How to Use a Self-Directed IRA to Invest in Real Estate – Interview With Sean McKay

by | Jan 22, 2023 | Self Directed IRA | 10 comments

How to Use a Self-Directed IRA to Invest in Real Estate – Interview With Sean McKay




Coach Carson interviews self-directed IRA expert Sean McKay about how to use your retirement account to invest in real estate. You’ll learn what a self-directed account is, the pros and cons of investing in real estate with an IRA or 401k, the rules you need to follow, and examples of how retirement accounts can buy property or make real estate loans.

Learn more or set-up a self-directed IRA or 401k: (affiliate link – if you set up an account I will receive a small commission at no extra cost to you)

Playlist for getting started with real estate investing:

VIDEO TIMESTAMPS:
0:00 – Coach Carson’s Intro
2:30 – Introduction to Sean
6:20 – Looking back, what are your thoughts now compared to then?
8:20 – Chad’s “aha” Moment with Loans
11:10 – Basics of IRA Investment Types
16:37 – Examples of IRA Investment Types
19:15 – Loan Example Walkthrough
22:25 – Private Loan Breakdown
27:20 – Hybrid Loans Combining IRA & Bank Financing
28:25 – Burr Strategy Breakdown
29:15 – Details about an IRA Owning a Rental Property
31:40 – IRA/Loan Breakdown
37:55 – Logistics of owning real estate in IRA & not personally
40:55 – Challenges with Investing in IRA’s
47:40 – IRS Regulations & Rule Breakdown
47:40 – Who do people go-to for helping with rules?
1:01 – Wrapping up, Restatements
1:04 – Next Steps
1:08:50 – Final Tips
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10 Comments

  1. tina wong

    OK…I bought a duplex with my SDIRA about 10 years ago. Now I'm 65…how do I get this out of the IRA without paying a big chunk of tax? Can I do something with a 1031 exchange? Thanks, for any ideas.

  2. Heidi Kempf

    Hi there – one more thing, Coach! During Covid, I have been interested in learning more about real estate investing and have been literally devouring your podcast daily – there is so much great information! I'm trying to take your advice about getting started without allowing myself to become overwhelmed and enter analysis paralysis! As someone approaching retirement (59 – yes, some of us are late bloomers!), I'm not going to be able to retire early if I just get started investing in real estate now, but I found this self-directed IRA topic extremely informative for diversification and I'm now researching that angle. What I would love to hear from you in a future podcast is an interview with someone who got a really LATE start on the investment side who has some strategies to share for those approaching retirement – at the traditional retirement age – say 65-70. I'm very curious about whether the self-directed IRA move to help finance a property through another investor is a smarter choice than getting into investment properties directly on my own. Hearing from someone who has navigated that space at a later age would be really helpful! Thank you so much for sharing such great advice and wisdom through all your channels!

  3. Heidi Kempf

    Hi Coach – great podcast! I went to the American IRA website and downloaded the Guide to Self-Directed IRAs. I think you mentioned that you would share Sean's email address in the show notes, but I don't see it. Are you able to share? I would love to discuss my situation with him and consider this move. Thank you!

  4. mazske

    Coach, I'm M.K in your recent course. I'll post there to, but I currently have one home in a SDIRA, Roth. We just set one up for my wife, transferred funds into it and are in the process of buying a home in her account. I sent an email to you. I hope you can take us up on that request. Thank you!

  5. Victoria Torres

    Great interview, thank you Coach!

  6. Robert Smith

    Great content, Coach. What do you use as a proof of funds when making an offer using someone’s IRA?

  7. Ian Harvey

    Great video Chad, and very interesting topic. I heard about this from one of your other podcasts and reached out to Sean a while ago (referencing you of course). I understand that they aren't allowed to match people with such IRA's with those of us who want to borrow. Is there any way to find people that are looking to lend against their IRA's? If so, maybe another topic for a video podcast sometime soon? I look forward to your videos each week and am enjoying your Property Analysis course happening now – learning a lot !

  8. AJ Mida

    Hey Carson, I really like your style. I can tell you are a numbers guy. I know your course is closed. Do you do any paid 1-on-1 coaching? Please email me aj.mida@exprealty.com

  9. Rick Thain

    Great info Coach. Though about using my IRA but never knew about using other people's IRA. Thanks Coach and Sean.

  10. Sam

    Awesome and timely for me Coach!

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