Podcast | How To Build Tax-Free Wealth Using A Self-Directed IRA (Part 2)
June 8, 2020
Uncategorized
Global Property Buyers – Ask These 3 Questions …. Or Else
August 23, 2018
Owning property overseas is a great asset class diversification strategy inside an IRA. But before racing out to buy an investment property in a foreign country, read on to know 3 of the most important critical issues to know up front.
#1 – Does the developer have a record of success?
If the answer is “yes” and the developer has a proven track record, investigate that record. Visit some of their other locations. Would that property meet your expectations? How much have they invested in amenities to create a sense of community? How busy is it? A great mantra for overseas property ownership is, “Buy what you see.”
On the other hand, if the answer is “no,” that does not mean you should instantly walk away. Just understand that you are agreeing to be a guinea pig as they experiment and suffer forward through trial and error. Be sure to price that into equation.
Why Can’t I Have What They Have?
August 22, 2018
Nathan Ogden
(Nathan Ogden, inspirational speaker, trainer and author of “Unfrozen,” will be this year’s Chair The Love keynote speaker! In 2001, Nathan shattered his neck in a snow skiing accident, leaving him a quadriplegic. Since his accident, Nathan has traveled the nation visiting businesses, organizations, nonprofits and schools to speak about how to conquer fears and become “unfrozen” in your day-to-day life.)
Last week I took my two youngest girls with me into the mountains of Idaho to speak with a group of middle-aged single adults near Garden Valley. I gave a really fun talk that night outside the lodge with tall pine trees in every direction I looked. It doesn’t get much better than that. The next morning I helped give some workshops on how to face our fears and quit using excuses in all aspects of our lives. My girls and I slept in a tiny old cabin with extremely squeaky bed frames that have been there for many years. I didn’t sleep very well but it wasn’t because of the cold mountain air or because the bed was so skinny I couldn’t roll over to relieve pressure on my hips. It was because every time my girls moved even a tiny bit, (which for kids is all night long) the rusting metal springs just under our sleeping bags kept screeching an annoying high-pitch that made me want to stand up, walk out the door and take my chances with the coyotes. Even though we had a great time together there was something that kept distracting me. I mean really bugging me, and it’s not the first time this is happened.
Auto-Pilot Wealth
August 21, 2018
I recently spoke with a friend who is a commercial pilot for a major carrier and was surprised to learn how little work a pilot actually does these days. No, they aren’t lazy, it is just that they have a very sophisticated tool that can make decisions more consistently and faster than a human being. This marvel is the auto-pilot. It makes air travel safer than it has ever been and continues to do so.
Wouldn’t it be great to have an auto-pilot for your income to work the same way? Instead of having to work forever, wouldn’t it be nice to set your auto-pilot at some point and know that from a financial perspective, you’ll always be able to look forward to a safe landing?
Are Private Placements (PPM’s) Riskier than Wall Street?
March 6, 2018
Let’s take a look and see what actually happens behind the curtains.
In the case of a REIT (Real Estate Investment Trust) the market makers at Wall Street are between the investor and the deal and they take a healthy premium.
They typically take heavy fees and they often have a specific time-frame from when they enter the deal to when they exit. In this case they may sell into an unfavorable market.
Many investors invest in REIT’s, life insurance companies, pension plans or other large institution type funds. These funds typically invest in real estate, apartment buildings, self-storage and other assets very similar to the assets that are in a normal private placement. Continue reading…
