Self Directed IRA Real Estate Investing!

  • Share:

Topic: Retire EARLY with your hosts Ben Suttles and Feras Moussa!

What you’ll learn in this Livestream? How our investors use an SDIRA to invest in real estate!

Insight into how our investors use a self-directed IRA to invest in multifamily syndications!

A better understanding of what a self-directed IRA is and it’s benefits for your retirement. SDIRA tax advantages and why real estate is the ultimate tool you should utilize for early retirement.

VIDEO TRANSCRIPTION

00:00
all right we are live Mirai we’re live
00:02
we’re live all right so welcome to
00:05
moneymondays everybody with your host
00:06
Ferris and Ben I’m the handsome one he’s
00:09
the ball one and we’re testing out some
00:11
new functionality but moneymondays
00:14
basically you know for those of you
00:15
tuning in for the first time we
00:17
basically try to you know we’re hosting
00:18
this every Monday 3:30 central and what
00:21
our that goal would be spend maybe kind
00:22
of quickly wrong answer you know we’re
00:23
trying to add some value to folks right
00:25
trying to educate some some folks in the
00:27
twenty thirty minutes that we have right
00:28
you can’t you’re not gonna learn
00:30
everything about the business right but
00:31
you know we’re just trying to kind of
00:33
you know especially on on an afternoon
00:35
on a Monday afternoon try to give you a
00:37
little bit of content it’s not
00:38
necessarily go I’ll be about multifamily
00:40
either right we do multifamily disrupt
00:42
equity that’s kind of our stick right
00:43
but this is gonna be about being an
00:45
entrepreneur about hacks and
00:48
productivity to tax advantages of
00:51
different commercial asset classes to
00:53
maybe other asset classes right so we’re
00:55
really wanting to encourage the
00:56
interactivity of of the show so shoot in
00:59
you know she was a DM with any kind of
01:02
you know suggestion that you might have
01:03
on the show questions live anything you
01:07
want to ask for those of you that are
01:08
tuning in for the first time I usually I
01:10
want someone ask had it been losses here
01:12
which deal will tell you which deal
01:21
about whether how to find your first
01:23
deal how to finance your first deal how
01:25
to sell a deal how to operate a deal I
01:27
mean we’re trying to go through all the
01:28
different topics yeah we host a lot of
01:30
events and the best part of our events
01:32
for us included right is the QA right
01:35
because we’re learning things alongside
01:36
you guys you know people look at things
01:38
differently so really you know and if
01:41
you don’t you can DM us offline and you
01:43
know we can kind of obviously
01:43
incorporate it into our next shows the
01:46
terminology DM so we’re gonna talk about
01:51
you know how do investors use a
01:53
self-directed IRA to the benefit of
01:55
investing in real estate right you know
01:57
and you can you can use your
01:59
self-directed IRA to invest in a lot of
02:01
things right but we’re gonna focus on
02:02
real estate today cuz that’s kind of our
02:03
background right and what are the
02:05
benefits of that right so I guess let’s
02:08
start off first and tell everybody a
02:10
most simplistic way right what is a
02:12
self-directed I
02:13
so for people that don’t know what an
02:14
IRA is I’ll start with IRA all right it
02:16
stands for what is it it’s an individual
02:18
retirement account yes I believe right
02:20
now really for people that have jobs
02:22
right a lot of times their company
02:23
provide an IRA right and they basically
02:27
you know they may be funding some of it
02:28
personally some of it is funded by the
02:30
company but the important thing is that
02:31
an IRA is kind of a defined thing by the
02:34
federal government right it’s
02:35
essentially a retirement accounts almost
02:37
a forced retirement account right where
02:38
money gets parked off and you can’t
02:40
access that unless certain conditions
02:41
are met it’s tax deferred yes right and
02:44
so the trick is that it’s tax deferred
02:45
right and it lets you continue to build
02:47
wealth right not worrying about the tax
02:49
consequences right at the time and but
02:52
what’s what’s maybe powerful and unfair
02:54
fool is that it that that forced
02:55
retirement piece right meaning that you
02:57
can’t tap into that money unless a
02:59
couple of different things right usually
03:00
it’s you know you have to meet a certain
03:01
age threshold there’s some other
03:06
restrictions as well like are some other
03:08
chances too right if something happens
03:09
life threatening
03:10
I know if co gue they have a lot of
03:11
people to kind of access it but we’re
03:13
