770: Retirement Accounts Collecting Dust? Use Them to Buy Real Estate! w/Kaaren Hall

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 25 May 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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 Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 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 David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Henry's BiggerPockets Profile Henry's Instagram The Self-Directed IRA: What You Should Know About This Wealth-Building Tool How to Invest in Real Estate With a Self-Directed IRA Book Mentioned in the Show: BRRRR by David Greene Connect with Kaaren: Work with Kaaren Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-770 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is the Bigger Pockets Podcast. Show 770.
0:04.3	Hi, I'm Karin Hall and I'm CEO of UDirect IRA Services.
0:08.0	And I'm going to talk to you about how to use self-directed retirement accounts to invest
0:12.9	in your next real estate deal.
0:14.4	Let's go on on everyone. This is David Green, your host of The Bigger Pockets Real
0:18.0	State Podcast, the biggest the best, the baddest real estate podcast in the world here today
0:22.9	with my co-host, Henry Washington. Today's episode is going to blow your mind. If you're someone
0:29.2	who has struggled thinking, I want to invest in real estate, but I just don't have the funds.
0:34.0	This is when you don't want to miss. It is just for you. Henry and I interview Karin Hall,
0:38.6	a expert in self-directed IRAs who will not only teach you how to use an IRA to fund your deal,
0:44.2	but how to create an IRA out of funds that you have in different retirement accounts.
0:49.1	For everybody who wants to invest in real estate, it feels they also want to keep some money set
0:52.6	aside for emergencies in case there's a recession or protect their family or other reasons. This is a
0:57.2	can't miss episode. Henry, I thought you asked some particularly insightful questions today.
1:02.8	What were some of your favorite parts of the show? I mean, the best part about this show to me
1:06.4	is because it answers one of the most frequently asked questions that new investors ask,
1:14.3	which is, how do I find the funds? How do I get started investing without demolishing my savings?
1:19.5	Where does this money come from? How do I grow a portfolio? This is a phenomenal episode where you
1:26.3	can learn and potentially find a way to find some money that you didn't even know you had or you
1:32.3	could access. This is a great episode for newbies. Yeah, so for experience investors, I'd like you
1:38.3	to keep an eye on the fact that not only may you have funds that you're not thinking about, but when
1:43.0	you're raising money from other people, they may not realize that they have the ability to create
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.