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Wednesday, 18 September 2019
Agent Resource Center
This Old House - Do-it-Yourself

Flipping Property with a Self-Directed IRA

Written by Posted On Friday, 06 September 2019 10:02

Flipping property with a Self-Directed IRA...

There's an importand distinction between investing and dealing in the eyes of the IRS! The answer is yes, you can flip property using an IRA, BUT you’ve got to be careful because at some point you cross the line between being an investor and being a dealer. And the government doesn’t want tax-privileged money competing unfairly with taxed money, so if you pull money out of your pocket and go buy something, flip that property, you’re looking at normal income tax on that situation. If you use a retirement account to do that same thing, you might be able to do it once or twice but at some point, you’re going to have a tax problem because you’re not holding the property for investment. You’re now holding it for resale and you’re going to be subject to something called UBTI, unrelated business taxable income... 

Watch below as David Moore of IRA Advantage walks us through the Do's and Dont's of flipping property, and give us a call today with questions! There is no better time to start investing in what you know... with the most powerful wealth building tool in investment history! 

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David Moore

David Moore, CEO, founded Equity Advantage with his brother Tom in 1991, after a successful real estate investment career. David is a nationally recognized expert on 1031 exchanges and a former board member of the Federation of Exchange Accommodators. David is a Certified Exchange Specialist (CES).

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