However, I am not a promoter of investing in rental real estate within retirement accounts, specifically SDIRAs (unless, of course, the situation prohibits alternative options), to begin with; there are downsides that compromise the tax benefits of the investment (loss of depreciation and other deductions, potential UDFI, loss of preferential LTCG treatment, etc.).

I recently came across someone on Instagram who was promoting his business/strategies for people to pursue to achieve financial freedom as quickly and best as possible.

What are you trying to accomplish (buy/sell/promote??) 

And just because of that Id be highly wary of anything he promotes......

But if the effort that went into promoting it for inclusion in the 2024 legislative session was not successful, it makes you wonder about the issue's traction in the future.

I don't want to get in trouble for self-promoting it on here, so just click around on the website, it's pretty obvious.

(And, beware of promoters that are selling captive insurance as a tax-shelter; not saying that they none of them provide the purported tax benefits - just that you need a captive insurance tax expert help you make informed choices.)

Were this dispute taking place in the state of Virginia, number three would generally be the route that I would promote going.

I eventually sold everything.Fast forward several promotions and a few relocations later, I’m now in my early 40’s.

Bigger Pockets has proved to be an invaluable resource as myself and my business partner continue to vet turnkey providers and promoters.