770: Retirement Accounts Collecting Dust? Use Them to Buy Real Estate! w/Kaaren Hall
BiggerPockets Real Estate Podcast
Shownotes Transcript
Did you know you can invest in real estate using funds you’ve probably forgotten about? For years, you’ve been socking away money into your IRA or 401(k) to ensure an abundant retirement. The problem? You’ve only been able to invest those funds into passive investments like stocks, bonds, and mutual funds. What about the investors who want a more active income stream with bigger tax benefits, more equity upside, and plenty of cash flow? Can you use your retirement accounts to build wealth with real estate?
If you ask Kaaren Hall, her answer is a resounding yes. Kaaren saw quickly how the real money was being made in real estate, so she began investing herself, later realizing that she could use her retirement funds to build a real estate portfolio faster. She founded uDirect IRA Services to help other investors build wealth a better way, opening up more options for passive income, so your retirement accounts can grow into the millions.
If you want to scale your real estate portfolio but don’t have the cash on hand, this could be your PERFECT option. Kaaren goes over exactly how to use your retirement accounts to invest in real estate, what you can (and definitely can’t) do when investing this way, and how you can start raising capital for your own deal using other people’s retirement funds. This is a $40 trillion untapped opportunity, so don’t miss out!
In This Episode We Cover:
Tax-free real estate profits and using self-directed IRAs to build your retirement accounts
How Kaaren used retirement funds to buy her newest investment property
The self-directed IRA explained and why SO many savvy investors use one
The “layers” of retirement that’ll help you build massive wealth for later in life
Mistakes you can make when using self-directed funds to invest (and how to avoid them)
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Hear Dave on the “On the Market” Podcast
Subscribe to the “On The Market” YouTube Channel
The Self-Directed IRA: What You Should Know About This Wealth-Building Tool
How to Invest in Real Estate With a Self-Directed IRA
Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth"
Book Mentioned in the Show:
BRRRR by David Greene
Connect with Kaaren:
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-770
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