Brenda Whetsell's guest appearances

Brenda Whetsell

Florida Real Estate Round Table

Living Off Rentals

Jasper Ribbers

Mitch Stephen

Robert Kiyosaki

Whitney Sewell

Agostino Pintus

Daniel Rosen

Patrick Precourt

Alan Corey

Travis Watts

Michael Zuber

Lane Kawaoka

Michael Hughes

Evelyn Badia

Steve Cook

Justin Ford

OwlTail

Short-term rental is a powerful wealth-building tool. One strategy to buy short-term rentals is through an IRA.  Our guest for today’s show is Brenda Whetsell. She is the Marketing Director at Midland IRA Inc. and has been with the company for eight years. Midland IRA Inc. is a self-directed IRA administrator that has been in the business for 20 years with thousands of clients all over the country. Their biggest asset in Florida is people buying rental properties using the retirement fund. It allows people to invest in alternative assets like real estate, futures, forex, LLCs, privately lend money, and more. They focus on all things tax-deferred.  In this episode, Brenda will give listeners valuable information about IRA, how it works, and the legality behind it. It is essential to learn the concept and technical details of investing through the IRA to keep you out of trouble and keep the IRS from coming after you. If you are into short-term rental properties and are curious about how to get them inside the IRA, then this episode is a gem for you. It is time to hit that play button and learn. Key Takeaways [02:42] A little about Brenda and what Midland IRA Inc. is [03:44] How a self-directed IRA works [06:32] Her explanation on what a custodian is [07:49] How it works at IRA in terms of  money [09:09] Two ways to invest in short term rentals using IRA [12:11] On transferring properties you already own to IRA [13:55] How transferring properties in IRA to heirs works [15:10] When to withdraw funds at your self directed IRA without penalties [16:04] The benefit of investing in short term rental properties inside IRA [17:20] Mistakes she sees that most people make  [20:07] What the IRA management aspect includes [22:01] Her point on IRAs as a good source of alternative funds and how it works [25:35] The timeline and process of setting up a self-directed IRA at Midlands IRA [26:28] The process and turnaround for requesting earnest money for a property  [28:35] Where to get a hold of Brenda  Links Brenda Whetsell on LinkedIn - https://www.linkedin.com/in/brendawhetsell/ Midlands IRA Inc.  - https://www.midlandtrust.com/ Living Off Rentals YouTube Channel -  https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1 Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals Living Off Rentals Website - www.livingoffrentals.com Living Off Rentals Instagram - www.instagram.com/livingoffrentals

Short-term rental is a powerful wealth-building tool. One strategy to buy short-term rentals is through an IRA.  Our guest for today’s show is Brenda Whetsell. She is the Marketing Director at Midland IRA Inc. and has been with the company for eight years. Midland IRA Inc. is a self-directed IRA administrator that has been in the business for 20 years with thousands of clients all over the country. Their biggest asset in Florida is people buying rental properties using the retirement fund. It allows people to invest in alternative assets like real estate, futures, forex, LLCs, privately lend money, and more. They focus on all things tax-deferred.  In this episode, Brenda will give listeners valuable information about IRA, how it works, and the legality behind it. It is essential to learn the concept and technical details of investing through the IRA to keep you out of trouble and keep the IRS from coming after you. If you are into short-term rental properties and are curious about how to get them inside the IRA, then this episode is a gem for you. It is time to hit that play button and learn. Key Takeaways [02:42] A little about Brenda and what Midland IRA Inc. is [03:44] How a self-directed IRA works [06:32] Her explanation on what a custodian is [07:49] How it works at IRA in terms of  money [09:09] Two ways to invest in short term rentals using IRA [12:11] On transferring properties you already own to IRA [13:55] How transferring properties in IRA to heirs works [15:10] When to withdraw funds at your self directed IRA without penalties [16:04] The benefit of investing in short term rental properties inside IRA [17:20] Mistakes she sees that most people make  [20:07] What the IRA management aspect includes [22:01] Her point on IRAs as a good source of alternative funds and how it works [25:35] The timeline and process of setting up a self-directed IRA at Midlands IRA [26:28] The process and turnaround for requesting earnest money for a property  [28:35] Where to get a hold of Brenda  Links Brenda Whetsell on LinkedIn - <a href="https://www.linkedin.com/in/brendawhetsell/" rel="nofollow" target="_blank">https://www.linkedin.com/in/brendawhetsell/</a> Midlands IRA Inc.  - <a href="https://www.midlandtrust.com/" rel="nofollow" target="_blank">https://www.midlandtrust.com/</a> Living Off Rentals YouTube Channel - <a href="https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1" rel="nofollow" target="_blank"> https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1</a> Living Off Rentals Facebook Group - <a href="http://www.facebook.com/groups/livingoffrentals" rel="nofollow" target="_blank">www.facebook.com/groups/livingoffrentals</a> Living Off Rentals Website - <a href="http://www.livingoffrentals.com/" rel="nofollow" target="_blank">www.livingoffrentals.com</a> Living Off Rentals Instagram - <a href="http://www.instagram.com/livingoffrentals" rel="nofollow" target="_blank">www.instagram.com/livingoffrentals</a>

