Maximizing Real Estate Investments and Tax Management

This chapter explores tools and services that help real estate investors enhance their networks and property management. It features discussions on a dedicated concierge team, a specialized CRM, the benefits of Airbnb's co-host network, and an easy transition to H&R Block for tax preparation.

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The wealthy are using one unique retirement account to build their fortunes tax-free. You may have never heard of it, but knowing about it can change the course of your retirement planning, allowing you to invest in much more than stocks, index funds, and bonds in your retirement accounts.

We’re talking about making passive real estate income tax-deferred, flipping houses and sheltering the profits for when you retire, or having a rental property portfolio producing massive passive income, all with the tax benefits of your 401(k), IRA, or Roth IRA.

We’re, of course, talking about the self-directed IRA (SDIRA) and the sizable benefits that come with it.

To help, John Bowens (Certified IRA Services Professional) from Equity Trust is on the show to share the tax advantages most Americans have zero clue about. Scott starts the interview by coming in hot, throwing out his most significant objections to an SDIRA. We were even surprised by just how many benefits this single account has and how you can use it in ways most people would never assume of a retirement account.

We’re talking about how to buy rental properties IN your retirement accounts (and profit from them tax-free/deferred), whether a self-directed IRA or 401(k) makes the most sense for you, the “material participation” rule that you CANNOT afford to break, and how much this account costs to set up. This is a game-changing account for retirees who want to live a rich life, so do not skip out on it!

In This Episode We Cover

Scott’s biggest objections to the self-directed IRA (is he wrong?)

How to get tax-free/deferred passive income from real estate in your retirement accounts

The one tax that you MUST know about before investing in an SDIRA

Can you get a mortgage for a rental property in an SDIRA?

How much an SDIRA costs to set up and keep going (less than you’d think)

And So Much More!

Links from the Show

Mindy on BiggerPockets

Scott on BiggerPockets

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