686: The Power of a Self-Directed IRA - Episode 686
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 12 November 2020
⏱️ 24 minutes
🧾️ Download transcript
Summary
On this episode of Investing in Real Estate, we're diving deep into how self-directed IRAs work, and how you can determine if this account type is a fit for you. You'll learn why these accounts are the financial industry's best-kept secret, what you can do with a self-directed IRA, and how to get started if you want to take control of your financial future.
Transcript
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| 0:00.0 | I am on a mission folks. I am on a mission to teach people about the power of the self-directed |
| 0:10.3 | I can teach my dog Grover how amazing this is I would absolutely do it. You think you |
| 0:16.4 | would listen to this buddy? I know you would if he could get a self-directed IRA |
| 0:20.3 | he would be in the driver seat of all of the dog kingdom. |
| 0:24.1 | So on today's show, we're going to dive deep into the self-directed IRA, |
| 0:27.9 | why it is so powerful and what it can do to help you build legacy wealth for you and your family. |
| 0:33.6 | Hey everyone, I'm Clayton Morris, longtime real estate investor. |
| 0:36.5 | I'm the founder of Morris Invest, which is a full service turnkey rental company. |
| 0:41.0 | We help people set up their self-directed IRAs and buy real estate inside |
| 0:46.1 | of that self-directed account. It's a powerful way, again, to build wealth. So what is a self-directed |
| 0:52.0 | IRA? Well, guess what? It's no different than any other IRA that you might have heard of before. |
| 0:58.0 | The only big difference with a self-directed account is that you are allowed to be put in the driver's seat and select the investments that you want. |
| 1:06.0 | You can invest in real estate. You can buy all sorts of things. We'll tell you about those things in a moment. |
| 1:11.0 | It's really no different. The only difference is you get to select the |
| 1:15.0 | the only difference is you get to select the investments instead of somebody else |
| 1:17.2 | some other financial advisor picking certain funds that you can pick from |
| 1:20.8 | you know in many ways I think it's like handcuffs, you know, take those handcuffs off for the first |
| 1:26.4 | time. |
| 1:27.4 | You've been tied to this old financial system, break free of those handcuffs. |
| 1:31.3 | That's really what a self-directed IRA is. I have to tell you at |
| 1:34.5 | our company at Morris Investment, we talked to clients for the first time as they're |
| 1:37.8 | about to set up their self-directed IRA or they have an old IRA that they're |
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