Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Greg Bonhotal

Greg Bonhotal has started 1 posts and replied 1 times.

At a recent one day guru seminar, they seemed to indicate that a Self Directed Roth IRA could be used by a wholesaler to pay the down payment to a distressed seller when putting their home under contract.

They used the example of $100 Paid to seller from the Self Directed Roth IRA, then when the contract is resold, the money from the buyer of the contract would be paid directly into the Roth IRA, at closing.

So a $100 investment would return $5000 to $10,000 in theory.

This seemed too good to be true, but I had to ask.

It seems to indicate there would be no practical limit to how much you could add to a Roth IRA in a year.

It also seems to indicate that all the proceeds from wholesaling would never really be taxed.

If this is not allowed, Is there a best practice for Wholesaling in a Self Directed Roth IRA for most ALLOWED benefit?

I am new to investing, and apologize if this is a crazy question.

Thank you for all you teach me on Bigger Pockets!

P.S I didn't buy the Course.