EP239: Using Other People's IRAS to Buy Real Estate - Interview with Scott Maurer

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This episode of Investing in Real Estate is brought to you by Morty! Morty not only simplifies the mortgage process, but they help you find the best mortgage to fit your needs. Whether you’re a first-time homebuyer or real estate investor, head over to trymorty.com/investing to get started today!

We’ve discussed how to invest with a self-directed IRA multiple times here on the show. But there’s another creative way to use a self-directed IRA to purchase real estate that we haven’t yet covered: taking a loan from an IRA!

On today’s show, I’m joined once again by Scott Maurer, the director of business development at Advanta IRA. Scott is incredibly knowledgeable about self-directed IRAs, and on today’s show, he’s sharing how to borrow (or lend) from this investment type. We’ll discuss the flexibility of the plan, as well as the stipulations. Scott is sharing a few concrete examples, and we’ll talk about how to work with a self-directed administrator! 

More About This Show
Private lending can be a fantastic way to attain capital for a real estate deal without having to worry about your credit score or other obstacles of obtaining a traditional mortgage. A specific strategy within this realm is using a self-directed IRA as a private lender.

In this instance, the IRA itself would own the note or mortgage. This is a mutually beneficial strategy because the IRA owner can dictate the terms such as the interest rate. It’s a passive method for them to receive returns.

Additionally, the borrower forgoes the often tedious process of working with a bank on a traditional mortgage. There are very few regulations regarding how an individual can lend from his or her IRA. It is not legal to lend to yourself, your spouse, children or grandchildren, parents or grandparents.

Working with a self-directed administrator is crucial to this process running smoothly. At Advanta IRA, Scott and his team help individuals make sure their accounts are set up correctly, and ensure that the terms are in alignment with their needs. Advanta IRA can even deposit funds directly into an IRA for their clients.

On today’s show, Scott is sharing more information about how a self-directed IRA can act as a private money vehicle. We’ll discuss specific and common scenarios, as well as the flexibility that comes with this investment type. Scott has so much information to share; you won’t want to miss episode 239 of Investing in Real Estate! 

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:

  • How long does it take to set up a self-directed IRA?
  • How can you find a private money partner for investing from an IRA?
  • What types of investments are not permissible within an IRA?
  • Can you create an unsecured loan within an IRA?
  • And much more about self-directed IRAs! 

Episode Resources
Morty
EP065: The Power of Self-Directed IRAs - Interview with Scott Maurer
EP101: What Is Checkbook Control of Your IRA? - Interview with Scott Maurer
EP034: The Power of Private Money - Interview with Susan Lassiter-Lyons
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

Contact Scott Maurer
Call Advanta IRA at 1-800-425-0653 EXT 1123
Website
Facebook
Twitter
LinkedIn

 

 There’s another creative way to use a self-directed IRA to purchase real estate that we haven’t yet covered: taking a loan from an IRA!

EP238: The Infinite Banking Concept Revisited - Interview with M.C. Laubscher

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This episode of Investing in Real Estate is sponsored by Fund&Grow. Fund&Grow helps investors access business lines of credit with 0% interest. For $500 off your startup fee, visit morrisinvest.com/funding.

We’ve covered the Infinite Banking Concept a few times on the show, but our last episode on this topic sparked a lot of questions and comments. Since Natali and I are just beginning to learn about this strategy, we thought it would be best to bring an expert on the show to address your questions!

On this episode of Investing in Real Estate, M.C. Laubscher joins us to clear the air about the Infinite Banking Concept. M.C. is the Chief Wealth Strategist at Valhalla Wealth, and host of the podcast Cashflow Ninja. He’s made it his mission to help people safely grow wealth, while control of big banks. On today's show, M.C. is tackling your questions about investing with life insurance! 

More About This Show
The Infinite Banking Concept that M.C. teaches borrows principles from the business banking model. Banks have the most successful business model—they intake deposits and give out a small interest rate, and they lend funds out at a higher interest rate. You can incorporate these same principles to build wealth in your personal financial life.

This concept uses dividend-paying whole life insurance to recreate the banking system within your personal finances. Doing so is predictable, and stable. Not to mention, any growth inside these vehicles is tax-free! Using this method allows you to multiply your money by using it over and over.

We've recently learned that this is a controversial topic! M.C. understands that there is a stigma around this strategy. This is because in order to utilize this strategy correctly, the policy must be set up a certain way. Many people have not set up their policies with a reputable company, and are therefore unable to get the outcomes they've anticipated. 

