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Financially Simple Bizcast

The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

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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Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.