not we’re only gonna go into an IRA
03:15
details of why an RA but let’s talk
03:16
about the self-directed part now usually
03:18
99% of people I mean I don’t know the
03:20
exact stat
03:20
most people use their IRA to put it in
03:22
the stock market all they know how to do
03:24
that’s all they know they can do their
03:26
IRA custodians might be that’s all you
03:28
get right yeah it may be a buck in a
03:30
stock you must you mentioned a good
03:31
point what is an IRA custodian so these
03:33
are people they’re gonna be a steward of
03:34
the actual IRA money that’s coming in
03:37
right they’re going to set up the
03:38
account they’re going to administrator
03:41
any questions you know like any closing
03:45
process is kind of like the title
03:46
company they’re holding the money you
03:48
know they’re doing all of the legal
03:49
paper neutral third party right and in
03:51
some cases right they’ll direct money
03:53
into certain stocks bonds what-have-you
03:56
right you know on bigger corporate type
03:59
IRA accounts right so whenever you have
04:01
self-directed so what’s the difference
04:03
between a self-directed than that yeah
04:05
so the self-directed piece is actually
04:06
worth Thrilla powerful right it’s that
04:07
you find a certain not any custodian can
04:10
do it right you need to find a custodian
04:11
that can do the self-directed piece and
04:13
it lets you put your money into
04:15
something that you are self-directing
04:17
meaning you can say you want to put it
04:18
in stocks but really in our world we’re
04:20
talking about real estate right a lot of
04:21
times instead of me as the person would
04:23
that owns a retirement account I can say
04:25
I want to put
04:26
you know $100,000 into this investment
04:29
opportunity or two this investment
04:31
opportunity and there’s a couple of
04:33
gotchas right you know I think they’re
04:34
basically there has to be a separation
04:36
between me and the ownership so for
04:37
example I can’t invest my IRA into a
04:40
into a entity that I own or I’m a
04:43
managing member the right it needs to go
04:45
into something that I’m you know I’m
04:47
kind of an it’s a neutral person yeah
04:48
right because again they’re trying to
04:49
make sure you keep separation you not
04:51
using your money kind of behind the
04:52
scenes right there’s some other rules
04:53
and we’re not gonna go into the
04:54
specifics of that but the most important
04:55
thing is that I can decide to invest in
04:57
deals right a lot of times there’s a lot
04:59
of the kind of people really start with
05:01
a self-directed our way is kind of
05:02
private Linde right they’re lending
05:03
their money to flipper yeah family right
05:07
you know I mean that’s that’s really
05:08
where we kinda I think we both kind of
05:10
got involved with the IRA companies is
05:12
really the single family side right
05:13
there’s a lot of these guys that
05:15
especially flippers and people that are
05:17
you know maybe looking to do you know
05:19
owner occupier you know owner financing
05:21
right you know they go out they buy the
05:23
the property outright then they own or
05:25
finance it back right so there’s a lot
05:27
of ways that you can use it right
05:30
IRA s are great because you know not
05:32
only is it single-family but you can do
05:33
multifamily you can do precious metals
05:35
you can do pretty much anything from the
05:37
Seltzer ecto there’s a couple caveats to
05:39
that right but that is the whole point
05:41
of it being self-directed you’re allowed
05:43
to go out and do certain things as long
05:44
as you’re you have some guidelines there
05:46
but you know it gives you a lot more
05:48
flexibility than getting a pick from the
05:50
two buckets of stocks and go and invest
05:52
in right so it’s a good vehicle right so
05:54
again you know but most importantly our
05:56
role you can syndicate with it all right
05:57
so you can invest as a past investor in
05:59
a deal that is being syndicated mm-hm
06:01
and that’s where it becomes you know
06:02
even more appealing for at least what we
06:04
do right and so really kind of wheat I
06:06
think we touched to go through some of
06:07
the questions that we have right so what
06:09
a self-directed IRA I think we mentioned
06:11
that one right so the benefits of using
06:13
self-directed IRA right I think the
06:16
benefit the biggest benefit is that you
06:17
have some you have some control over it
06:19
right you know I mean you can once again
06:20
it gets you away from picking two
06:22
buckets of stocks to put your money in
06:24
right and you can go out and invest in
06:26
in real estate deals or some other
06:28
business right and or because you’re
06:31
