Question for John Hyre - Posted by Micheal Wong
Posted by Micheal Wong on July 23, 2003 at 23:54:06:
What are your thoughts on doing rehabs/flips in a self-directed retirement account? Do you know what actions would classify the IRA as a dealer and thus every flip is subject to UBIT? i.e. doing 2 flips a year is OK, but 5 or more is not, etc. Or is not that cut and dry? Any tips in this regard? I’m looking to grow my self-directed retirement funds as quickly as possible, and while I can earn a nice and safe 15-25% a year buying notes, etc. I keep thinking there has to be a lot more out there. If I could do rehabs and flips I could earn a much higher yield in the long run. Any other suggestions on how to grow an IRA fast ?