How YOU Can Purchase Land! | Using Self-Directed IRAs & 401Ks

Рет қаралды 11,862

3 жыл бұрын

Whitetail Properties Co-Founder Dan Perez discusses a few ways you can purchase land using a self directed IRA or 401k. Purchasing a piece of property might be the single largest investment someone makes, and it can seem out of reach or overwhelming to some. But, if you do your research and talk to the right people it might be more attainable than you think!
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Пікірлер: 48

@sprintbulls 3 жыл бұрын

Never knew this was possible. I've been trying to buy a small tract of land for years. This makes it seem more of reality now. Thanks for sharing the info.

@Whitetail_Properties 3 жыл бұрын

That’s awesome, we love to hear we were able to share some encouraging information!

@aarongoeppner413 3 жыл бұрын

Great video!

@PureBreedProductions 3 жыл бұрын

Great explanation, Dan! I have two clients that buy small tracts at a discount, then I help sell them for a significant profit. The proceeds for the sell go right back into their self directed IRA…then, they do it again! They have paper funds, too, but are using this method to capitalize in this “on fire” market and reap some rewards! They don’t care to own the land for more than 6 months and do a lot of due diligence before the purchase, but like you’ve illustrated, this could work great for folks who have significant IRA funds who don’t think they can afford to buy land. Great video!

@Whitetail_Properties 3 жыл бұрын

Yup you got it! Thanks for the positive feedback!

@seanbalch7563 3 жыл бұрын

Wow. I got some good money in my 401k and I’m trying to figure out how to buy land?! SMH. I need to talk to a CPA and real estate lawyer fast. Thank you for this info. I was considering borrowing from my 401k but this sounds much better

@kybucks5086 3 жыл бұрын

Not sure what would be worse not owning it or not being able to actually hunt per irs rules. Only way would be to buy to parcels next to each other one with directed ira other conventional method.

@jasonbroom7147 3 жыл бұрын

For those of us with considerable assets in 401k or IRA's, and would absolutely be buying hunting land anyway, this is a GREAT option. The tax-deferral advantages, alone, make it an exceptional idea. I'm also willing to bet that the actuary holding the self-directed IRA could, with your permission, lease the land out to a very well-vetted party (YOU!) for hunting access. This looks like a no-brainer, for some folks. Haters need not reply.

@kybucks5086 2 жыл бұрын

Dont think u can. No self dealing.

@jasonbroom7147 2 жыл бұрын

@@kybucks5086 - You're right, you can't lease it. Learned that today. You cannot benefit from the land, financially, in any way. I'm not sure this excludes you from simply being on the property or hunting it, as long as there is no financial consideration, either way.

@travisaasen3373 2 жыл бұрын

The key to your statement is "Considerable assets in your 401K/IRA". I would agree 100% that those that don't have that large chunk should NOT do this(Note: No one defines large chunk -- thats up to you and your spouse). For those that do this is just another form of diversification for your portfolio. I personally worked with a gentleman that did this in the early 2000's to buy a resort in Northen MN. It worked out pretty well for him. God doesn't make anymore land and I do consider land an investment.

@jasonhaga5412 3 жыл бұрын

I looked into this and the financial advisor told me there was more risk then reward.

@Whitetail_Properties 3 жыл бұрын

Like Dan said. People who don’t know much about it are going to shy away from it. It works with the right advisor, property etc. Keep asking around and find someone who knows what they’re doing.

@Whitetail_Properties 3 жыл бұрын

@E S Dan is the Co-Founder of a billion dollar real estate company, I’d say he’s pretty smart 😁

@tjbbmr 3 жыл бұрын

@E S Wrong. He’s NOT dumb. He’s actually correct. He should’ve added this is not for everyone. That’s all.

@garrett1188 2 жыл бұрын

@@Whitetail_Properties mic drop

@garrett1188 2 жыл бұрын

Are you allowed to use this land for recreation? I have read that you are not able to use the land as it's strictly for investment purposes only.

@keithcameron6894 2 жыл бұрын

Researched this years ago and found the same thing. Can’t use it until you’re retirement age without penalty. Just like any other retirement account

@seanbyrne6128 Жыл бұрын

It would probably be a good idea to take this video down. The SEC or FINRA could see this and rule that you are giving financial investment advice when you are not certified to (unless you have the equivalent Series exam certifications as well as registration with FINRA and the SEC). This is why people who talk about stocks label their videos with a disclaimer that says “Not Financial Advice”. They also specifically don’t instruct or recommend doing anything like you did in this video, they just say that “they like the stock”. This video is treading murky waters with the financial regulators. On top of that, this is all extremely misleading since the investable land can’t be used for hunting or recreational purposes until retirement or separation with the custodian of the 401k/IRA. Plus, most people have only a select few 401k companies (Vanguard for example) and these companies don’t do any of these things. As someone who is a fan of your company but who has also worked in Financial Planning before, it would be a good idea to take this video down before FINRA/SEC sue you to take it down.

@craigholland2274 2 жыл бұрын

Yeah , don't do this. Not good advice.

@patrickprochno1321 2 жыл бұрын

Would the "expert" be an adviser with the company that manages my 401k, a banker, or an attorney? I want to look into but not positive where to start. I want to be sure this person is an expert and not blowing smoke.

