The Cashflow Project

Join me and my co-host, Steve, as we talk with Damion Lupo about eQRP® and why it’s the best investor tool for tax-deferred and tax-free investing. Damion has over 20 years of experience as a professional investor, having built and lost a $20 million business in single-family rentals to recreate that wealth again. He's a serial entrepreneur of over 50 companies and is most recently known for a retirement tool called the eQRP®. He’s going to share some great gems involving eQRP®, as well as his holistic approach to real estate investing. Stay tuned!

What is eQRP®? 

eQRP® or Enhanced Qualified Retirement Plan is a checkbook retirement account for responsible entrepreneurial investors who would like to gain more control of their retirement money. It offers more access to assets usually not allowed in traditional IRAs such as buying real estate properties or even gold. 

Almost all entrepreneurs can qualify for an eQRP®, whether it’s an online business, a consulting business, or if you’re a solopreneur or part of a partnership or corporation. Damion emphasized, though, that an eQRP® account is not for the reckless. It is ideal for people who can take total responsibility for their finances. 

About Damion Lupo: 

Born with an entrepreneurial spirit, Damion started his first business at age 11 (even hiring his parents for logistics support). Over the last quarter-century, he's started and owned more than 50 different companies, including an insurance agency, precious metals firms, a venture capital company, a coaching and consulting firm, and more than a dozen real estate investment and development companies. He’s also the founder of Yokido ™, his own martial art, and holds three other black belts. 

He is a sought after financial consultant for high profile private clients. Using a vast depth and breadth of knowledge on financial markets, money psychology, and unconscious pattern motivation, he’s an expert at quickly assessing hidden financial cancers and holistically healing his clients and organizations through awareness, empowerment, and vision development. 

Damion’s personal philosophy centers on Self Responsibility and a conviction that the only path to freedom is through candor, growth, and a big vision. That big vision ideal is what drove him to narrow the focus on the Retirement System and teach about the eQRP®, a tool to design retirement vs. get destroyed by it. 

Outline of the Episode: 

●    [01:33] From a $20 million portfolio into a negative five $5 million net worth

●    [03:31] The shift from a consumer mentality to a contributor mentality

●    [05:27] What is eQRP®? Why is it considered the Ferrari of retirement accounts?

●    [06:45] What's the difference between eQRP and self-directed IRAs?

●    [09:23] The effect of the Cares Act to retirement accounts

●    [11:14] What can or can't you invest in eQRP®?

●    [12:24] Why should you use eQRP® instead of directly investing in the assets themselves?

●    [14:16] Avoid self-dealing and choosing the cheapest route!

●    [16:58] Being the best at one thing instead of being the best at everything

●    [21:32] The 10X rule versus the 5X rule. How to push yourself without breaking?

●    [23:15] Stepping away from conventional wisdom and falling in love with the work

●    [26:32] How can you use eQRP® with a Roth account to not pay taxes for 50-70 years?

●    [31:33] Damion's business book recommendation

●    [32:48] Giving yourself the gift of stillness

●    [33:36] A quick background about Yokido

 Resources:

Join me and my co-host, Vince Gethings, as we chat with Alex Shandrovsky about deferring capital gains taxes with 1031 Exchanges. Alex is a Business Development Representative of the Zero Energy Solutions. Prior to that, he was the CEO and founder of Lchaim Foods, and a qualified intermediary (QI) for Madison 1031. He is very knowledgeable in a lot of different industries. In this episode, Alex generously shares his time in educating the listeners about 1031 Exchange, DST, capital gains, and more!

What is a 1031 Exchange?

The 1031 Exchange is named for Section 1031 of the U.S. International Revenue Service’s tax code. This section states that if an investor has made a profit from a real estate investment, the capital gains tax can be deferred if they purchase another property of the same kind with an equal or greater value at a limited time. The International Revenue Service limits the time to 45 days after selling the primary property. Within 45 days, you must already have a replacement property. If you fail to close on a property at the given time limit, you will have to pay capital gains tax. A qualified Intermediary plays an important part in this exchange because this person will be responsible for holding the 1031 Exchange funds. If you want to defer paying capital gains taxes and leverage your rental properties, 1031 Exchange would be a great strategy to achieve these. This may sound easy for other people, but it can cause you more money when it is not done correctly.

Delaware Statutory Trust

“As a backup, if your 1031 Exchange fails, maybe you couldn’t name a property in 45 days or what reason fails; you can put it in a DST.” - Alex Shandrovsky.

