But I thought this was turnkey - what's with all the delay?

[Collin Hays]

I think this is a good primer for anyone in the market for a short term rental.  Feel free to jump in and discuss.

But I thought this was turnkey - what's with all the delay? (biggerpockets.com)

[Michael Baum]

Don’t you have to pay tax to load it in a Roth? Roth IRA seems like a scam to me. 

 It isn't a scam at all. It is a government approved long term retirement vehicle.

If you open an Roth IRA, you fund it with POST TAX money. You pay the normal taxes via your paycheck or whatever. Then the money grows tax free. You don't take a hit when you start to pull from it.

If you have a traditional IRA, you could convert it to a Roth IRA. You just have to pay the income taxes you would have paid in the first place. Then anything grows tax free. Even if you fill it with performing real estate. Every penny is tax free.

Even when you go to sell it. The entire proceeds go to your Roth IRA and it is tax free.

Here is a BP Blog post about it - https://www.biggerpockets.com/...