In this episode, David Moore from Equity Advantage and IRA Advantage breaks down how you can use retirement funds, including self-directed IRAs, checkbook IRAs, and 401(k) plans, to purchase a business. Learn the differences between investing passively versus working in the business, how to avoid prohibited transactions, and when a Rollover Business Startup (ROBS) is the right move.

Perfect for entrepreneurs, investors, and anyone exploring tax-advantaged business purchases.

0:00 – Buying a Business with Your IRA or 401(k)
0:26 – Client Case Study: Using Retirement Funds to Purchase a Business
1:11 – Passive Investments vs. Working in the Business
1:33 – How a Self-Directed IRA or Checkbook IRA Works
2:13 – Combining Multiple IRAs & Understanding Disqualified Parties
3:23 – What You Can and Can’t Buy with an IRA or 401(k)
4:04 – The Checkbook Advantage IRA Structure Explained
5:06 – The Risk of Working in an IRA-Owned Business
5:47 – Rollover Business Startup (ROBS) Using a 401(k) + C Corporation
7:05 – Summary & How to Choose the Right Structure

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In this episode, David Moore of Equity Advantage covers the complexities of 1031 Exchange closing cost deductions, providing a lighthearted reminder that one wrong step can derail your entire transaction.

Learn why timing, documentation, and proper planning are critical when it comes to:

• Deducting closing costs
• Capital improvements before sale
• Handling “boot” and avoiding unexpected tax consequences
• Creating liens to recover funds legally
• Working with tax professionals to mitigate exposure

David shares real-world examples, like a client who spent $50K prepping a property for sale, and discusses the gray areas of what’s deductible or what could come back to bite you.

Whether you're an investor, realtor, or advisor, this episode will help you navigate the fine print and protect your investment.

📞 Got questions? Visit 1031Exchange.com or call Equity Advantage for guidance.

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In this special edition of the Exchange Bros, David and Tom dive deep into the world of self-directed IRAs — what they are, how they work, and how you can take control of your retirement dollars to invest in real estate, private loans, and beyond.

They break down:

• Why Wall Street IRAs are limiting your options
• The difference between “true” self-direction vs. what your broker says
• How to structure an IRA LLC (aka Checkbook IRA)
• Common pitfalls, prohibited transactions & disqualified parties
• Real-world examples and war stories from years in the business

Whether you're new to retirement planning or looking to supercharge your portfolio, this episode is packed with practical advice, expert insights, and a few laughs.

01:47 – What Is a Self-Directed IRA?
05:08 – Prohibited Transactions & Disqualified Parties
07:31 – The IRA LLC / Checkbook IRA Explained
14:26 – Trust Companies: Not All Are Created Equal
18:33 – Joint Ownership & Multi-Member Structures
25:10 – Funding Pitfalls & Common Setup Mistakes
30:59 – Annual Responsibilities & Reviews
36:07 – Distribution Rules & In-Kind Strategies
54:08 – RMDs, Real Estate, and Retirement Goals
56:40 – Final Thoughts: Be Conservative, Stay Compliant

Disclaimer: It's not just about making investments; it's about avoiding costly mistakes. Listen in and get it right the first time.

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