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Learn how to make money in real estate. We cover news, trends, styles, markets, demographics, and technology that affect real estate investing. We also talk to market leaders and trend setters. Lastly, there's a bit of how-to information on nearly every show, with topics, Q&A from listeners, and presentations from our guests. Learn how to make and grow a fortune in your spare time or as a new career.

May 20, 2021

What investments are held by your 401k. You don’t know? I don’t either, but I can tell you one thing for sure - it’s not real estate. Why? It’s too much hassle for 401k administrators. This reality has given rise to independent retirement account administrators called custodians to allow you to direct your retirement dollars into real estate. The trick is - you can’t do it with your current employer’s retirement plan. You have to fund it separately. Today I’m going to introduce you to one of the most powerful and successful Self Directed IRA custodians out there - American IRA. And we are going to talk about how you can invest retirement money into safer, better returns, which are tax-deferred and could even be tax free. 

Sean McKay American IRA Senior Vice President talked with me and with the Flipping America REIA about your options to invest with a self-directed retirement account. You could be building tax-free wealth. Learn how to create an account, roll-over an existing 401k or other retirement account, and hear several strategies for putting this money to work. 

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Sponsors

American IRA: www.americanIRA.com

Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com. 

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News and Resources: 

Mindset Moment: 

Don’t ask for things to be easy. I will take easy money when it comes, but I’m not going to simply wait for it. Some of life’s most valuable things come from what is hard. Relish the hard. 

Questions from Listeners:

  • Suzanne, Tampa, FL, “I looked at a private placement memo from an apartment operator and he talked about a cap rate of 7% but the investment projects a 13% IRR. I looked that up and read some articles about IRR, but I’m as confused as ever about what it really means. Can you help?”
  • Carla, Stone Mountain, GA “I tried to buy a rental house nearby. I have a good job and good credit (over 720) and the house already has a tenant living in it. But my bank denied the loan because of debt to income. They said I didn’t make enough money to qualify for both payments. When I looked into this, they weren’t counting the income from the property. What can I say to help them understand their error?”
  • Ted, Macon, GA “I was going for a loan on a couple of rental houses and the lender only counted part of the rental income. When I asked why they said “expense ratio”. Can you explain this?”
  • Andrew, Baltimore, MD, “I was telling my friend that I just got a subject-to deal with $200 per month positive cash flow. He asked me how I was going to make up for what I’d be losing on that deal. I thought he was kidding, but he was dead serious. I didn’t want to look like a moron to my friend, so I thought I’d ask you.”

Motivational Quote:

“If you love life, don’t waste time, for time is what life is made up of.”

― Bruce Lee