On today's show, you’ll learn about the parallels between real estate investing and investing with life insurance. We’ll talk about the stigma surrounding the Infinite Banking Concept, and how to correctly structure your plan. M.C. is incredibly knowledgeable about this topic, please join us on episode 238 to learn more about the Infinite Banking Concept!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn: 

  • Why is there a stigma associated with this strategy?
  • How can you ensure that your life insurance policy is set up to use the Infinite Banking Concept?
  • Are there any restrictions on borrowing from your life insurance policy?
  • How does mindset factor into this strategy?
  • And much more! 

Episode Resources
Fund&Grow
EP122: How to Build Wealth Outside of Wall Street - Interview with M.C. Laubscher
Becoming Your Own Banker by Nelson Nash
The Infinite Banking Practitioner's Group
Prosperity Economics
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

Contact M.C. Laubscher
Cashflow Ninja
Valhalla Wealth
Facebook
Twitter
LinkedIn

 On this episode of Investing in Real Estate, M.C. Laubscher joins us to clear the air about the Infinite Banking Concept.

EP217: Learning to Invest with Life Insurance: Part 1

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We’ve had many guests here on the podcast who have educated us on the Infinite Banking Concept. This is a strategy that uses whole life insurance to create a banking system within your own finances. It’s an incredibly effective strategy, and can be used for purchasing cash flowing real estate.

But for whatever reason, it’s a strategy I have not yet utilized in our personal portfolio. On this episode of Investing in Real Estate, Natali and I are starting to get our feet wet in the world of investing with life insurance! We’ll give an overview of some of the questions we asked an expert, and how we plan to use this tool in our overall investing strategy. Don’t miss episode 217 of Investing in Real Estate! 

More About This Show
If you’re a longtime listener, you know that in our family we utilize multiple strategies in order to grow our real estate portfolio. We’ve talked about borrowing from 401ks, using HELOCs, private money, and more. However, using whole life insurance is something we haven’t yet experienced.

The Infinite Banking Concept uses whole life insurance to create a banking system within your personal finances. Doing so is stable and allows you to borrow money from yourself. Not to mention, any growth inside these vehicles is tax-free! Using this method allows you to multiply your money by using it over and over.

After I left my broadcasting career last month, we started looking deeper into this option. We believe that finances are not one-size-fits-all. In the past, we never felt like this strategy was for us. It almost felt like a distraction.

Now our lives are different. We’ve left behind 401ks and employer-sponsored insurance plans. Natali has taken the initiative to speak with an expert, M.C. Laubscher, about how using whole life insurance can fit into our personal finances and investing strategy.

On today’s show, we’ll talk about the value of having whole term life insurance to invest. We’ll share how we started down this rabbit hole, and how we plan to move forward using the Infinite Banking Concept. You’ll learn about our initial hesitations about this strategy, and more!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family. 

On this episode you’ll learn:

  • How do you roll over a 401k as a non-taxable event?
  • How is term life insurance like leasing a car?
  • What percentage of whole life insurance policies are appropriately leveraged?
  • Does whole life insurance go on your credit? 
  • What is the difference between using whole term life insurance and a self-directed IRA?
  • And much more!

Episode Resources
EP122: How to Build Wealth Outside of Wall Street – Interview with M.C. Laubscher
EP212: Deep Diving the Infinite Banking Concept – Interview with Nate Scott and Holly Reed
Live Your Life Insurance by Kim D.H. Butler
Follow Me on Instagram
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

 We're getting our feet wet in the world of investing with life insurance! Here's an overview of some of the questions we asked an expert, and how we plan to use this tool in our overall investing strategy.

EP212: Deep Diving the Infinite Banking Concept - Interview with Nate Scott and Holly Reed

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This episode of Investing in Real Estate is sponsored by Care.com. Care.com is the easy and reliable way to find and manage care for everyone in the family. To save 30% off a Care.com Premium membership, visit Care.com/investing.

This episode of Investing in Real Estate is also brought to you by SaneBox. SaneBox sorts through your email and moves all of the trivial stuff into a different folder, so the only messages in your inbox are the ones you actually want to see! Visit sanebox.com/investing today and they’ll throw in an extra $25 credit on top of the two-week free trial!

Like most people who are passionate about creating financial freedom, I’m always interested in learning ways to make my money work for me. The Infinite Banking Concept is an incredible tool you can use to reach your financial goals. Whether you’re looking to pay off credit card debt, purchase a car, or buy a cash flowing rental property, this system can help you not only reach your goal, but also make a profit!

On this episode of Investing in Real Estate, I’m sitting down with Nate Scott and Holly Reed of Living Wealth to discuss the ins and outs of the Infinite Banking Concept. You’ll learn about how to build your own private banking system and how to use this strategy to grow your real estate portfolio. Nate and Holly are experts on creating wealth; you won’t want to miss today’s show!

