Today’s first caller is thinking about his retirement plan. It’s become harder than ever to build a solid retirement plan that can weather the ups and downs of the economy. What’s the best way to make sure your retirement is both secure and growing? That’s the first question I’m answering on this Q&A episode of Investing in Real Estate!
This episode features three of your great questions on building a secure retirement, the purpose of using LLCs for real estate investing, and what to consider before you seek out private money. I’m also going to discuss inflation, the US dollar, and more. Click play to hear my answers to your questions!
On this episode you’ll learn:
- How to build a secure retirement plan that can grow and preserve wealth.
- The purpose of an LLC for real estate investing.
- What to consider about finding private money.
How to Build a Secure Retirement Plan That Can Grow and Preserve Wealth
When you’re thinking about how to build a secure retirement plan, I would consider buying assets that are not tied to the US dollar. This means commodities like gold, silver, and real estate. These assets are recession-resistant, inflation-proof, and historically have weathered every economic storm. As you probably know, I personally like to build my retirement around appreciating, cash-flowing rental properties. If you’re interested in buying real estate, you can schedule a free call with our team to discuss how this strategy might fit into your retirement plan.
The Purpose of an LLC for Real Estate Investing
An LLC is important for real estate investing, but it’s important to understand that it only serves one purpose: liability protection. An LLC will protect your personal assets in the event of a lawsuit. There are no tax benefits to setting up an LLC, but real estate offers multiple tax deductions. Be sure you are working with a great tax team, such as Wealthability.
What to Consider About Finding Private Money
The best way to learn about acquiring private money is by reading Susan Lassiter-Lyons’ book, Getting the Money. You will learn everything you need to know about approaching lenders and making deals. I highly recommend getting involved at your local real estate community through meetup.com. You can also check out companies like Jasey Capital Group or get started flipping through programs like Jerry Norton’s Flipping Mastery. The good news is about private money is that there are essentially zero regulations! You can always check with a lawyer in your state if you’re worried about legalities.
Ask Me a Question at morrisinvest.com/clayton
Episode Resources
Book a Call with Our Team
Wealthability
Getting the Money by Susan Lassiter-Lyons
meetup.com
Jasey Capital Group
Jerry Norton’s Flipping Mastery
morrisinvest.com/Clayton
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Subscribe to Investing in Real Estate on iTunes
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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