT tax rule is vague as to when it applies so you need to understand the implications, which I’ll explain on this video. But that’s not all…I’ll also show you a little known black hat technique that would allow you to still flip using your IRA while avoiding the UBIT tax. Guide to Flipping Houses With A Self-Directed IRA: FREE Virtual Wholesaling Kit: ---------------------------------------------- With almost 800 Videos, this is the #1 channel on YouTube for all things wholesaling and flipping. SUBSCRIBE NOW! Listen to your favorite Flipping Mastery TV videos on your favorite podcast platform! Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate. **NOTE: To Download any of Jerry's FREE training, tools, or resources… Click on the link provided and enter your email. The download is automatically emailed to you. If you don’t see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or (888) 958-3028. Get Paid $10,000 to find deals for Jerry: Wholesaling & House Flipping Software: Get Unlimited Seller Leads For Less Than A Penny! Get 100% funding for your deals! Advanced Mentor Program: FREE 8 Week Training Program Get Paid $8700 To Find Vacant Lots For Jerry: FREE 30 Day Quickstart Kit FREE Virtual Wholesaling Kit: FREE On-Market Deal Finder Tool: Get 100 Seller Leads With Free Skip Tracing For $1.00: FREE Purchase & Sale and Assignment Contracts: FREE Cash Buyer Directory (100 Free Cash Buyers)! FREE Lot Finder Tool: FREE Craigslist Deal Finder Tool: FREE Comp Tool: FREE Funding Kit: FREE Wholesale JV Contract: FREE Wholesale NDNCA Contract: FREE Affidavit & Memorandum of Agreement: FREE Termination of Contract and Price Reduction Addendums: FREE Option Agreement: FREE Escalation Clause Addendum: FREE Flipping Disclosure Addendum: FREE Agent Offer Sheet & Scripts: FREE Motivated Seller Scripts: FREE Cold Calling Scripts (& 20 Powerful Phrases to Build Trust): FREE Blueprint & Cash Buyer Scripts: FREE LLC Flipper Kit to Overcome a No-Assignment Clause: FREE Deal Analyzer Software: FREE Rehab Estimator Tool: Free Contractor Agreement: FREE Report: 67 Ways to Find Motivated Sellers: FREE Zillow Motivated Seller Key Word Master List FREE Facebook Ad Templates: FREE Creative Financing Hacks Guide: FREE Subject To Contract Pack & 30% Off Discount Code for Full Service Closings: FREE 6 Figure Flipping Business Blue Print and 10 Steps to Your First Deal: FREE Best Selling Wholesaling Ebook: FREE Rehab Checklist: Get Unsecured Funding For Your Real Estate Business: FREE Virtual Property Walkthrough Guide & Instructions: Earn a FREE Flipping Genius Award! Tell us all about a completed deal using one of Jerry’s methods. LET'S CONNECT...! FACEBOOK: INSTAGRAM: #FlippingHouses #WholesalingHouses #FlippingGenius...(read more)
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Hack Strategy to Flip Houses Using a Self Directed IRA Flipping houses has become a popular way to make money in real estate. The idea is simple – buy a distressed property below market value, renovate it, and sell it at a higher price. However, funding these projects can be a challenge, especially for those who don't want to rely on traditional financing options. That's where a self-directed Individual retirement account (IRA) comes in. A self-directed IRA is a retirement account that allows you to have complete control over your investment choices. Unlike a regular IRA, which is limited to stocks, bonds, and mutual funds, a self-directed IRA allows you to invest in a wide range of alternative assets, including real estate. So how can you use a self-directed IRA to flip houses? Here's a hack strategy to help you get started: 1. Set up a self-directed IRA: The first step is to establish a self-directed IRA with a custodian who allows real estate investments. There are several custodians available, so make sure to research and choose one that suits your needs. 2. Fund your IRA: Once your self-directed IRA is established, you need to fund it. You can contribute to your IRA annually within the allowed limits, or you can roll over funds from other retirement accounts into your self-directed IRA. 3. Identify a property: Once your IRA is funded, it's time to find a property to flip. Look for distressed properties that are selling below market value. These properties usually require renovations, but with the right expertise and vision, they can turn into profitable investments. 4. Perform due diligence: Before making an offer, conduct thorough research on the property. Check for any existing liens, assess repair costs, and estimate potential resale value. It's important to be realistic about your numbers to ensure you're making a wise investment decision. 5. Make an offer: Once you've done your due diligence and are confident in the property's potential, it's time to make an offer. Your self-directed IRA will be the buyer, rather than you personally, so you'll need to work with your custodian to complete the transaction. 6. Renovate and sell: After acquiring the property, you can begin the renovation process. It's essential to stick to a budget and timeline to maximize your profits. Once the property is renovated, market it for sale and aim to sell it at a price that covers all expenses and leaves you with a significant profit. 7. Reinvest your profits: Once the property is sold, the profits go back into your self-directed IRA tax-free or tax-deferred, depending on the type of IRA you have. At this point, you can choose to reinvest the funds into another property or diversify your portfolio with other alternative assets. It's important to note that while using a self-directed IRA to flip houses can be a lucrative strategy, there are certain rules and regulations that you must follow. For example, you cannot personally benefit from the property until you reach the age of retirement. It's crucial to work closely with a knowledgeable accountant or financial advisor to ensure compliance with IRS guidelines. Flipping houses with a self-directed IRA offers a unique opportunity to grow your retirement savings while engaging in real estate investing. By using this hack strategy, you can leverage the power of your IRA to build wealth and achieve financial freedom. So, if you're interested in flipping houses but don't have the capital, consider utilizing a self-directed IRA to help turn your dreams into reality. https://inflationprotection.org/utilizing-a-self-directed-ira-unlocking-the-potential-of-house-flipping/?feed_id=111504&_unique_id=6499cda9c3007 #Inflation #Retirement #GoldIRA #Wealth #Investing #avoidingUBITtax #buyandholdtaxstrategy #fliphousesusingyourIRA #flippinghouses #flippinghousesforbeginners #howtoavoidUBITtax #howtofliphousesusingyourira #investinginrealestate #jerrynorton #realestate #realestateinvesting #realestateIRA #realestatetaxadvantages #selfdirectedira #selfdirectedirarealestate #taxadvantagestoflippinghouses #taxstrategiesforflippinghouses #wholesalingtaxstrategies #SelfDirectedIRA #avoidingUBITtax #buyandholdtaxstrategy #fliphousesusingyourIRA #flippinghouses #flippinghousesforbeginners #howtoavoidUBITtax #howtofliphousesusingyourira #investinginrealestate #jerrynorton #realestate #realestateinvesting #realestateIRA #realestatetaxadvantages #selfdirectedira #selfdirectedirarealestate #taxadvantagestoflippinghouses #taxstrategiesforflippinghouses #wholesalingtaxstrategies
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