@kirkgilbert4456 2 жыл бұрын

Hey Patrick. Yes, you would need to consult your adviser who manages your 401k and an attorney.

@lawrencedonna8240 3 жыл бұрын

Dan, isn't it true that you cannot actually hunt on the portion of the farm that is owned by your self directed IRA?

@tjbbmr 3 жыл бұрын

True. Cannot use it personally. This includes related parties as well. Close relatives included.

@lawrencedonna8240 3 жыл бұрын

@@tjbbmr That is what I thought. I have spoken with custodians in the past and that was the case. Wasn't sure if it had changed. Makes this video a bit misleading as most I am sure are under the assumption their IRA can own land and they get to hunt it. The video also leaves out that your 401(k) with your current employer can't own land, it has to be rolled into an IRA first and you can only do that if you are no longer working for the company or in some cases, over 59 1/2.

@tjbbmr 3 жыл бұрын

@@lawrencedonna8240 He did it right. He separated the tillable and non-tillable. He funded the revenue piece, the tillable. He could use the timber since it wasn’t in the IRA. Obviously you must have non-qualified funds to buy the non-tillable.

@benwagner3481 2 жыл бұрын

I wish everyone that talks about self directed IRA's would put it out front that you can't hunt, use, or benefit in any way on the investment property. Including non-qualified people such as relatives. There are not any legal loopholes around it that I have seen.

@waltbuzby8644 Жыл бұрын

Where do find a professional that is experienced in this ? My 401k is through a firm that my workplace uses and they said there is no way i can do this !

@Whitetail_Properties Жыл бұрын

You will hear that pretty commonly because of the amount of knowledge and work involved. Shopping around is your best bet until you can find someone competent enough to handle it.

@waltbuzby8644 Жыл бұрын

@@Whitetail_Properties gotcha, thanks for the response. Been looking for couple years now. Any tips for trying find these kind of agents ?

@Whitetail_Properties Жыл бұрын

@@waltbuzby8644 Best advice is to be as informed as possible on the topic and shop around. When they hear and understand that you have done your homework they will be more likely to work with you. Some just aren't capable though.

@afk9handler 2 жыл бұрын

Yeah...no...

@johnstobbscpa8081 3 жыл бұрын

Great idea. Do you know of a custodian who'll allow someone to hold land?

@tjbbmr 3 жыл бұрын

Forge Trust.

@BenDownTooLong 2 жыл бұрын

This presentation would have benefitted from a couple of graphics related to the complicated invest strategy instead of the incessant Sitka ads that were appearing on screen. I am not trying to down play the advice but man was it ham handed.

@danielzielinski6410 2 жыл бұрын

It would be a lot better if companies like this stopped jacking up prices making it unaffordable for most people. Between that and leasing they single handly ruined the hunting industry. You have a piece of straight junk swampy low lying land for sale less than mile from my property for 3000 dollars an acre in an area where 1250 to 1500 is the going rate for good land with future timber value Lol. All you do is make the dream out of reach for most people and raise taxes on the rest of us when they do a reval. Thankfully we bought our land in the late 90s before the internet

@Whitetail_Properties 2 жыл бұрын

The landowners determine the listing price of their property, not us. We represent them, market the properties we list and try to connect buyers and sellers. We also don't deal in leasing of properties at all.

@josephpeluchette191 3 жыл бұрын

My f a says this very risky

@tjbbmr 3 жыл бұрын

Don’t over allocate to the asset class. That’s the risk. Also need to take into consideration your time horizon. Run the numbers. Revenue vs expenses and appreciation. Calculate cash flow and ROE. I bet your Fa has you in the stock market as well. No risk right? Wrong. He doesn’t like it because he can’t get paid on it. #facts

@josephpeluchette191 3 жыл бұрын

@@tjbbmr probably truer than I'd like to admit but he did make me 14 percent return of which he gets one

@tjbbmr 3 жыл бұрын

@@josephpeluchette191 In this market he better get you 14%. At least!

@bubba1154 2 жыл бұрын

This smells a little fishy. I would honestly rather keep my money in mutual funds with a 12% annual return. #DaveRamsey

@dieselpusher2548 2 жыл бұрын

Yeah I already know how these guys are buy land cheap and sell it way over priced exactly why I wouldn't buy a inch of ground from these clowns

@Whitetail_Properties 2 жыл бұрын

When we list a property for a client the list price is ultimately up to them. We can show them comparisons of similar properties sold around theirs, soil and crop production data, etc. But, If they want to list it for X amount of dollars that is their decision, not ours.

@dieselpusher2548 2 жыл бұрын

@@Whitetail_Properties save your smoke for someone else

@Whitetail_Properties 2 жыл бұрын

@@dieselpusher2548 Just trying to inform.

@butt562 2 жыл бұрын

@@Whitetail_Properties This is 100% true right here. I've personally purchased and sold recreational property using Whitetail Properties. Great people to work with. This is exactly how it works.

@Whitetail_Properties 2 жыл бұрын

@@butt562 Thanks Sean! We're very happy to hear that you have had positive experiences when working with our land specialist!!