When real estate investors discover they can use their ira, solo 401(k) or other tax-exempt account to invest in real estate, they sometimes mistakenly think it will take a while to build up the balance needed
to get started with any type of significant real estate investing.
It’s true that CONTRIBUTIONs are limited; in tax year 2021 (you can still make contributions for ’21 through April 15th, 2022) you can contribute up to $6,000 to a traditional or Roth ira when you’re under age 50; up to $7,000 when you’re 50 and older.
Despite these relatively low dollar amounts,
there are strategies for real estate investors looking for ways to grow their ira in a short period of time. Provided you follow the rules, wholesaling or flipping options provide two such opportunities grow a small retirement account significantly.
Wholesaling in an ira
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