#68 - Buying Short-Term Rentals in your IRA - Brenda Whetsell Midland IRA Inc.

Brenda Whetsell works for Midland Trust; which specializes in 1031 Exchanges, Self-Directed IRA's and Real Estate IRA's. Brenda is a wealth of knowledge and she goes into some key strategies for both 1031 Exchanges and purchasing Real Estate in your IRA. Here are some of the key takeaways in this episode.  1. These transactions are CASH transactions, which will give you the buyer leverage (Cash will always be king).  2. You have to identify your properties and follow the very specific time lines with 1031 Exchanges. Time is not in your favor, but the tax savings definitely are!  3. Do you know what a "Reverse" 1031 Exchange is? Neither did we until we were schooled by the master, Breda Whetsell! You will NOT want to miss this tip! For more information, contact Brenda directly either via email or her phone. We are also including the Midland Trust website; which is packed with great content.  Brenda Whetsell Email or directly at 239-333-4913 Midland Trust Website As always, please leave us a 5 start review and if you know someone who is interested in Florida Real Estate, please share this podcast with them. If you are looking to sell or buy yourself, and want a great Real Estate team on your side, contact Broker Jason Jakus or Realtor Eric Grainger.  Contact Jason Contact Eric Grainger

Brenda Whetsell works for Midland Trust; which specializes in 1031 Exchanges, Self-Directed IRA's and Real Estate IRA's. Brenda is a wealth of knowledge and she goes into some key strategies for both 1031 Exchanges and purchasing Real Estate in your IRA. Here are some of the key takeaways in this episode.  1. These transactions are CASH transactions, which will give you the buyer leverage (Cash will always be king).  2. You have to identify your properties and follow the very specific time lines with 1031 Exchanges. Time is not in your favor, but the tax savings definitely are!  3. Do you know what a "Reverse" 1031 Exchange is? Neither did we until we were schooled by the master, Breda Whetsell! You will NOT want to miss this tip! For more information, contact Brenda directly either via email or her phone. We are also including the Midland Trust website; which is packed with great content.  <a href="mailto:BWhetsell@midlandira.com">Brenda Whetsell Email</a> or directly at 239-333-4913 <a href="http://www.MidlandIRA.com" rel="nofollow" target="_blank">Midland Trust Website</a> As always, please leave us a 5 start review and if you know someone who is interested in Florida Real Estate, please share this podcast with them. If you are looking to sell or buy yourself, and want a great Real Estate team on your side, contact Broker Jason Jakus or Realtor Eric Grainger.  <a href="http://www.JasonJakus.com" rel="nofollow" target="_blank">Contact Jason</a> <a href="http://www.EricGraingerPA.com" rel="nofollow" target="_blank">Contact Eric Grainger</a>

Brenda Whetsell with Midland IRA - Using Your Retirement Funds to Purchase Real Estate & 1031 Exchanges