More About This Show
The Infinite Banking Concept, created by Nelson Nash is a method for individuals to use whole life insurance in a creative, effective way. The Infinite Banking Concept teaches individuals to act as their own bank. In their roles at Living Wealth, Nate and Holly encourage people to take advantage of this system.

While most people use whole life insurance for protection, banks are actually the largest purchaser of whole life insurance. Nate and Holly explain that in order to build wealth, you have to replicate the banks’ process. Big banks don’t purchase the policies and let cash accumulate over time.

Instead, they use the cash value to fund everything they do. This works because there’s a guaranteed growth rate on the life insurance, and it grows tax-free. In terms of buy-in, typically the minimum is a death benefit of $25,000.

Another incredible benefit of this system is when you take a loan, it comes from the life insurance company, and not your individual policy. Because of this, your money continues to grow in your account at the guaranteed growth rate. There is also no strict repayment plan, and no amortization schedule. There are very few limits to what you can do with this strategy!

On today’s show, Nate and Holly are sharing even more about creating your own banking system through whole life insurance. We’ll discuss the cost to get started, and how to change the way you use interest. You’ll also learn about Nate and Holly’s podcast, business, and partnership! Don’t miss this episode of Investing in Real Estate!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:

  • Why do big banks purchase whole life insurance?
  • How is the Infinite Banking Concept similar to leveraging a rental property?
  • What is the typical guaranteed growth rate on a whole life insurance policy?
  • How does Infinite Banking Concept compare with borrowing from a 401k plan?
  • How can you use this strategy to overcome debt?
  • And much more!

Episode Resources
Care.com
Sanebox
Dollars and Nonsense Podcast
Lifestyle Banking
Becoming Your Own Banker by Nelson Nash
The Tree of Wealth by Ray Poteet
Lifestyle Banking Beginner’s Course
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

Contact Nate Scott and Holly Reed
Website
Facebook
Twitter
LinkedIn

 The Infinite Banking Concept is an incredible tool you can use to reach your financial goals. Whether you’re looking to pay off credit card debt, purchase a car, or buy a cash flowing rental property, this system can help you not only reach your goal, but also make a profit!

EP194: The ABCs of Real Estate Investing - Interview with Ken McElroy

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This episode is brought to you by Thumbtack. Visit thumbtack.com to find pros in over 1000 categories to help with your project.

There are a lot of myths out there about real estate investing. And unless you’ve actually had experience as an investor, it can be easy to succumb to these misconceptions. On this episode of Investing in Real Estate, our guest is real estate legend and Rich Dad advisor, Ken McElroy! Ken is here to clear the air about some of the most commonly held beliefs about real estate investing.

Ken is a legend in the world of real estate; he has done over $700 million in real estate deals. On today’s show, Ken is sharing his insight into the world of real estate, and sharing principles from his best selling book, The ABCs of Real Estate Investing!

More About This Show
Ken McElroy’s journey into the world of real estate began in the property management sector. He explains that this prepared him for his future in real estate investing. Working in property management gave him a complete understanding of business expenses and income.

He naturally began purchasing his own rentals, but like many investors, he found that his capital was not unlimited. Ken started looking for ways to raise money, and along the way crossed paths with Robert Kiyosaki. At the time, Rich Dad Poor Dad was not yet a massive success.

Today, Ken and Robert have been investing together for over 15 years. Together, they raise capital from accredited investors. Robert touts Ken as one of trusted advisors.

Ken has had incredible success as an entrepreneur, real estate investor, and author. On today’s show, he’s sharing some of the biggest myths about real estate from his book, The ABCs of Real Estate Investing. We’ll also talk about the importance of goal setting, how to get started, and what Ken looks for in a deal.

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:

  • Do you need to be a seasoned negotiator to find capital?
  • Do you need money to get started in real estate?
  • What is Ken’s advice for aspiring investors?
  • Why is setting a clear goal so important?
  • What aspects of a deal does Ken think are more important than the numbers?
  • And much more!

Episode Resources
Thumbtack
MC Companies
The ABCs of Real Estate Investing by Ken McElroy

The ABCs of Property Management by Ken McElroy
The Advanced Guide to Real Estate Investing by Ken McElroy
The Sleeping Giant by Ken McElroy
More Important Than Money: an Entrepreneur's Team by Robert Kiyosaki and the Rich Dad Advisors
Rich Dad Poor Dad by Robert Kiyosaki
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

Contact Ken McElroy
Website
Facebook
Twitter
LinkedIn

 Ken McElroy clears the air about some of the most commonly held beliefs about real estate investing.

EP193: From Zero Experience to His First Rental [Case Study]

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This episode of Investing in Real Estate is brought to you by Mack Weldon. Visit mackweldon.com and use promo code CLAYTON to receive 20% off your order of high quality clothing!