A Delaware Statutory Trust (DST) is a legal entity created under the Delaware law, mostly used in real estate investments, allowing multiple investors to work together in pooling money for investment purposes. DST is a great vehicle, which can potentially provide you a stream of income. Some investors do not want to be a part of a DST because of the restrictions and limited control they may have depending on their agreement with respect to the other trustees. This can typically be up to 499 investors, with a minimum of $25,000 investment requirement.

Outline of the episode:

• [00:34] What exactly is a 1030 exchange expert or a qualified intermediary (QI)?

• [01:29] He built a multi-million dollar business serving companies like Airbnb, Google, and Facebook.

• [02:12] Alex was the CEO and founder of Lchaim Foods, a large catering company.

• [04:45] In real estate, you're essentially creating assets for yourself where you're creating multiple streams of income.

• [06:22] Tax Code 1031, the ability to reinvest the proceeds into an exchange property and defer capital gains.

• [10:43] The challenges of bringing in a 1031 investor to multifamily syndication.

• [17:37] Syndicators need to give a structured statement to their CPA or QI. There are different levels of aggressiveness on how your strategy should be.

• [20:25] The crucial role of a Qualified Intermediary in dealing with a 1031 Exchange.

• [22:36] Is Delaware Statutory Trust (DST) a safe option or a good investment?

• [27:08] The powerful combination of using Podcasts and personal meetups as tools for digital marketing.

• [30:19] 1031 in a simple definition, what can and can it not be used for?

• [34:00] What are the questions you should ask when making a 1031 deal?

• [36:50] Let everyone know at least a year in advance if you’re planning on selling the property.

• [41:07] Using cost segregation on another building to offset a capital gains tax. Give yourself as many options as possible.

• [45:39] Make sure to pick the right partners and qualified people to work with,

• [50:33] The best books for Alex that he recommended are: Getting the Love You Want, and Never Split the Difference

• [52:28] When is Alex’s book coming out? What are his side hustle projects?

Join me and my co-host, Vince, as we chat with Kyle Jones about how he transitioned from starting out in the single-family space to multifamily real estate. Kyle is the co-founder of TruePoint Capital and the American Grid Company.

50% to 100% Occupancy Rate 

Kyle had an experience with a 56 unit deal where he had to take the occupancy rate down to 50% within the first three months of owning the property. There were a lot of residents at that time that was refusing to pay. The property manager had to remove the bad tenants. With the vacant units, they were struggling to lease them back up. Then, Kyle decided to renovate when the occupancy rate was low. And by month nine, they were able to bring it back to 100% occupied. An excellent performance and achievement by Kyle because he was able to accomplish that in less than a year! This experience shows that he has great leading and management skills.

Staying Connected With Your Property Managers during COVID-19

Human connection has significantly decreased over the past few months. A lot of people are struggling because of the massive changes in how we normally do things. This has impacted almost everybody’s mental health. That is why it is necessary to keep everybody engaged in the business, especially now because of the COVID-19. Staying connected with your property managers will be one of the driving forces that will help your business survive the pandemic, through conducting weekly calls, chats, and meetings. By doing these, you’ll be able to check up and be updated with their current situations. Keeping them aligned and headed towards the same goal or direction, thus holding the property managers accountable for their roles and responsibilities. Furthermore, your small acts of checking up on how they are handling this pandemic will help alleviate their stress, even just a little. 

Outline of the episode:

·        [00:36] Multifamily real estate is the best asset class to start investing in. 

·        [04:14] Successfully building cash flows provide a financial security blanket.

·        [05:40] Transitioning from investing in the single-family space to the multifamily real estate. You can make more money by aiming and going bigger.

·        [07:39] The benefits of having a partner in the real estate industry. Why did Kyle Jones decide to create and build a partnership? 

·        [08:34] The real estate portfolio of Kyle consists of mostly an incredible 100 unit plus buildings. 

·        [10:23] Businesses are slowly rising from the devastating impact of the COVID-19.

·        [11:56] Raising 50% occupancy rate to 100% in a short period.

·        [14:44] It is very important to find the right property managers who will listen and understand your strategies

·        [20:00] The struggle of looking and acquiring new deals during the COVID-19.

·        [24:15] Increasing the net operating income by focusing more on collections and managing your expenses better.

·        [28:46] Staying engaged with all your property managers through having weekly calls.

·        [31:20] What are the key changes that Kyle has made with the underwriting in dealing with this pandemic?

