Realty411 Magazine Featuring Missy McCall-Hammonds | Page 65

How to Earn Tax-Free Wealth on Real Estate Deals and Meet Hundreds of Other Investors There is a (legal) way to make tax-advantaged profits on your real estate investments. E quity University’s Wealthy Build- ing Summit was created 6 years ago to reveal those strategies from the successful investors using them and to help investors connect. Many real estate investors have been surprised to find out that they could pay fewer taxes – or defer tax payments – on profits from their real estate and other investments. It may not seem possible, but it’s true – and legal. Government sponsored retirement plans such as IRAs and 401(k)s, as well as healthcare and education savings accounts, allow the plan holder to invest in almost anything – including real estate. In addition to all the benefits those plans provide—tax-deductions and tax-free profits—apply to nearly any investment the investor chooses, including real estate. investing account custodian that inves- tors can use retirement funds to invest in real estate or any of the other asset options permitted by the Internal Revenue Service. Self-directed investing account custodians answer to the IRS just as any other IRA provider, it’s perfectly legal and it has been since the creation of the IRA in 1974. Event Created to Help Investors Get Started “Is it hard to do?” is a common ques- tion about investing in real estate with a self-directed IRA. It is very similar to the way you currently invest in real estate. There are just a few rules unique to self-directed IRAs that investors should be clear on before they get started. year, to the point that more than 500 attendees are expected for the 2014 con- ference, which will take place September 19-21, 2014 in Orlando. Many attendees return to the conference year after year because each conference produces a new slate of successful investors sharing their strategies. In addition to providing the knowledge investors need to understand the unique aspects of self-directed real estate invest- ing, the event offers a chance to discover strategies that they might never have considered or thought was possible. Some of the topics that will be dis- cussed during the weekend’s 30-plus hours of education include: An inside look at up-to-the-minute market trends from an industry authority Education is just one component of successful self-directed investing; the other is getting in front of the right people. Reducing Taxes on Real Estate Profits Since 1974 Most investors don’t know this oppor- tunity exists because most custodians of IRAs (and other savings accounts) do not offer truly self-directed IRAs that allow Americans to invest in real estate and other non-traditional investments. According to industry estimates, only about 2 percent of Americans are current- ly taking advantage of self-directed IRAs. This is likely because most financial institutions don’t have the capability to offer this type of account, and financial advisors aren’t incentivized to set their clients up with this strategy. It’s only through a self-directed Realty411Guide.com The key to self-directed success is gaining the knowledge to confidently carry out that first deal. Realizing this fact, self-directed IRA custodian—Equity Trust—established an educational arm of the company—Equity University—to help self-directed investors become more successful. Equity University furthered this mis- sion six years ago with a three-day event that combines self-directed investing education from top industry experts and successful Equity Trust clients with opportunities to connect with hundreds of other investors across the country. Based on the success of the first year, Wealth Building Summit has become an annual conference. It has grown each PAGE A9 • 2014 at real estate data and insight provider RealtyTrac How to take advantage of opportunities in today’s real estate market, including foreclosures, rehabs and rentals Advanced real estate investing strate- gies that clients have used – and others can replicate – including LLCs, wraps, subject-tos, wholesaling and more Ways to invest in real estate with little money down Two bonus days (September 18 and 22) filled with half- or full-day workshops that provide a deeper look at specific investment strategies from the successful, seasoned veterans who are using them. Continued on pg. A13 reWEALTHmag.com