Last fall, I began tracking the progress of an aspiring real estate investor here on the podcast. Pablo Fernandez contacted me wanting to obtain his first rental property, but he had a few limitations in front of him, including a lack of funds and experience. I encouraged Pablo to do some research, and begin looking for a private money lender.

Today on the podcast, Pablo is returning to share his accomplishments since our last check-in! You’ll hear how he found a private money lender, and his experience purchasing US real estate from overseas. Pablo has big news to share; you won’t miss episode 193 to hear part three of his real estate investing journey!

More About This Show
In case you missed episode 50 and episode 59, Pablo is a London based tech entrepreneur, who is interested in increasing his net worth through real estate. By purchasing rental real estate, Pablo aims to have the freedom to work on his startup company, without worrying about bills or income.

After our initial conversation, Pablo began putting steps in action in order to make his real estate dreams a reality. He started reading about real estate investing, and began pursuing private money. In his conversations about real estate, Pablo encountered a friend who happened to have money that he was willing to invest.

Pablo and his friend constructed a deal, and he began working with our team on finding a property that matched his needs.  We're excited to share that he is closing on his first rental property in a few short days!

On today’s show, Pablo is sharing his experience purchasing US real estate from overseas. We’ll discuss the entire process, from setting up business entities, to bank accounts. Pablo’s story is a testament to what can happen when you are proactive. Tune into this episode of Investing in Real Estate to hear how Pablo attained his first rental property! 

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:

  • Why was Pablo unable to secure traditional financing with a bank?
  • How did Pablo find a private money lender?
  • How did Pablo structure his business entities?
  • What was the hardest part about setting up a real estate business from overseas?
  • What are the details of Pablo’s rental property?
  • And much more!

Episode Resources
Mack Weldon
EP050: How to Begin Investing with No Money and No Experience
EP059: How to Secure Your First Private Money Lender
EP034: The Power of Private Money – Interview with Susan Lassiter-Lyons
Getting the Money by Susan Lassiter-Lyons
Getting the Money Course
The Millionaire Real Estate Investor by Gary Keller

ProVision Wealth Strategists
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

 

 Pablo is sharing his experience purchasing US real estate from overseas. We discuss the entire process, from setting up business entities, to bank accounts. Pablo’s story is a testament to what can happen when you are proactive. Tune into this episode of Investing in Real Estate to hear how Pablo attained his first rental property! 

EP185: What's Going on with the Current Market? - Interview with Brian Kline

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This episode of Investing in Real Estate is brought to you by ZipRecruiter. With ZipRecruiter, you can post your job to 100+ job sites with just one click. Visit ZipRecruiter.com/investing to post your jobs for free!

The real estate market is always changing, and savvy investors always stay up to date on market conditions. On today’s show, I’m sitting down with longtime real estate investor and writer, Brian Kline!

Brian has been in the real estate investing game since before the housing crisis, and on today’s show he’s sharing his perspective on the current market. Brian is also sharing his biggest takeaway from the 2008 crash, how today’s market is different from a decade ago, and how you can stay informed about market trends. Brian has so much insight to offer; you won’t want to miss this episode of Investing in Real Estate!

More About This Show
Brian Kline explains that one of the biggest takeaways he gleaned from the 2008 market crash is that real estate is a cyclical business. Just before the crash, many investors and homebuyers believed that there was no cap. But as we saw in 2008, real estate bubbles eventually burst.

Although the market today looks similar to the market a decade ago, Brian describes that there are some major differences. He posits that the market today is tighter; it is much more difficult to qualify for a mortgage.

No longer can investors go to the bank and quickly wrack up mortgages. He explains that for investors, creative financing is more important than ever before. Additionally, there is a vast amount of private financing available at this time.

Brian is constantly watching the current trends of the real estate business, and he regularly shares his contributions on Realty Biz News. On today’s show, Brian is sharing his insight into the future of the real estate market. We’ll talk about Millennials, Dodd Frank, and creative financing. Brian is also sharing his advice for first time investors, and how to choose a rental market. Don’t miss episode 185 of Investing in Real Estate!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:
What does Brian consider as the best niche for new investors?
What is the current average vacancy rate?
What are Millennials looking for in homes?
What is Brian’s prediction for changes in Dodd Frank?
What is a mortgage solution formula?
And much more!

Episode Resources
ZipRecruiter
How to Pay Little or No Taxes on Your Real Estate Investments by Brian Kline
How to Read and Understand Financial Statements When You Don’t Know What You Are Looking At by Brian Kline
Realty Biz News articles by Brian Kline  
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

Contact Brian Kline
Email
Twitter
LinkedIn

 The real estate market is always changing, and savvy investors always stay up to date on market conditions. We discuss what's going on with the current housing market.