Using Your IRA To Invest In Multifamily Real Estate With Reneika Lightbourne

February 8 2023

40 mins

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Using Your IRA To Invest In Multifamily Real Estate With Reneika Lightbourne

About this podcast

Are you sitting on a lot of retirement money and want to put it into a high-yield investment or diversify an investment?

Reneika Lightbourne is a business development specialist for Advanta IRA. In this insightful episode of Real Estate Investing For Medical Professionals with hosts Ravi Gupta and Colm McEvilly, she offers advice on understanding self-directed IRAs and how to invest in real estate and other alternative assets.

This show is full to the brim with real estate investment tips for medical professionals, as well as anyone wanting to understand the difference between a self-directed IRA and a 401K.

Making your money work smarter for you begins here as Reneika explains everything, from what these different investment vehicles offer us from a tax perspective to the nitty gritty on costs and transactional fees. Can you buy a Michael Jordan playing card with your self-directed IRA? Tune in to find out!

Connect with Reneika Lightbourne:

Connect with Viking Capital:

Connect with Ravi Gupta:

“A self-directed IRA simply means that you, as the account owner, have complete control over your retirement funds. It allows you to really diversify into alternative assets.” – Reneika Lightbourne 

Key takeaways

  • Understanding a ‘self-directed IRA’
  • What a 401K can be used for
  • Why diversifying your IRA into real estate is a ‘no brainer’
  • The type of challenges one can expect when transferring an IRA
  • Unpacking the restrictions when it comes to investing in real estate
  • Understanding the benefits of a solo 401K
  • Don’t let the tax tail wag the investment dog!
  • The fees one can expect to pay
  • Looking at the restrictions on how many deals you can do
  • Be mindful of the new IRS agents out there!
  • How to juggle your solo 401K with your side business
  • The three ways you can fund your account
  • Taking the fees you have to pay from your 401K account