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Investing in Real Estate with Clayton Morris | Investing for Beginners

1007: Q&A: Can I Take a Loan from My Self-Directed IRA? - Episode 1007

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

Investing, How To, News, Education, Business, Business News

4.11.1K Ratings

🗓️ 11 December 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

Smart investors know that utilizing a self-directed IRA is an incredible way to build wealth and maximize your retirement. But is there a way to take a loan from your self-directed IRA in order to take advantage of further tax benefits? That's the first question I'm answering on today's show!

This Q&A edition of Investing in Real Estate features three of your questions on self-directed IRA rules, distributions, and getting into real estate as a beginner. Click play to hear my answers to your questions!

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome everyone to the investing in real estate show. We are heading into a smoking hot

0:11.1

market in the next few months. We are starting to see some

0:15.1

increasing data showing us that rates are coming down. Jerome Powell next

0:19.6

week of course is going to be testifying and what we will hear from the Fed Chief

0:24.6

could change everything in the spring. We are, if you're a Fed watcher, you know that

0:29.3

we are going to see rate cuts 100%. 100%.

0:33.0

100% we are going to see, I mean, I should say the chances of rate cuts are 100%.

0:38.0

We're not going to see a 100% reduction, but we will see rate cuts.

0:42.0

Absolutely 100%. That is coming the question is will it

0:45.2

happen in March will it happen in May nevertheless I've been saying here on this

0:49.3

show that we are heading in for a smoking hot real estate spring, which means prices are going to go up.

0:58.1

We have such pent up demand right now for real estate in the United States that people have been sitting back and waiting on selling

1:04.9

their homes because they're like, oh, I've got a 4% interest right now. I don't want to go to a 5.5%

1:10.4

interest, so let's just not sell our home just yet. So now once that

1:14.9

once that shifts a little bit and of course those interest rates drop a little

1:18.6

bit and spring is the is the most you know is the best time to list list a home it's the best time to buy a home

1:25.6

in the spring because there's you know inventory hits the market people are getting

1:29.6

ready for the end of the school year they want to move houses before the next school year starts.

1:34.0

So May, April, holy smokes. We are about to see a smoking hot real estate market.

1:39.9

In my opinion, now a lot could change. suddenly Jerome Powell could come out and say you

1:43.8

know what instead of cutting rates I'm gonna increase rates. No one believes

1:47.8

that's gonna happen at all and we could see this recession hitting at the

...

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