Investing In Short Term Rentals With Your Self-Directed IRA (SDIRA) – IRA Quick Tips

Today, we’re talking about a crazy hot topic in the alternative investment market right now: short-term rentals.

Here at NuView, we’ve been getting lots of people calling and asking questions about short-term rentals.

Our RS Manager, Brian Martinez has learned some important factors of these investments from his clients along the way, and the key take-away here is that you can own a short-term rental inside of your IRA.

Important Considerations For Owning Short-Term Rentals.
There are a few other things you’ll want to take in consideration when owning any short-term rentals with your self-directed IRA.

The first thing to understand is that these types of investments may be subject to something called UBIT, which means: Unrelated Business Income Tax

This is because owning a short-term rental is like owning a business (think of owning a hotel). But just because there is a tax on it, does not mean you can’t make great profit off of your own short-term rental.

“With proper due diligence and a prime location, great profit can be made with short-term rentals.”
– Brian Martinez, Retail Sales Manager, NuView Trust Company

Now, you need to do your due diligence first. Make sure the Airbnb, VRBO, or whichever short-term rental you are using, is in a prime location where you are going to get consistent traffic and tenants.

This will ensure that you are going to make good returns on your investment. For example, Brian owns a short-term rental too – a condo right outside of Daytona Beach.

Then, you should double-check with your county to make sure it’s even permissible to own a short-term rental. When Brian first checked with Daytona, these types of property investments were not allowed. Instead, he went just outside of the county and found a condo to use as an Airbnb, which has worked rather well so far.

In regards to upkeep, you should consider hiring a property management team, because you’re not allowed to do the cleaning yourself.

This makes a property management team a good investment in addition to the short-term rental(s). Having that team will take a lot of stress off you in maintaining the property and keeping up with the tenants.

At this point, all you’ll have to focus on is that cash flow coming in and getting deposited right back into your IRA.

If this was helpful to you, make sure to stay connected with NuView Trust by doing the following:

– Subscribe to our YouTube channel
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– Contact us directly with questions or ideas at: IRAspecialists@nuviewtrust.com

We go live with education almost daily.

We love to provide investors the true story of what’s possible inside of an IRA, and possible inside of a 401k.

Visit our website to learn more.

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