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The Best Ever CRE Show

JF450: How to Take MASSIVE Control of Your Self Directed IRA

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 26 November 2015

⏱️ 34 minutes

🧾️ Download transcript

Summary

Taxes, taxes, and more taxes...you either quit making money or simply pay them...the end! Or...you can invest in real estate using a retirement account that allows you to forgo paying taxes, well there is much more to it than that. Hear our Best Ever guest shed some light on the recluse topic! Best Ever Tweet: Timing is really important when it comes to real estate investing. Dmitriy Fomichenko's Real Estate background: Specializes in self-directed IRAs with checkbook control where you can bypass the custodian Founder of Sense Financial Say hi to him at Sensefinancial.com Investor who has single family homes in various states Used to have 3 4-plexes and is currently a broker in California Immigrated from Russia in 1996 and has 8 other brothers Based in Orange County, California Subscribe in iTunes  and  Stitcher  so you don’t miss an episode! Made Possible Because of Our Best Ever Sponsors: You find the deals. We’ll fund them. Yes, it’s that simple. Fund That Flip is an online lender that provides fast and affordable capital to real estate investors. We make funding your projects easy so you can focus on what you do best…rehabilitating homes. Learn more at http://www.fundthatflip.com/bestever. What’s the Best Ever health plan for YOU? Go to http://www.stridehealth.com/bestever and find a better health plan in 10 minutes or less. On average you’ll save $418 on coverage and care. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Did you know that within a decade women will hold $30 trillion in investable assets?

0:05.3

Yet somehow only 19% of women reported feeling confident in selecting investments that align

0:11.0

with their long-term goals. Our friends at Invest Her are out to change. that and it's happening June 2nd through the 4th in Austin, Texas.

0:23.7

InvestHircon is not just another real estate conference.

0:27.1

It's a transformational experience focused on real estate investing,

0:31.0

business strategies, and self-care tactics, all designed to help women take

0:35.5

control of their financial futures. Gain the knowledge and skills you need to grow

0:40.0

your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.

0:48.0

To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.

0:56.6

That's Invest Her, H-E-R-K-D-K-G-G-G-O-K-G-K-G-O-K-K-O-Kom, promo code 100 best ever to get $100 off your ticket.

1:05.0

And so I ended up losing some of the properties that I purchase during that time frame.

1:09.8

So again, watch the time when most people are buying it's time to get out.

1:15.0

Best ever listeners before we get into today's episode in the interview with our

1:19.6

best ever guests I want to mention fun that flip because Fund That Flip is an online lender that gives

1:25.8

you fast, convenient access to really affordable money that you need for your flip project.

1:33.0

So if you're doing residential flips,

1:34.8

then the main thing I imagine that you're focused on,

1:39.0

or the main two things are the deal and the money. So if you've got the deal pipeline but you need access to

1:46.7

cash and you want to build a reputation within a group that will continue to invest their dollars into your deals, then go to

1:57.8

Fund That Flip.com forward slash best ever. The founder of Fun That Flip is Matt Rodac and he's actually one of my very first guests on the show. It's episode number seven.

2:10.0

So if you have a chance to go check that that out to familiarize yourself with Matt and what he's all about

2:16.7

but when you're needing money and you want an online lender that provides fast convenient access to affordable capital for your

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