using your self-directed IRA right you
06:33
still get the benefits of the IRA piece
06:34
right staying
06:36
that I wanted to kind of mention a
06:38
couple different things right you know
06:39
once again your IRA custodian is really
06:42
helping you must muster through this
06:44
whole entire process right like it’s not
06:47
gonna be like hey you’re just gonna cut
06:48
a check and this is how this all works
06:50
they’re doing that all on your behalf
06:51
because there has to be a third party
06:53
that’s administering it right otherwise
06:55
you will be in jeopardy of blowing up
06:57
the IRA and then you have this tax
06:58
benefit those tax advantages go away
07:01
those the the fees and penalties can go
07:04
can kick in so that’s a big thing that I
07:06
want to mention the other thing too that
07:07
fares kind of mentioned – especially on
07:09
the syndication side when we talk about
07:10
multifamily right you cannot use your
07:12
own IRA to invest in your own deal right
07:15
so you have to invest in somebody else’s
07:18
deal as a passive investor right and
07:20
we’ve had some we have other sponsors
07:21
that we know that I’ve invested in our
07:23
deals for that exact reason yeah right
07:24
you know they’re trying to deploy a
07:25
certain amount of capital each year
07:27
right and so you know they’ll come along
07:29
and they’ll invest through their IRAs
07:31
right but the other thing too is is that
07:33
say your son or your daughter is the one
07:36
that’s that’s putting the deal together
07:37
they’re the sponsor right you can’t use
07:39
your IRA money to invest in their
07:42
project either because you’re related so
07:44
there’s definitely some there’s
07:45
definitely some rules around it and once
07:47
again I’d suggest you guys talked to
07:48
some IRA custodians about those
07:50
different rules we’re not experts on it
07:52
we’ll give you guys some some that we
07:55
that we like right you know but those
07:57
are those are just some things that I’m
07:58
wanting people to kind of talk about
07:59
prior to really kind of getting into the
08:01
benefit really which is once again you
08:04
have control over your own retirement
08:05
account which is great right and this in
08:07
this day and age right so getting to
08:11
those IRA custodians yeah so really you
08:14
know where can you set it up right I
08:16
think the kind of the two that we like
08:18
we’ve worked with we kind of trust know
08:19
is you know kind of one of them’s quest
08:21
IRA they’re local as well as Advanta IRA
08:23
right from the sponsor side we’ve worked
08:25
with both companies do they do a good
08:26
job because you know from the passive
08:28
investor side right it’s the IRA all it
08:31
solves is the sourcing money problem
08:33
rights where the money comes from
08:34
you’re still passive you’re not having
08:36
to get more involved or less involved
08:37
except right each year yeah they kind of
08:40
go there’s a there’s a form that you
08:41
need to fill out that you’re basically
08:42
saying what the valuation of that
08:44
investment has become and you know
08:45
that’s where we get to work with these
08:47
different entities throughout the deal
08:49
right we work with them up front to kind
08:50
of help provide the paperwork the PPM’s
08:52
getting all the signatures right and
08:53
then you know from that you’re just
08:55
doing that once a year paperwork and
08:57
that’s about it
08:57
and sometimes you know just from that
08:59
one interaction right sometimes it can
09:00
be a challenge right we’ve also seen
09:02
when you’re closing the deal so we’re
09:04
looking at it in the end the lens of a
09:05
sponsor right you know you do have to
09:08
interact with the IRA sometimes they
09:10
might want to have some paperwork
09:12
whether it be the PPM or they might need
09:14
you to sign a certain way there’s there
09:17
sometimes depending on who the IRA
09:18
custodian is there might be an extra
09:20
level of paperwork the sponsor has to do
09:22
just upfront before they’ll actually
09:24
fund the deal from this IRAs account you
09:28
know so I want people to understand that
09:29
– right but all that level pain both on
09:32
the sponsorship side as well as on the
09:34
investor side right people realize that
09:36
and then they start kind of gravitating
09:37
towards these these these firms that we
09:39
tend to like to do business with because
09:41
they make it easy on be absolutely so if
09:42
anyone has questions about these firms
09:44
feel free to reach out to us we’re happy
09:45
to kind of talk through it but yeah well
09:47
we keep going right for those of you
09:48
tuning in Monday Monday’s we try to host
09:50
this you know every Monday 3:30 p.m.
