How to Thrive with High Interest Rates featuring Jimmy Vreeland
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The Self-Directed IRA Top Secrets! with Juan Deshon from Quest Trust Company
enDecember 23, 2021
What was the main topic of the podcast episode?
Summarise the key points discussed in the episode?
Were there any notable quotes or insights from the speakers?
Which popular books were mentioned in this episode?
Were there any points particularly controversial or thought-provoking discussed in the episode?
Were any current events or trending topics addressed in the episode?
About this Episode
Self-directed IRAs are not a new concept but people are still unaware of the benefits it can bring. In today’s episode, we have Juan Deshon from Quest Trust Company to uncover what self-directed IRAs are and how you can take advantage of them!
Juan Deshon has been working for Quest Trust Company for 5 years now and he is my personal self-directed IRA representative. I’ve had great success through him and his company and I want you to learn how to do it too.
Listen to this episode so you can have a better understanding of what makes a self-directed IRA different from other IRAs and what the benefits are for you!
Key Talking Points of the Episode
[00:00] Introduction
[00:56] Who is Juan Deshon?
[01:38] What is a self-directed IRA?
[02:31] Quest and their self-directed IRAs
[03:30] What does Quest do?
[04:25] Who is ideal for a self-directed IRA?
[06:08] The ease of transacting with Quest
[06:43] What is a rollover?
[07:00] Finding your investment
[08:14] Distribution from retirement accounts
[09:43] Are there prohibited investments?
[10:50] Investing in private lending
[11:25] Private lending’s passive nature
[12:57] Different ways to take advantage of the IRA
[14:04] Real estate syndications
[14:30] IRS restrictions for IRA accounts
[15:51] Depreciation and leverage with IRA
[16:41] Investment vehicles for self-directed IRAs
[17:55] What are the mistakes people can avoid?
[19:31] Quest Trust Company
Quotables
“The self-directed IRA is still an IRA. It’s actually just a marketing term.”
“A self-directed one means that you can invest into non-traditional assets. If the term ‘self-directed’ is not there, it will most likely mean you cannot invest in non-traditional assets, or mostly in the stock market in general.”
“You have to use an intermediary - you have to use us to do the same thing, except the asset class is changing.”
“By keeping it in the IRA, keeping it under the hands of a custodian like us, you’re not being taxed until you decide ‘I wanna retire and do something with that personally’.”
“Everyone can take advantage of a self-directed IRA, but someone that really should be able to jump into this right now, today is gonna be someone that has an entrepreneur mindset that wants to get out of the stock market.”
“The whole point of it is you have an end goal and we’re gonna help you get to it.”
“A rollover is a fancy word for the movement between an employer plan to an IRA.”
“Now we’ve moved funds over from the 401K plan in this situation, now you have to find your opportunity and this is where self-direction comes into play. Quest won’t give you a list of opportunities.”
“My returns go into my retirement account. It’s not my money until I distribute it.”
“Most Americans coming from 401K plans, they’re probably gonna be taxed by the end of the retirement stage.”
“If they can’t value it correctly, the IRS can’t tax you properly.”
“I think IRAs are designed to be fairly passive.”
“A savvy investor has to really up their knowledge when it comes to IRAs and really plan far ahead.”
“Depreciation is completely taken out of your hands. Leverage isn’t completely taken out of your hands, but you have to get what’s called a ‘non-recourse loan’.”
“Just a little bit of education can get you a long way.”
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Mistake FREE Real Estate With Marck de Lautour
enJune 01, 2023
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What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland
Every quarter, my good friend Jimmy Vreeland and I sit down and talk about our experience in Collective Genius, a mastermind we are both a part of. In this episode, Jimmy and I are going to discuss what we learned from the presentations in the event, our biggest takeaways, and how we’re preparing our businesses for what’s coming.
Listen now to learn what happened during the last Collective Genius event and the golden nuggets we’ve picked up while we were there!
Key Talking Points of the Episode
00:00 Introduction
01:43 How does Collective Genius help us give back?
03:26 What are our biggest takeaways from the event?
06:53 What makes this recession different from 2008?
08:46 Where do we stand on inflation rates today?
12:44 How is inflation crushing the middle class?
14:38 How can real estate investing set you up for the future?
17:34 What is the greatest threat to every investor’s portfolio?
21:31 What does real estate value appreciation look like today?
23:32 Why should people take advantage of Fannie Mae loans?
26:42 What is happening in the new construction market today?
31:16 What are we experiencing in the turnkey market today?
Quotables
“The government hasn’t curbed their spending, they’re not doing to make energy more accessible, so that’s gonna stay expensive.”
“Kiyosaki went on Oprah in 1990, everybody knows about this! They just don’t get involved, they don’t get started.”
“Strategic and systematically buy assets so that when there is the next disaster and the fed does blast lower rates, then you refi everything out.”
“Like I’d always say, real estate doubles in value every 20-30 years, I think I’m gonna stop saying 30 because consistently, we are seeing real estate double in value every 20 years.”
“If you’re gonna buy and hold these assets forever, for long-term, then the smartest thing you can do is lock in a 30-year fixed to get these things paid off.”
“Most home builders have not been aggressively scaling and growing based on what they fear could be a downturn.”
“Quite frankly, I think that inventory is still so shallow, especially in the big cities that are experiencing massive population growth.”
Links
Book: Principles for Dealing with the Changing World Order
https://www.amazon.com/changing-world-order-nations-succeed-ebook/dp/b0881y73yg
Mistake FREE Real Estate With Marck de Lautour
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