Investing In Real Estate with Retirement Accounts | HIDDEN Secret

How To Invest in Real Estate with A Retirement Account (yours or someone else) In this video I am going to show you how to use a retirement account like a 401(k) or another person's retirement account, OPM (other people's money) to invest in real estate!

Now, as many of you may be thinking, is it legal to use your or someone else's retirement account to invest in real estate? The simple answer is YES.....BUT it depends on what retirement account you have that would qualify you to use your retirement account to invest in real estate. There are several ways to invest in real estate with your retirement savings but it may require you to execute a roll-over into a different retirement savings account that is structured properly to invest in real estate. So if you have an existing 401k or IRA, these have the ability to convert into an account that will help you invest in real estate with your retirement savings!

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This all started about 3 years ago when I was introduced to this strategy by a Tax Attorney, Mat Sorensen, using a Self-Directed IRA retirement account to invest in Real Estate.....LEGALLY!

So here is how I used retirement savings to invest!

I found a deal that was actually located in my neighborhood, the home was up for $30k and it needed around $28k worth of rehab costs. And since I was familiar with the average price of the neighborhood homes, I knew that this property would sell for just around $100k. So with everything involved, I was looking at a $30k profit if the property sold.

So what I did is that I found an investor with around $200k in their retirement savings. This individual was already looking to invest in real estate with their retirement savings (this made it easier). So what I did, I broke down the process of how to invest in real estate with your retirement savings. The first step is to roll-over the funds into a Self-Directed IRA Account.

Self-Directed IRA Accounts let you invest into real estate, companies, businesses.......anything within the guidelines of the IRS. You can also open an LLC within the IRA account to control the account with a legal entity for protection. This also helps access the funds from the retirement account because you can open a checking account, to pay for the home and rehab costs. So overall, the process goes like this: Roll-over existing retirement savings into a self-directed IRA, set-up an LLC for control of the IRA, Purchase, Rehab, Profit! And that's how you invest in real estate with retirement savings!

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---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.

[avguru]

Great content. more information on this topic.

[Thelabenji]

Very interested! Please chat more about it.

[torrejef]

Good content, definitely more info on SDRP would be great. Thanks

[eo]

With out a doubt Matt Sorensen and Mark Kohler are two of the most educated attorneys I've ever met when it comes to Taxes, SDIRA's and incorporating it in to Real Estate investing.

[ZachSchieffer]

Awesome video here! Would love to see more videos about SDRPs!

[tessiechu]

SK, am I crazy? Hope not. My friend took out a large sum from 401k tax 20k!! We need to know more about SDRI plan. Smart Sense. Thanks for your videos. Learning alt!! Congrats on 101k subscribers!!

[higherspirit]

Wow, thanks for this insightful video!

[Ddkrew]

Yes..definitely more about this. Thanks!!

[johnmark]

How can I invest in real estate and receive a stable dividend

[montrosepm]

Can I rollover a portion of my 401k to SDIRA? Can I use it as a down payment for a loan for the property? Also can I fund the rehab outside of the SDIRA? I'd want to do this on my own and not opm.

[DavidSmith-wrvj]

Step 1 be in a state with 30k houses, ....

[thestockschannnel]

Why is nobody talking about crypto currency? It’s the best investment anyone can do now