WIP 1576: How to Transform Your IRA into a Real Estate Money Machine!
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 7 October 2024
⏱️ 14 minutes
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| 0:00.0 | You're listening to Wholesilling Inc. episode number 1576. |
| 0:04.3 | One of my favorite ways to invest funds is in other people's deals. |
| 0:08.6 | Okay, so if you wanted to jump into one of, let's say one of my mobile home park deals and partner with me and we build a relationship |
| 0:14.8 | is you could use that Roth IRA or that traditional IRA put it in a self-directed account right using |
| 0:20.7 | like advantage or Forge Trust or another company of your choice right and you can |
| 0:24.5 | invest that money into somebody else's deal. This is game-changing information |
| 0:30.3 | guaranteed to raise your real estate wholesaling business with actionable steps |
| 0:34.6 | you can take immediately to navigate the ins and outs of wholesaling and start |
| 0:39.0 | making money today. Join us as we put our guests in the hot seat and dive deep to dissect their strategies for success |
| 0:46.7 | to enable you to duplicate their results. |
| 0:49.0 | You're listening to Wholesailing Inc. |
| 0:51.4 | The only show dedicated to making you a fortune in |
| 0:54.2 | wholesaling. So today I'm going to talk about a topic that I'm really |
| 0:59.5 | passionate about and that is how to invest in real estate using an IRA or a Roth IRA and I got to tell you |
| 1:07.6 | this is so so so important because once you learn how to invest your money in a tax advantage, legal and ethical way, it is a total game |
| 1:18.0 | changer. All right, so let's talk about how to invest your money in real estate using an IRA. So why would you want to invest |
| 1:26.0 | in an IRA? Well, the first thing, and by the way, when I use the word IRA, I'm mostly talking about just tax advantage retirement accounts, right? |
| 1:36.4 | You can do a 401k, you can do a cash balance plan, you could do a traditional IRA, a Roth IRA. |
| 1:43.2 | So a lot of these work similar, some are superior to others, |
| 1:47.8 | but in general, I'm going to talk in generalities here today, |
| 1:51.1 | and I will talk about a Roth specifically because it is my favorite |
| 1:55.3 | tool and it's going to be the most taxed advantage. But of course before I start today's |
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