09:52
right
09:53
come rain snow sleet or hell we don’t
09:55
really get much our goal this really
10:01
every Monday going through different
10:02
topics right really doing a big breadth
10:04
of topics and this week all of us we’re
10:05
talking to self-directed iras but the
10:07
more important Vallot the value piece at
10:09
least for us is that live Q&A at the end
10:10
feel free to ask questions list down
10:12
anything that you guys want to know it
10:14
doesn’t have to be about self-directed
10:15
iras we’ll happy to talk to them so
10:16
David nice senior yeah man you’re
10:19
definitely one of our biggest supporters
10:21
out this appreciate that thank you
10:23
Savion let’s go we’re gonna go and then
10:25
yan how are you doing long time no see
10:27
you saying talk about you bit
10:29
yeah we’re getting to it we are getting
10:31
to it so so that’s I guess let’s just
10:33
just talk about you know I’ll flip to
10:36
our so this was one of the questions
10:38
which is what are some of the risks of
10:41
an IRA or vest investing through an IRA
10:44
that we have seen right and you–but is
10:47
one of them I think you busy for
10:48
unrelated business income tax yes you
10:51
know and we’re not gonna get into the
10:54
weeds here folks and please doctor CPA
10:55
may be a quick disclaimer anything we’re
10:57
talking about we’re giving just our
11:00
experiences
11:01
please don’t no big important life
11:02
decisions about it unless go talk to a
11:05
financial professional go talk to an IRA
11:06
custodian cuz they’re gonna be able to
11:07
answer these a lot better but it
11:09
essentially has to do with the fact that
11:11
on a lot of these real estate deals
11:13
especially syndications there’s gonna be
11:15
a mortgage involved right and that
11:17
triggers what’s called as you bit right
11:20
so and it’s not don’t think of it as in
11:22
terms of thousands and thousands of
11:23
dollars but I mean it could be a couple
11:25
hundred bucks right and so people get
11:27
this this this tax and it’s supposed to
11:29
be a tax deferred account and they’re
11:31
like what’s happening so over the last
11:32
three to five years people have started
11:34
kind of uncovering that it’s not a
11:36
hundred percent tax-free or tax deferred
11:39
on at least some of these investments so
11:42
you need to be aware of that right you
11:44
know but still a lot of advantages I’d
11:46
say that’s probably the biggest one as
11:48
well as once again you know another risk
11:51
or another downside of investing in the
11:53
IRA is once again you don’t have full
11:54
100% control right you can’t invest with
11:56
your family and friends you know there’s
11:59
certain things that you’re not gonna be
12:00
able to invest in right but for the most
12:02
part compared to a traditional IRA or
12:04
401k that your company might have set up
12:06
or the corporation that you’re working
12:07
for way more flexible so I mean if you
12:11
can roll it into that I would encourage
12:12
you to do it as quickly as you can
12:14
because it’s gonna open up a whole
12:15
nother layer of of investments that you
12:18
can take advantage of so tax advantages
12:22
this is these are questions that we had
12:24
kind of gotten beforehand and we kind of
12:25
already went over this but we’ll go
12:26
ahead and reiterate it because this is a
12:27
big thing
12:28
tax advantages your investors utilize
12:30
with a self-directed IRA right it’s tax
12:32
deferred tax to hurt you know so little
12:35
explanatory right no point in you know
12:36
self-directed outre without it you would
12:38
know yeah
12:39
so you can you can maybe open it up when
12:41
you’re thirty you’re you’re just chewing
12:43
money all the way through it investing
12:44
investing investing fifty nine and a
12:45
half you can start taking out that money
12:47
that you’ve that you’ve accrued
12:48
accumulated in that account which is
12:50
gonna be a lot more than probably just
12:52
playing the stock market right because
12:54
if you get into some of these
12:55
syndications you get into some of these
12:56
real estate and you’re gonna be able to
12:58
balloon that money pretty quickly right
13:00
yeah maybe one other note we didn’t
13:02
really talk about this but you can’t pay
13:04
a penalty to take your money out of a
13:05
self-directed IRA so there’s a big maybe
13:08
debate about you know does it make sense
13:10
or not right and go research it just
13:12
know that it’s an option yeah
13:14
right and again you got to figure out do
13:15