·        [32:39] The Multi-Family Millions by David Lindahl, a book that has helped Kyle the most in learning about the multifamily space.

·        [33:26] Kyle’s superpower is his amazing capability of building rapport quickly.

Join me and my co-host, Steve Fierros, as we chat with Kevin Gardner about earning additional income through utilities and cable contracts. Kevin is the Managing Partner of Telecom Marketing Strategies and the Multifamily Utility Solutions. Multifamily Utility Solutions was established to help multifamily property owners with their utilities and overseeing access agreements. The demand for this grew, and now they provide their service throughout the US! In this episode, Kevin shares with us the amazing opportunities you can find when offering services like these.

Looking for New Business Opportunities

With a lot of different businesses in the world, innovating and looking for new business opportunities is not easy. It can be overwhelming for some people to start and provide a service that’s uncommon. Compared to franchising a known brand, the risk of failure is higher. That’s why it takes a lot of dedication and passion to start building your own business from the ground up.

Generating Additional Income through Cable Contracts

Kevin shared some interesting trivia with us. He said that even if multifamily property owners do not pay for their residents' cable, the cable company will still need their permission to be on their property.

That’s where the Multifamily Utility Solutions service comes in. They negotiate with the cable company for you, to get you compensation for giving them the right to be on your property. They help you form the agreement with the cable company. This also helps generate additional income for multifamily property owners. 

There are two types of agreement: the bulk build, and the right of entry. In the bulk build agreement, the owner pays for all the residents' cable. The advantage of this is that because the multifamily property owner is purchasing in “bulk,” the consumers will have to pay less. Instead of paying for the entire cable connection, they will be charged per unit cost. The other agreement is called the right of entry. All you have to do is grant the cable company the right to be on your property. You will not be charged anything, and you will still receive compensation. It’s like hitting two birds with one stone! 

If you have more questions about these agreements, tune in and enjoy the episode now! 

Outline of the episode: 

·        [02:55] An overview of Kevin Gardner’s company.

·        [05:52] The ideal unit size or property size they work with.

·        [10:03] Two types of agreement: the bulk build and the right of entry.

·        [13:52] Educating multifamily owners about the opportunities they can get in having cable and internet property access agreements.

·        [15:34] Be creative and look for opportunities. They’re there if you look hard enough.

·        [17:51] Why is being a subject matter expert in one thing better than having many?

·        [19:28] 30 years of building long-term relationships, improving quality of service, and growing the company.

·        [24:48] What particular asset class provides better opportunities? 

·        [29:51] COVID-19 didn’t have any huge negative impact on Kevin’s business. People are using water, gas, electricity, internet, and cable connections now more than ever.

·        [32:44] Make Elephants Fly, and If it Ain't Broke...Break It!

·        [33:54] The ability to see things, how they connect, and how pieces come together

Join Duc and Vince, as we chat with Jamie Gruber and Benoit Malige about building partnerships and leveraging human capital. Jamie and Benoit are Co-founders of the Multifamily and More group, a real estate investment club, helping its members achieve their financial and lifestyle goals through real estate investment. With their fantastic partnership, they were able to take the company from just being in a local market to expanding nationallly.

The Advantages of Having a Co-founder

Starting a business is a big responsibility and a lot of work. You can only do so much as a single founder. It can be discouraging for people who do not want to share their control of decision-making; however, there are so many advantages when you have a Co-founder.

About Multifamily and More:

We interview guests on virtual platforms, organize meetups in multiple cities and host events and mixers all aligned with our goal. We exist because we were sick of REIAs existing just to make money without giving anything back. We’re committed to adding value and being a fresh face in the real estate meet up space.

Go to MultifamilyAndMore.com to find out more!

Outline of the episode:

·        [01:01]The key takeaways of the episode.

·        [01:46]How did Jamie and Benoit meet, and why did they decide to form a partnership?

·        [03:09]The story of Jamie and Benoit’s journey of how they started to earn passive cash flow.

·        [05:23]Three ways you can build a passive income. Work hard on building credibility.

·        [07:36]Reasons why should you start building passive cash flow.

·        [09:52]Most recent deal they invested in and having the ability to overcome their struggles caused by the pandemic.

·        [14:39]What’s their plan on the overall exit?

·        [18:14]Figure out what works best for you. Relationships in business are essential.

·        [19:50]Having good tenants depends on how well you screen them. Always maintain communication.

