How to INVEST in Real Estate with Your IRA or 401K (lawyer explained)

Рет қаралды 606

Mat Sorensen - Wealth Lawyer & Entrepreneur

7 күн бұрын

Mat and Mark explain how you can leverage your IRA or 401K to invest in real estate, from rental properties to private lending and syndications. Learn the ins and outs of setting up a self-directed IRA, funding it, and managing real estate investments for maximum returns. This episode is packed with valuable insights and practical steps to help you take control of your retirement savings.
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🚀 Disclaimer: This podcast is for educational purposes only and does not constitute financial advice. Consult with a qualified professional before making any investment decisions.

Пікірлер: 6

@GamingXpert 3 күн бұрын

Rockstar needs to sponsor the podcast.

@77Tadams 4 күн бұрын

Thank you for answering my question. Another question. You can borrow up to 50 percent on the Solo 401k for purchasing a property and you can fix that property up on your own. If you want to do the work yourself on the property. If you invest with the 401k then you cannot do the work yourself or your business cannot do the work--you have to hire a third party correct?

@77Tadams 5 күн бұрын

Thank you for this. So you cannot work on a property that your Solo 401k purchases? What are the rules for working on the property?

@MatSorensen 4 күн бұрын

Correct. You can’t do physical work or labor on a property your IRA or solok owns. You can manage and oversee the property but can’t do the actual physical work. You can also do administrative work (leases, take calls on property, collect rents in IRA LLC and pay expenses or manage property manager).

@USCAVHOOAH 5 күн бұрын

If I want the depreciation available to offset W2 income, can I own the building personally and my Roth IRA own the land? Couldn't I get the depreciation benefits from the building and let my IRA purchase the land the building sits on and get rent to go into and grow my retirement acct? 16:24

@MatSorensen 4 күн бұрын

Keep in mind you can only use real rates losses from depreciation to offset your W-2 if you or your spouse are a real estate professional. Most people aren’t. But in the IRA or 401k world you don’t pay taxes on gains or income so there is nowhere for the depreciation to go and you don’t get to say I’ll take losses from my ira against my personal income but leave the income or gains in the IRA. That’s better than paying tax and then getting promise depreciation to offset. No you can’t mix up the land and property between your IRA and personally. That would cause a prohibited transaction.