Q&A: How Can I Use an Old 401k to Invest? – Episode 941

What can be done with an old 401k? Is there any way to use it to invest in real estate? That’s the first question I’m answering on today’s show!

On this episode of Investing in Real Estate, we’re going to talk about the future of the US dollar and how it relates to real estate investing. Then I’ll answer three of your great questions about investing with an old 401k, UBIT taxes for self-directed IRAs, and how to make a return on investment if you don’t have enough funds to buy a rental property. Click play to hear more!

On this episode you’ll learn: 

• What to do with an old 401k account.
• How to learn more about UBIT tax and self-directed IRAs.
• The best way to invest $5k or less.
• And more!

What to Do with an Old 401k Account

Utilizing an old 401k account is a great way to invest in real estate. You can convert that old account into a self-directed IRA, and that’s exactly what our team does. You can schedule a free call at morrisinvest.com and we can help you set up an account in minutes. You can use the funds in a self-directed IRA as a down payment on a rental property in America’s best rental markets.

How to Learn More About UBIT Tax and Self-Directed IRAs

To my knowledge, I’ve never had an issue with rental property income in a self-directed account being subject to UBIT tax. However, taxes can be complicated and can vary based on your situation and how you have things set up. Be sure to work with a CPA who is knowledgeable about real estate investing to ensure everything is being done correctly.

The Best Way to Invest $5k or Less

Morris Invest and our team at SDIRA Wealth have been working to find something that can help people who are saving for a down payment.

If you’ve exhausted creative funding avenues (private money, partnerships, etc.) and don’t have enough to put down on a property yet, you can still invest in real estate while building that down payment amount.

We’ve partnered with a company called Connect Invest that allows you to earn 7-9% on your cash through real estate short notes. You can choose lengths of 6-24 months and you can open a free account with as little as $500.

You can check it out at morrisinvest.com/connect

Many people on our team have put their own money to work using Connect Invest, and we’re really excited to be able to offer this to people working on getting a down payment.

Ask Me a Question at morrisinvest.com/clayton

Episode Resources
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morrisinvest.com/connect
morrisinvest.com/Clayton
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

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