Whitetail Properties Co-Founder Dan Perez discusses a few ways you can purchase land using a self directed IRA or 401k. Purchasing a piece of property might be the single largest investment someone makes, and it can seem out of reach or overwhelming to some. But, if you do your research and talk to the right people it might be more attainable than you think!
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Yeah…no…
What would these experts be called ? I have a 401k with a firm and they dont know anything about it. Would love to do this
This presentation would have benefitted from a couple of graphics related to the complicated invest strategy instead of the incessant Sitka ads that were appearing on screen. I am not trying to down play the advice but man was it ham handed.
This smells a little fishy. I would honestly rather keep my money in mutual funds with a 12% annual return. #DaveRamsey
It would be a lot better if companies like this stopped jacking up prices making it unaffordable for most people. Between that and leasing they single handly ruined the hunting industry. You have a piece of straight junk swampy low lying land for sale less than mile from my property for 3000 dollars an acre in an area where 1250 to 1500 is the going rate for good land with future timber value Lol. All you do is make the dream out of reach for most people and raise taxes on the rest of us when they do a reval. Thankfully we bought our land in the late 90s before the internet
Yeah , don't do this. Not good advice.
Would the "expert" be an adviser with the company that manages my 401k, a banker, or an attorney? I want to look into but not positive where to start. I want to be sure this person is an expert and not blowing smoke.
Yeah I already know how these guys are buy land cheap and sell it way over priced exactly why I wouldn't buy a inch of ground from these clowns
Are you allowed to use this land for recreation? I have read that you are not able to use the land as it's strictly for investment purposes only.
For those of us with considerable assets in 401k or IRA's, and would absolutely be buying hunting land anyway, this is a GREAT option. The tax-deferral advantages, alone, make it an exceptional idea. I'm also willing to bet that the actuary holding the self-directed IRA could, with your permission, lease the land out to a very well-vetted party (YOU!) for hunting access. This looks like a no-brainer, for some folks. Haters need not reply.
Not sure what would be worse not owning it or not being able to actually hunt per irs rules. Only way would be to buy to parcels next to each other one with directed ira other conventional method.
Dan, isn't it true that you cannot actually hunt on the portion of the farm that is owned by your self directed IRA?
Great explanation, Dan! I have two clients that buy small tracts at a discount, then I help sell them for a significant profit. The proceeds for the sell go right back into their self directed IRA…then, they do it again! They have paper funds, too, but are using this method to capitalize in this “on fire” market and reap some rewards! They don’t care to own the land for more than 6 months and do a lot of due diligence before the purchase, but like you’ve illustrated, this could work great for folks who have significant IRA funds who don’t think they can afford to buy land. Great video!
My f a says this very risky
Great idea. Do you know of a custodian who'll allow someone to hold land?
I think there are some caveats to this like being over 59.5 years old to take all of it, not employed anymore by the contributing employer, etc.
Great video!
Wow. I got some good money in my 401k and I’m trying to figure out how to buy land?! SMH. I need to talk to a CPA and real estate lawyer fast. Thank you for this info. I was considering borrowing from my 401k but this sounds much better
I looked into this and the financial advisor told me there was more risk then reward.
Can this be done with a 403b does the land have to make $ ?
Never knew this was possible. I've been trying to buy a small tract of land for years. This makes it seem more of reality now. Thanks for sharing the info.