you do the tax benefits outweigh the
13:18
cost or not right to kind of do each one
13:20
because you got a look at it like this
13:21
right you’re gonna have a fee you have
13:23
some penalties right you know but if you
13:26
take it out and you have a hundred
13:27
percent control over your money now
13:29
right you know can you grow your money
13:31
even more quickly having taken into
13:33
account those fees and penalties and
13:35
once again that’s kind of the debate
13:37
that we’ve heard right and we are not
13:39
here to make life decisions for
13:40
everybody so yep they’re really crunched
13:42
the numbers on your own you know but
13:45
it’s something to think about too right
13:46
but if you say hey that’s way too risky
13:48
I’m just guys want to roll it up there
13:50
and that forces you like Ferris had
13:51
mentioned earlier it’s a forced
13:52
retirement plan right you got to keep it
13:54
in there you can’t take it out and go
13:56
buy that boat or you know buy a second
13:58
home on the beach right you know you’re
14:00
forcing yourself to to invest in it the
14:02
whole time right that could accumulate a
14:04
lot of money at the end of the day yeah
14:05
so awesome so for those tuning in right
14:09
moneymondays do it every Monday 3:30
14:11
p.m. we try to go for about 30 minutes
14:13
or so mm-hmm and you know go through
14:14
different topics right but our goal is
14:16
really live Q&A so please feel free to
14:18
ask questions it doesn’t have to be
14:20
about today’s topics about anything you
14:22
want all right we’re gonna crack some
14:23
jokes on this maybe not but you know our
14:27
our director over there was uh sleeping
14:30
on the wheel she’s doing a great job so
14:35
let’s see so people have questions
14:37
definitely asking we’re gonna go through
14:38
them now right any other topics before
14:39
we start going to questions so questions
14:41
please feel free to ask them I see a few
14:42
coming through already yeah let’s go
14:43
ahead and go with it
14:44
all right so yam says um can’t wait to
14:47
roll my 401k into a self-directed IRA
14:49
yeah that’s another thing we didn’t
14:50
mention that but you can roll them for
14:52
all 401 K into self-directed IRA there’s
14:54
some gotchas there too if you want to
14:56
know how to do it talk to young clearly
14:58
he’s the expert I haven’t done it
14:59
personally but um it is a vehicle right
15:01
and again each of these things there’s a
15:02
lot of different vehicles out there
15:04
there’s even EQ RP we haven’t really
15:06
talked about which is really another
15:06
flavor of it it’s kind of the same thing
15:08
but you know get it get educated I think
15:11
most no absolutely well in call quest
15:13
right you call these these firms that we
15:15
talked about right because they’re going
15:16
to they’re gonna be able to tell you
15:17
what you can and can do depending on
15:20
where you’re at right like you know
15:21
there might be some restriction at your
15:23
company right that you can’t roll your
15:25
401k
15:26
right you know you might only have a
15:28
certain amount of control over it after
15:30
you’ve left right so you just need to be
15:32
aware of that so I’ve heard of people
15:35
trying to leave so they can coming back
15:38
everything’s like you have to be you
15:40
have to be careful so they’re gonna be
15:41
able to kind of look at what you’re
15:42
currently in and what you’re trying to
15:44
do and say okay is this possible and if
15:46
so this is the way that you’re gonna do
15:48
it right you know and and don’t don’t
15:50
get us wrong folks these people do not
15:52
work for free there are some fees
15:53
involved let’s segue to the next
15:55
question so our friend David asked can
15:57
you post a to self-direct are any as you
15:59
work with you work well with do you know
16:01
how many basis points they cost per year
16:03
right so the two that we mentioned quest
16:05
IRA and Advanta IRA or I will post the
16:08
link to them I mean I’ll type them in
16:09
here now yeah so I mean I haven’t seen
16:11
anybody charge basis points right it’s
16:15
usually based on transactions right like
16:16
the amount of things that you have to do
16:18
now there might be a flat fee I think
16:20
yeah I think there’s usually there could
16:22
be a five theories apply you know
16:24
servicing fee for just a balance right
16:25
okay David yeah I mean I would recommend
16:27
just talking that we don’t know yeah it
16:29
could have changed right you know they
16:30
could be being more competitive now that
