Raising Money and Lending Money with IRA
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The conversation between Justin Colby and guest Greg, an expert in borrowing, lending, and earning compound interest with retirement accounts, delves into the potential of leveraging self-directed IRAs and 401(k) plans for real estate investments. Greg emphasizes the power of compound interest and the ability of money to make more money, highlighting the significance of financial growth and tax optimization. They discuss the process of transferring funds from a 401(k) to a self-directed IRA, emphasizing the tax implications and the opportunity for significant returns through self-directed IRA lending. The conversation also addresses the importance of networking, attending events, and engaging with active investors to explore potential lending opportunities. Greg shares his journey in real estate and the discovery of using retirement accounts for real estate deals, emphasizing the potential of using IRAs and retirement accounts to partner or lend money for real estate investments. They use hypothetical scenarios and calculators to illustrate the potential of making money on money and the significant impact of taxes on gains. The conversation serves as a compelling call to action for individuals to leverage retirement accounts and compound interest to secure a comfortable and financially stable retirement, while also highlighting the potential for wealth creation in the real estate industry.
The conversation between Justin Colby and guest Greg, an expert in borrowing, lending, and earning c