I’m always encouraging others to look into opening a Self-Directed IRA. I have several and I think it is the 8th wonder of the world. Because we do a lot of business with several of the highly known Self-Directed custodial companies, I often hear their concerns with folks who have taken the leap and opened and funded their Self-Directed IRA.
Their concern is…even though their clients understand the power of self-directing, a significant portion of their funds are sitting as idle cash because they have not yet found an opportunity to take the focused action required to make that money grow.
As you know from reading my blog each week, I have a real estate buying machine and the life blood of that machine are my Private Money Partners. I educate my Private Money Partners on how to open and fund their Self-Directed IRA and I present opportunities to them so that they can get those funds out in the marketplace working for growth resulting in profit to them. It’s like injecting your retirement account with steroids.
PRIVATE MONEY PARTNERS
An individual who wants to fund one or several of my real estate deals to earn a better than average rate of return is what I call a Private Money Partner. It could be anyone with some extra cash sitting on the sidelines in a money market account or someone with an old 401K or IRA or Pension.
It could be someone who just received a settlement or just received an inheritance. It could be someone who already has some investments and is looking to diversify. It could be any one of your family, friends or business colleagues. It is anyone with money who’s looking for alternatives.
When I sit down and meet with Private Money Partner candidates I ask, “do you want to do what the ‘herd”‘does and continue to invest in a market with significant volatility, no control or real understanding of investments OR would you want to begin looking to invest in something physical with fixed, predictable returns and control over investments that you can see, feel and touch..like real estate?”
No brainer… right? A Win-Win-Win scenario.
********************************* If you are reading my blog for the first time, let me inform you that… My company buys single-family houses and I write this blog bi-weekly which is primarily directed to educate 1 group of individuals:
Individuals who are losing their shirt as a result of the “roller coaster” volatility of the stock market and low paying rate of other traditional investments, i.e. people that are looking for an opportunity that’ll provide a secured place to put their money to get it working for them to earn better than average returns.
However, often times, homeowners that need to sell their house, stop by to take a peek because they are curious and wondering how and/or where we get the funding to purchase houses. And if they stick around long enough, they begin to understand why individuals partner with us to provide the funding which empowers us to be able to purchase real estate on a continual basis. Simple, it’s because we teach them a secured way to earn better rates of return than they are currently earning.
So everybody wins. It’s a WIN-WIN-WIN !!!
Request your FREE Education Kit if you are interested in learning how passively investing in real estate may help place you in a better financial position.
Disclaimer: This site is intended for educational purposes only. I am not an accountant, attorney or licensed financial planner. While the information I’m writing here is based on many years of experience buying houses that doesn’t really constitute professional advice (since everyone’s experiences and situations are different).