16:32
Kovan and transaction costs you know or
16:34
transaction volume has gone down right
16:37
maybe they’re trying to be a little bit
16:38
more competitive with their fees I don’t
16:39
know but there’s definitely these these
16:41
guys are not free right you know and
16:43
that’s that’s obviously something
16:45
everyone make money for those of you
16:47
yeah new to the business world you know
16:48
realize it’s not about no one making
16:51
money everyone makes a piece of the pie
16:52
right but it’s a good thing and this is
16:57
my own personal opinion I’m not misspeak
16:58
for Ferriss right I would pay up to an
17:01
extent right there’s always an extent to
17:04
have the flexibility and a customer
17:06
service of a good firm right you know so
17:08
you take that into consideration
17:09
sometimes you get what you pay for too
17:11
so if you want to get that low fixed
17:13
rate IRA custodian that you know out of
17:16
wherever Topeka Kansas and I’m always
17:19
dad I’m always picking on Topeka yeah
17:22
but you know you’re probably gonna get
17:26
what you pay for
17:26
right whereas if you step up and you get
17:28
a little bit better firm you’re probably
17:31
to get the customer service and the
17:32
hand-holding in the end the asking of
17:33
questions that you probably want right
17:36
Ben likes is handling I do know I mean
17:38
first well when it’s talking we’re
17:40
talking about a lot of money right like
17:41
you know I mean I want I want to be able
17:42
to pick up the phone and talk to
17:43
somebody right if I’ve got a question on
17:45
how I want to do something like I’m not
17:46
gonna punch out an email and wait 72
17:48
hours for somebody to respond to me I
17:49
want to have a phone number I want to
17:51
call somebody I want to ask questions
17:52
yeah that’s important right again can we
17:54
pay for this your retirement account
17:55
this is this is this is what you’re
17:58
gonna retire on this is your your your
18:00
life but it’s actually good segue to the
18:02
next question which is self-directed IRA
18:04
risks you guys have seen I think the
18:05
risk is understand the sponsorship we
18:07
were working with right get out there
18:09
get educated about what you’re investing
18:11
in don’t invest in multi-family because
18:13
you think it’s cool out there we
18:15
launched an investor Academy net it’s
18:17
kind of a source to get educated there’s
18:18
a lot of other options out there but go
18:20
get educated about what it is you’re
18:22
investing in how it works right
18:24
self-directed is just a piece of that
18:26
and then lastly but not least as part of
18:28
getting educate about what you’re
18:29
investing in its understanding who
18:31
you’re investing with right this is a
18:32
marriage really it’s a long-term
18:33
relationship right five to seven years I
18:36
mean I think that’s more than the
18:37
average way marriage lasts right so
18:39
understand that and I think so what’s
18:41
the set for that seems really very very
18:44
short no no but I mean that’s risk in
18:48
any investment folks that’s like a
18:50
length of marriage United States about
18:51
8.2 years alright so you’re still lost
18:54
normal fire off not happy because I you
18:56
know my face is you’re right though and
19:00
in in a way you have to be you have to
19:02
be you have to do your due diligence on
19:05
anything that you invest in right
19:06
regardless if it’s through a
19:07
self-directed IRA or it’s your own cash
19:08
in the bank right so there’s risks and
19:11
investments in general right the biggest
19:13
risk that I always tell people when they
19:14
get in a multifamily syndication or any
19:16
kind of investment right is you have the
19:19
possibility of Leuven losing every
19:21
single one of your dollars right you
19:23
know UK your your whole cost basically
19:26
would get wiped out because these things
19:27
are risky right now that doesn’t mean
19:29
that yet you can also double your money
19:31
or triple your money in some cases which
19:32
we’ve been able to do for some of our
19:34
investors so take that into
19:35
consideration that’s the biggest risk
19:37
but I’d also say that you bit is another
19:39
race and then also just incurring fees
19:41
right if you’re one of those people
19:42
that’s really gonna ramp this up and
19:44
invest in a lot of stuff you’re probably
19:45
gonna pay for that a little bit
19:47
– right in terms of fees so there’ll be
19:49
another risk I’d say absolutely so for
19:51