·        [24:21]What are Jamie and Benoit’s biggest mistakes in the business? It’s incredible how their opposite traits balance their strategic partnership so well.

·        [29:49]How did the Multifamily and More blow up from just being a local market? 

·        [36:20]What makes Multifamily and More different than the other investment clubs?

·        [38:52]The systems, technologies, and applications that they’re using for their business.

·        [42:56]Being authentic, looking at small cuts that you can make on the expense side, and leveraging the scale where it’s possible.

·        [45:57]Never Split the Difference, Interview with the Devil, Think and Grow Rich, How to Win Friends and Influence People.

·        [50:29]Where are Jamie and Benoit’s favorite destinations?

Join me and my co-host, Vince, as we talk with Jake Marmulstein about multifamily investor portals and real estate software. Jake is the founder and CEO of Groundbreaker, a company offering software application that helps real estate investment firms automate workflows in fundraising, investor reporting, and investment management. He’s going to walk us through the process of growing a business from the ground up. Stay tuned!

A Problem that Turned to an Opportunity 

In 2011, Jake was handling all the different things in his investment firm. From file storage, emailing back investor information, managing the data, keeping all the data accurate, doing back of the envelope calculations, and preparing presentation materials for investors. Everything was done manually! He found that it was a very repetitive and laborious process to maintain the work that they had at their company. He was looking for a more efficient way but couldn’t find any available solution offered in the market. It was then that Groundbreaker became a seed in his mind. He started his journey to building a company that helps real estate investment firms streamline capital fundraising and investment administration.

Improving Investor Relations 

Building trust with your investors is integral if you want to scale your business. Jake points out the importance of being consistent when it comes to providing updates to your investors. Especially for people who are putting money into your business for the first time, these people would appreciate the level of honesty and consistency from you, as a business owner. Whether it’s about the wins or the challenges your company is facing, you’ll be surprised at how understanding investors can be if you just come to them with a degree of transparency in managing things. 

About Jake Marmulstein: 

Jake is an entrepreneur and business executive with a variety of experience, including ERP to SaaS, digital marketing to education technology, and hospitality to real estate. He has advised executives of early-stage companies, lead operations and finance, product, sales, and customer success efforts.

In his current operating role, Jake is the Founder, President & CEO of the Real Estate Investment Tech SaaS company Groundbreaker Technologies. He made the initial angel investment, completed key hires, established selling, financial and operational systems, lead a Series Seed-round of financing, and continues to grow the company.

Outline of the Episode:

●    [01:27] From doing all the grunt work for his investment firm to offering software that helps people operate their business more efficiently.

●    [05:01] How Groundbreaker started, and the challenges experienced along the way

●    [08:55] Finding your core team and building out functional departments are essential to scale in your business.

●    [13:04] What are the most common and trending real estate deal structures in the market?

●    [14:23] Doing what you say you're going to do and keeping trust as you go along will improve investor relations. It all boils down to consistency!

●    [16:58] Getting outside help from a mentor, advisor, or coach is immensely valuable.

●    [20:15] How to vet and compare software for your real estate business? What are the things you should look out for?

●    [23:20] Why hiring the right people, at the right time, is so important?

●    [29:07] Being a good listener is a trait that is super helpful when you are running your own business! 

Join me and my co-host, Vince, as we chat with Tony Angotti about house hacking, utility optimization, and choosing the right investment partners. Tony is a realtor with Deacon and Hoover Real Estate Advisors specializing in investment real estate in the Pittsburgh Area. He capitalizes in out of state investors, and he’s going to share his insight on how to develop those partnerships, and more. Stay tuned!

 Getting into House Hacking

 Tony came across the concept of house hacking when his wife introduced him to the BiggerPockets podcast. He realized that it’s a win-win solution to live and earn at the same time, in a property that you own.

 House hacking is a good first step, either for first-time investors wanting to get into the real estate industry or someone who just wants to build passive income. Tony shares that with house hacking, he can start with a small capital and slowly leverage that into bigger investments and build cash flow that way. He considers himself someone who doesn’t want to be tied down to others’ obligations and prefers a more flexible lifestyle. The passive income he gets from house hacking perfectly fits his life preferences.

But while house hacking has its many advantages, Tony also cautions first-time investors on the possible challenges of going this route. He shares how it is crucial not to try to do everything on your own. In the beginning, Tony was his own property manager, handyman, numbers guy, basically doing everything required by his business. He realized that it was not sustainable to do that and to grow your business, you need to put a good team together to help you out. He is now in the process of hiring his first two employees, one of which is his dad, who will be working as his handyman. 

