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Insider Secrets Real Estate by Mike Morawski

Jul 4, 2023

Key Takeaways

Alternative investments exclude collectibles like art and cars, as well as assets that involve personal use or benefit.

Self-directed IRAs allow individuals to invest in various assets, such as rental properties, without directly benefiting from them or performing any related work.

Short-term rentals, including Airbnb, can be included in an IRA investment, but the tax implications can be complex depending on whether the income is considered passive or active.

Different types of IRAs include traditional, Roth, SEP, simple, solo 401k, and health savings accounts (HSA).

Tax considerations such as UBIT and UDFI may apply to IRA investments and could result in taxes owed, but deductions can help offset the tax liability.

It's important to have a cushion in your self-directed IRA to cover expenses and potential capital calls.

Self-directed IRA providers like uDirectIRA make the investment process easy with dedicated transaction coordinators.


[00:42] Intro to Podcast

[02:20] Intro to episode guest

[03:33] One word that describes Kaaren personally and professionally.

[04:02] So let’s talk about your history and how you started uDirect and what you guys do.

[07:34] Kaaren explains what a self-directed IRA is and how people can use it.

[11:16] Let’s talk about the different types of IRAs.

[19:55] What's your experience as a crypto administrator regarding people's investments and ATM machines?

[22:17] How about depreciation? Can you talk about that a little bit? Are you allowed in your self-directed to take a depreciation?

[26:15] Any other new guidelines or rules that are exciting for people that have happened or are going to happen that you know of?

[30:30] What alternative investment options are available for my self-directed IRA when I don't have enough funds for contributions or rollovers, and how can I maximize returns in such situations?


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