those tuning in we’re nearing the finish
19:53
line but you know money Monday is every
19:55
Monday 3:30 central going through
19:57
different topics and answering questions
19:59
live so please list your questions we’ll
20:01
go through any more questions you guys
20:02
want to talk about why is the sky blue
20:04
why is Ben shirt blue why is my shirt
20:06
blue why do we like blue so much our
20:08
logos blue they’re like blue in this
20:09
column do you talk about whatever you
20:12
guys want to talk about so if you have
20:13
questions definitely go ahead and dump
20:15
them in the questions or you know we’re
20:17
gonna wrap it up probably a little early
20:18
today
20:19
oh yeah this was kind of a short topping
20:22
they don’t always have to be 30 minutes
20:24
right you know I mean I think that this
20:25
is stuff that you need to go do some
20:27
research on because each person’s
20:28
retirement you know is different you
20:31
know and what works for you and your
20:32
family you just need to get comfortable
20:34
with those different firms right and we
20:35
put we put some suggestions in there for
20:37
people to you know but we want it we
20:41
want to encourage people reach out to us
20:42
if there’s a topic that you want us to
20:43
cover we’re definitely willing to cover
20:45
it right and it does not have to be
20:46
multifamily does not necessarily have to
20:48
be real estate right you know we’re all
20:50
out here learning and trying to get
20:51
better and you know just be better
20:53
investors in general I have one question
20:54
that’s probably didn’t talk about it’s
20:56
probably important explain where does
20:58
the money go whenever you pay
20:59
distribution does it go to the
21:01
individual or do you go to there
21:02
actually wow you just proper this is
21:04
actually one thing that we we didn’t
21:05
really cover too because we also do
21:06
costs aggravation and again Wow for me
21:09
right for my comments right there so the
21:11
money does get distributed back into the
21:14
IRA account right and that’s usually if
21:15
you’re investing a self-directed IRA
21:17
money hits your personal bank account
21:19
that’s prompts or made a mistake you
21:21
gotta get that right you know you don’t
21:23
want to blow up you don’t want to blow
21:24
up your IRA so that’s gonna go back into
21:25
the tax deferred account you cannot
21:27
touch it it’s not gonna be like oh I get
21:29
my money right you know so that goes
21:31
back there and the other thing that I
21:32
wanted to point out too that we totally
21:33
forgot to mention was cost segregation
21:35
right you know you usually are able to
21:38
get that in the first year or two or
21:39
three you know as a loss right that will
21:43
help with your taxes if you invest as
21:45
you know kind of a cash investor right
21:47
outside of the IRA Channel
21:50
well that doesn’t really work as well
21:52
when you already have a tax-advantaged
21:53
you know channel that you’re investing
21:56
in too so take that into consideration
21:58
that’s not going to be as
22:00
a benefit or a benefit at all you know
22:02
for you especially when a sponsor talks
22:05
about cost segregation and you’re gonna
22:06
be able to write off forty fifty sixty
22:08
percent of your your investment in your
22:10
one two or three right that’s not gonna
22:12
really matter to you right you’re
22:13
already getting the tax advantage of the
22:15
IRA so just take that into consideration
22:18
you know but that’s a big thing that we
22:20
you know that a lot of people didn’t
22:22
really and cost segregations gotten more
22:23
and more popular you know through you
22:26
know some of the JOBS Act and some of
22:27
the other things and so it’s between
22:28
bonus you know depreciation a couple
22:30
other things so you were seeing that on
22:32
a lot of sponsors pitch decks and for
22:34
people that are in IRAs that’s not as
22:36
big of a deal absolutely so so 21 days
22:39
every Monday 3:30 p.m. if you guys have
22:41
any questions please feel free to drop
22:43
it otherwise we’re gonna wrap it up in
22:44
about a minute wrap it up wrap it up and
22:47
can you count count down from 60 seconds
22:48
well no I can’t I can’t get that out
22:51
that long
22:53
alright well then if you knew no one has
22:55
any questions let’s call it a wrap all
22:56
right going once twice
22:59
and three all right folks will we
23:01
appreciate you tuning in and we’ll see
23:03
you next week
23:05
[Music]

Leave a Reply

Your email address will not be published.