From one duplex unit, Tony now owns roughly 80 units and is nowhere near stopping!

Outline of the Episode: 

[02:29]- Discovering the potential in house hacking and real estate.

[05:10]- Deciding between hiring an outside property manager or bringing somebody into your own group. What are the pros and cons?

[10:23]- What are the challenges in purchasing class C or D properties?

[16:22]- Managing a real estate business in Pennsylvania amidst the COVID-19 crisis.

[20:30]- Starting in real estate as early as possible and getting people to help you with the business from the get-go. Don’t try to do everything on your own!

[23:31]- Why storefront properties are more challenging to fill than residential properties during the pandemic?

[25:26]- Separating the heating expense in targeted buildings can help increase the NOI - Utility optimization is a great strategy to explore!

[30:28]- What software to integrate into your asset management, particularly for record-keeping and accounting?

[34:54]- Finding somebody with the same character and attitude towards investing is essential!

[35:53]- How to raise capital money through private financing? Getting into the specifics of debt partnerships.

Resources:

●       The 412 Agent

●       Be Free RE Podcast

●       Linked In

●       Facebook

●       Instagram

●       Bigger pockets

●       “The Millionaire Real Estate Agent” by Garry Keller

●       “The Millionaire Real Estate Investor” by Garry Keller

 Connect with The Cashflow Project!

●       Website

●       LinkedIn

●       YouTube

●       Facebook

●       Instagram

Join me and my co-host, Matt, as we chat with Yonah Weiss about why depreciation isn't necessarily a bad word and how you can use cost segregation to increase your tax write-offs and your cash flow.

Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has helped clients save tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He’s a real estate investor and host of the new podcast Weiss Advice. He’s going to discuss how cost segregation works and who should use it. Stay tuned, and enjoy the episode!

 Depreciation and Cost Segregation

 Cost segregation is a way for you to save on income tax from your real estate investment and increase your cashflow by accelerating depreciation deductions.

 Looking at depreciation from this viewpoint, it wasn't such a bad thing after all. By speeding up your assets’ depreciation, you can offset any income that you generate from your real estate investments and drive your bottom line.

 Cost segregation is a simple yet powerful tool that you can use as a real estate investor to increase property value and increase cash flow. And if you haven't done a cost segregation study for your investment properties yet, now may be the right time to explore this option.

 About Yonah Weiss:

Ever since I was young, I have been a teacher; my grandmother used to call it “the family business.” The principle “If you know ABCs--teach ABCs” has always resonated with me. It’s what drove me to teach professionally for over a decade, and it’s what continues to drive me to help people save tons of money on income tax or invest in real estate.

Outline of the Episode:

●       [01:44] - Defining and understanding what depreciation is

●       [05:39] - Cost segregation is just an advanced form of depreciation.

●       [6:39] - Who should use a cost segregation study?

●       [8:40] - Why would someone perform cost segregation when the depreciation is recaptured at exit?

●       [10:44] - Recapture tax is something very serious that you need to consider when buying a property.

●       [12:45] - The price point of a cost segregation study based on the scope of work of the project

●       [14:48] - Madison SPECS' free feasibility analysis estimate

●       [16:52] - How will a cost segregation study increase your cash flow as a property owner?

●       [21:19] - You do not have to do cost segregation in the first year of ownership. You can get it retroactively.

●       [24:00] - When is the right time to do a cost segregation study?

Resources:

●       Linked In

●       Personal Website

●       Company Website

●       Facebook

●       Podcast

●       Virtual Real Estate Meetup

●       "Tax-Free Wealth" by Tom Wheelwright

Connect with The Cashflow Project!

●       Website

●       LinkedIn

●       YouTube

●       Facebook

●       Instagram

Join me and Vince as we chat with David Pere about his journey going from being in the military to successfully getting into real estate and eventually starting The Military Millionaire Podcast. David is an active-duty Marine who dived into the real estate business in 2015. From house-hacking a duplex with FHA loan, and buying a 10-unit apartment in Missouri while stationed in Hawaii, he has definitely come a long way! He made it his mission to teach personal finance and real estate investing to service members and the working class!

From Military to Millionaire

Just like most people who have gotten into the industry, David attributes the beginning of his real estate jump to the book “Rich Dad, Poor Dad”. In less than 3 months from reading it, he decided to house-hack a duplex and figured that it works, and that he wants to keep doing it.

