EP102 How Savvy Real Estate Investors use Self-Directed IRA's to increase the Value of their Retirement Plan with Edwin Kelly 0
Many Real Estate Investors have heard that they can save big money on taxes and increase the value of their retirement funds by investing in real estate using a Self-Directed IRA, but they still haven't taken the steps necessary to make it happen.
On today's episode we talk with Edwin Kelly, one of the nation's top experts on Self-Directed Retirement accounts to learn why they're such a great tool & vehicle for building legacy wealth. Edwin also share's his Triple-D, three-step process: DECIDE that you want one and set it up properly, DEPOSIT the money you'll need to work with, and DIRECT that money into the investment vehicle of your choice.
Edwin does a great job of simplifying the process in a way that might finally get you to take action. He also shares stories of his clients who have used SDIRA's to eliminate their credit card debt, shield their wholesaling income from earned income tax, and created thousands of dollars in monthly retirement income off of an initial $4,000 investment.
We also bring the conversation to a higher level when Edwin answers my questions about investing in syndications through SDIRA's and the consequences of UBIT and UDFI taxation on leveraged investments.
I know you'll get a lot of great, action-able information from this conversation. Edwin will also be a featured speaker at the RPOA's Annual Real Estate Investors FREE Conference and Expo, which is taking place February 22 - 24, 2018 in Grand Rapids, Michigan.
You can go to rpoaonline.org to register for FREE!
EP101 Finding Great Deals at Sheriff's Sales and Tax Auctions with Stephen Benedict 0
Today we are taking a deep dive into buying properties at Huge Discounts through Sheriff Sales and Tax Auctions.
My guest today is Stephen Benedict, an investor in the West Michigan/Muskegon area with over 120 units in his portfolio. Stephen knows all the in's & out's of buying properties at Sheriff Sales and Tax Auctions, and he has agreed to walk us through the process.
Stephen talks about his first Sheriff Sale property, how the process works, why you should buy the first mortgage and not the second, the best & worst deals he's done, mistakes he sees other investors make, and understanding the TRUE costs of acquiring and rehabbing a property.
Stephen will also explain the differences between Sheriff Sales and Tax Auctions, and how Tax Auctions changed with the advent of the Land Bank and money laundering rules.
Stephen makes it clear that Sheriff's Sales and Tax Auctions are a high risk type of investment, but if you do your proper due diligence the rewards can be extraordinary.
Enjoy the show, and please take a moment to give us a review and rating on itunes.
If you'd like to contact Stephen, his email is:
stephenshomes@yahoo.com
EP100 The Tables are Turned! Charlie Kao Interviews Host Brian Hamrick for the 100th Episode! 0
For the 100th Episode we decided to shake things up a little. Charlie Kao is back in the studio and turning the table on host Brian Hamrick, making him answer the questions this time.
Charlie gets Brian to discuss the new asset classes he been investing in this past year, including office, self-storage, and notes. They also discuss the different members of Brian's team, and what he looks for in successful partnerships.
Brian shares his outlook on the market and whether or not he believes there will be another real estate bubble, and how he's positioning his real estate assets to protect his portfolio in a downturn.
This is a fun and informative conversation marking our 100th episode. If you've been enjoying our show over the past two years, please let us know by giving us a rating and review on itunes.
EP099 Tax Lien Investing and Finding Distressed Properties with Hunter Carlile 0
At the age of 44, Hunter Carlile lost his corporate job and had to figure out how he would support his wife and three kids. That was over four years ago, and in that time Hunter has bought/sold or rented over 200 houses! And he's done it primarily through tax lien investing.
Today Hunter shares his tax lien and investing strategies. We'll talk about how he finds distressed properties, fixes them up, and either sells or holds as rentals. We'll also discuss the in's & out's of tax lien investing and the pitfalls investors need to be aware of.
Hunter also talks about his experiences using direct mail to find motivated sellers of distressed properties, why you should always avoid lender escrows for taxes and insurance, and how he relates to & works with home owners who find themselves in foreclosure.
Hunter has also developed software that tax lien investors can use to simplify the process, and he's a coach and trainer as well. You can find out more by going to his website or contacting him through email:
https://www.taxlienvestors.com/
hunter@taxlienvestors.com