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Saturday
21
APR

How to Invest Real Estate via an IRA or 401k

09:00
17:00
Michigan Real Estate Investors
Event organized by Michigan Real Estate Investors

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Three and a Half Hours of RE Bookkeeping Basics in Quickbooks

We'll put QuickBooks up on the screen LIVE and set up a real estate company, step-by-step

Learn the SIMPLE accounting for:
Funding the Company
Getting Property Purchases & Sales on the Books
Producing an Income Statement for each Property
Producing a Balance Sheet for each Property
How to record everyday transactions - writing checks, making deposits, etc.
If you are not keeping excellent books, you are subject to automatic IRS penalties, overpaying your return preparer, cannot plan to minimize your taxes, and can forget your entities providing asset protection.

Three and a Half Hours of IRA / 401(k) Questions and Answers

Object of Class: Learn the basics of what you can and cannot do with an IRA / 401(k), both with your own and when using money from others' accounts. Learn high-yield techniques to balloon income, tax-free of course. How to avoid disqualification of IRA (Prohibited Transaction Rules) and avoid paying tax in IRA (UBIT or Unrelated Business Income Tax). How to use LLC's in IRA, including deciding whether or not LLC makes sense for you. Examples of investments in IRA, including how to super-charge rentals, how many flips can be run and other RE-related techniques. Plain English format, open for Q&A throughout.

Prohibited Transaction Rules

How Aggressive Should One Be with IRA Tax Rules?
Impact of Prohibited Transaction on your IRA
Related Parties
Related Parties Most Everyone Knows About, Review
Traps to Avoid: More Subtle Related Party Rules Designed to Disqualify your IRA
Sole Benefit / Indirect Benefit Rule
Much more Subtle & Dangerous Than Related Party Issues, Rarely Discussed
For example, why renting IRA-owned condo to your boss at full rental rates with no discounts ruins your IRA
Issues with Clever Transactions
Options
Participating Loan
When IRA's Are Taxable: UBIT (Unrelated Business Income Tax)

Use of Debt in an IRA
When it's taxable, when it's not
Taxable Trade or Business in an IRAWhen does eating the tax make sense?
Buy / Sell / Flip Transactions as a Trade or Business
Rentals as a Trade/Business
IRA-Owned / Checkbook LLC's

Asset Protection - does your IRA Need It?
Partnering - Advantages & Disadvantages of LLC when Partnering
"Checkbook" Privileges - Do you Need to Write the Check Now?
Investment Options (with Examples)

Rentals
Subject-To
Buy-Rehab-Sell
Wholesale Buy-Sell