He realized that he prefers the buy-and-hold approach in investing because once the property is purchased, and you have a good team in place, you don't have to do very much with it, and it will grow over time. Since then, he had purchased several buy-and-hold investments and has started his own company. 

To him, real estate investment is not that complicated and anyone who wants to try it, should just go for it and make that jump. However, he pointed out the importance of learning everything you can about the industry and setting your goals from the beginning.

Getting into Podcasting

David shares how his desire to document what he was doing was what got him to start on podcasting. He thought about starting a blog but couldn't think of anything else to talk about. And then, out of nowhere, The Military Millionaire Podcast was born with the goal of teaching service members and veterans how to build wealth through real estate investing, entrepreneurship and personal finance.

About David Pere:

●     David is an active-duty Marine

●     David is a Command Financial Specialist (military finance advisor)

●     He is a buy-and-hold investor in residential, commercial, and multi-family real estate.

Outline of the Episode:

●      [1:19] - David shares how the "Rich Dad, Poor Dad" book inspired him to start investing in real estate.

●     [2:49] - How’s it like buying in this new COVID reality we're in?

●     [5:26] - When starting in real estate, you have to learn everything you can.

●     [8:05] - Why does David prefer the buy and hold strategy?

●     [9:28] - David recounts how he was able to acquire a 10-unit property through creative financing.

●     [13:30] - David talks about capital financing and the property he acquired in Missouri.

●     [16:31] - A lot of people get into real estate, but they don't set out with a goal in mind.

●     [19:39] - David gets into the most costly mistake he made.

●     [24:15] - Easy ways to tweak and save on expenses!

●     [29:39] - What are the benefits of having a podcast?

●     [31:56] - David shares how he got into podcasting.

●     [36:14] - The difference between LP and GP

Resources:

●     From Military to Millionaire

○     Website

○     Podcast

○     Facebook Group

○     Youtube

●     "Rich Dad, Poor Dad" by Robert Kiyosaki"

●     "The Multi-family Millions" by Dave Lindahl

●     "How to Invest in Real Estate" by Brandon Turner & Joshua Dorkin 

Join Vince and Steve with Brian Eastman as they chat about what to do with your retirement accounts. Brian is a principal and senior consultant at Safeguard Advisors. He shares some options especially for accounts that are under performing and when you’re not satisfied with the current market volatility.

Brian’s company specializes in self-directed retirement plans with checkbook control. It serves as a tax-sheltered bucket of money, like any other retirement plans out there. Aside from the investment flexibility in self-directed IRAs, it also has a higher contribution limit. This type of plan benefits people who have been working for a while, those who have accumulated some money and have changed jobs at least once.

The nature of the investment with a retirement plan can create tax implications, depending if it is in a small business, an LLC or a corporate one like Ford. This can be a deal breaker or not depending on some conditions. There might even be a loss of gross return to taxation. In short, there is a cost in participating in these investments.

Brian discusses how some people had their 401(k) become a 201(k) in the period of 2008-2010. A lot suffered some loss, while some just froze. Investments took a pause for two weeks and now Brian said that they’re starting to see an uptick. This crisis has made people pay attention to their retirement funds and when they do, they may want to be diversified.

Brian discusses investing in a mix of asset classes in real estate and real estate-backed, ventures, and partnership interests. He said that there’s still a tremendous deficit in real estate supply and there might be people who are currently homeowners that are going to become renters. He sees that there will be an increase in the demand for rental property in the near future. So, it may create some buying opportunities in real estate investments.

Outline of the Episode:

●       [02:00] Self-directed IRA and the solo 401(k) plans

●       [04:00] Who benefits the most in self-directed IRAs

●       [05:12] Tax issues in retirement vehicles

●       [06:50] Self-directed IRAs are meant to be investing at arms length in passive-income producing things

●       [08:40] Taxes on leveraged investments

●       [10:50] There is a cost in participating to investing

●       [13:20] Market volatility during Covid-19

●       [17:16] The minimum amount to invest

●       [18:55] Different kinds of arms-length investments

●       [22:22] Brian’s experience in investing

 Resources:

●       www.IRA123/tricity.com

●       [email protected]

●       @SafeguardIRA

●       877-366-4074

●       Safeguard Advisors

●       How to win Friends & Influence People - Dale Carnegie

●       The Call of the Wild (2020 Film)

Connect with The Cashflow Project!

●       Tri-City Equity Group

●       Facebook

●       Instagram

●       YouTube

●       LinkedIn