Dec 2, 2019
In episode 212 of Financially Simple, Justin considers whether or not you should use your IRA to buy investment property.
Can you use your IRA savings to invest in real estate? Yes, you can - but should you? Justin looks at the ins and outs of using your IRA to invest in property, and gives his advice on whether or not it is a good idea.
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02:00 - Should You Use Your IRA to Buy Investment Property?
03:07 - Real Estate IRA Rules & Regulations
04:18 - You Cannot Buy Your Own House
05:45 - You Cannot Have “Indirect Benefits”
06:33 - You Cannot Use Your Personal Name
07:18 - Real Estate Can Be Purchased Without 100% IRA Funding
08:25 - UBIT Tax
09:16 - Expenses Must Be Paid From Your IRA
10:20 - Real Estate IRA Income Must Return to Your IRA
10:49 - So, Should You?
15:56 - Wrap Up
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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