How To Buy Rental Property In An IRA

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Clint Coons Esq. | Real Estate Asset Protection

Clint Coons Esq. | Real Estate Asset Protection

Күн бұрын

In this video, Clint Coons, Esq. will show you how to purchase property within an Individual Retirement Account (IRA).
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If you're looking to invest in rental property, then an IRA may be the path you want to take. I'll show you how to buy a rental property with a self-directed IRA, protect your money, and find new opportunities and advantages to this unique strategy.
🔑 Key Insight: "Using this technique is obviously very simple for you." 2:04
If you're an investor, then you know there are many benefits to owning rental property. Furthermore, investing in rental property through your IRA is a good idea.
Buying rental property in an IRA is a great way to get started in real estate, and you'll love the results. After watching this video, you'll be ready to start buying rental property in your IRA account.
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Show Notes:
0:00 Intro
0:11 Self-Directed IRA
2:25 Asset Protection
3:10 LLC
5:52 Land Trust
6:46 Multiple Properties
8:33 Outro
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#investing #retirement #ira #sdira

Пікірлер: 18
@user-uw9nw8bv4o
@user-uw9nw8bv4o 7 ай бұрын
Hi Clint. I’m a little confused. I found this video b I watched one you did 9 years ago saying that self directed iras we’re bad news. Did things change? Thanks so much
@stevem0601
@stevem0601 23 күн бұрын
Clint, always great content. However, I am conflicted as you make mention in this video about SDIRA and you have other videos discouraging use and to use solo 401k. I have been leaning towards opening solo 401k, but eligibility has me twisted. If my business is real estate investing, then as I understand it, I would not qualify because rental income is considered passive income. Is that correct? Also, as part of my real estate business I could be doing part time general contractor work AND collecting rent. thus I would be paying myself (and my wife) a wage. Would I then qualify for a solo 401K? Thanks, Steve
@technotrix6504
@technotrix6504 Ай бұрын
Who is a good company to contact for the self-directed IRA's?
@ElLeNoir..ELconomics
@ElLeNoir..ELconomics 9 ай бұрын
Let coach Clint Cook!!!!!!
@warrengould4051
@warrengould4051 6 ай бұрын
Great video. How are the cash flow, expenses, income, losses, depreciation, and taxes handled for the rental property in the LLC? Also, can you maintain a traditional IRA along with a SDIRA?
@ClintCoons
@ClintCoons 6 ай бұрын
They all flow through to the SDIRA for tax purposes. Thus, if your IRA does not have any debt on the property then it is not relevant. Yes you can have both a traditional and SDIRA. You can have as many IRAs as you want you only limit is on the annual contribution which is in the aggregate.
@davidmckinney5067
@davidmckinney5067 8 ай бұрын
Great information, Clint. Is there a strategy for avoiding UBIT in these structures? As I understand, leveraged property will generate UBIT.
@ClintCoons
@ClintCoons 8 ай бұрын
It does generate UDFI but remember you can use your depreciation to offset the income. The only way around UDFI is to invest through a solo 401k. If your money is in a ROTH then you are stuck but if its in a traditional then you can roll it into a solo and avoid the UDFI.
@zehuazhou3390
@zehuazhou3390 Ай бұрын
if I do this and receive a tax form such as 1099-INT from the LLC’s bank account, or a 1099-MISC from my property manager, shall I just disregard these tax forms since they are generated against the EIN of the LLC, which is owned by the tax deferred IRA?
@ClintCoons
@ClintCoons Ай бұрын
Your IRA will need to file a tax return because it has UBTI. These will be included with your return
@Alaska_Engineer
@Alaska_Engineer 9 ай бұрын
…and how would we withdraw or dissolve the IRA at a later date?
@ClintCoons
@ClintCoons 9 ай бұрын
You would transfer the property out of the IRA
@user-bl8ew2no6o
@user-bl8ew2no6o 3 ай бұрын
Can I buy property in another country with my self-directed IRA?
@ClintCoons
@ClintCoons 3 ай бұрын
Yes
@nguye1971
@nguye1971 9 ай бұрын
Great info as always. Thanks Clint Question- how to get money from IRA to pay for LLC setup costs?
@ClintCoons
@ClintCoons 9 ай бұрын
You instruct your IRA custodian to wire the funds to the company setting up your IRA LLC.
@geraldbennett7035
@geraldbennett7035 12 күн бұрын
Are you talking paying cash for property or borrowing. Sounds like a bunch of legal fees will be incurred.
@ClintCoons
@ClintCoons 10 күн бұрын
Either one works
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