Loved the video! I found it very informative!! You did not repeat yourself and the audio was great! Keep posting more information, it's needed for those of us new to investing!
Helpful video. I think I see a typo in one of your foils (I'm borrowing a term from meeting presentation techniques used YEARS ago. Dating myself). In any case, at 13:41 I think you misplaced "contract" with "contact"... FYI. Almost six years after this vid was posted, I'm strongly considering a SDIRA scenario but not for Real Estate purposes. Instead, private equity. Must (learn about and) avoid prohibited transactions to make this fly... Thanks for the presentation. It is quite well done, as others have stated.
Has any of what you said changed since this video was made regarding the real estate industry? What about using SD-IRA for investing in stocks? How does one use SD-IRA for investing in a business, like being a silent partner?
Not really other than the IRS has backed off since the Republicans took control of the WH. If you want to invest in stocks that are not traded on an established exchange then you would need an SDIRA. You could not invest in an active business with your SDIRA unless the business is a c-corporation.
I have a LLC for my rental property. I'm told it's not an eligible entity b/c my LLC generates passive income and It's not a true company were you actually need work for profit. Any comments on this?
Can you purchase other things such as precious metals or bitcoin futures or buildings? Or are those each a separate solo 401k? On average how much is a LLC to setup?
The general answer to your question about investment is yes you can make such investments and it takes places in the same 401k. Many people are not aware that a 401k can be set up to allow such investments. Most 401k prohibit such investments because the investment advisor wants to control your money. The average cost to establish a LLC is $1500 plus filing fees.
So how about using Alpine Capital for a sdira. I thought i saw u guys recommend aaron adams and his company to take care of the properties via custodian in a sdira (just for an old Roth).
Yes you can own real estate in a LLC owned by an IRA. However proceed cautiously when using this strategy to avoid entering into a prohibited transaction.
Thanks for the info. Another lawyer on TH-cam whose name rhymes with Pohler almost sold me. Turns out the custodian sdira agency that he highly recommends is also his and he never talks about the hidden fees. 🙏🙏🙏
wickedn355 we have no hidden fees. We don’t have monthly fees, no transaction fees or per asset fees. Only an app fee and annual maintenance fees will be the only thing you would incur
This video is a joke and so misconstrued with information. If any of you want to know 5 reasons why you should start a SDIRA give me a call or shoot me an email. Also, you can absolutely purchase a rental property with your SDIRA and personal funds hahahaha
Can you give me 3 instances of "misconstrued information" in the video (also provide the time stamp where the information appears in the video? I do not want viewers to receive in accurate information and I would like to review your concerns.
Real Estate Asset Protection it is called a joint venture agreement. And while you, yourself, is considered a disqualified person to your SDIRA, you can still partner with your own personal funds to close real estate deals. Our clients do this all the time because they want to have a little piece of pie. The only difference when you partner with yourself is that whatever the undivided interest is in the property, all profit and expenses are split according Example, if you purchase a 100k property all purchase and rehab. You use $80k of your money and $20k of your sdira you have 80% undivided interest and your sdira has 20% undivided interest. You sell the house for $120k for a $20k profit, that’s means your personal funds would increase by $16k and your sdira would get $4k of the profit.
![[LIVE] : ONE ลุมพินี 89 | คู่เอก "ยอดไอคิว vs คิริลล์"](http://i.ytimg.com/vi/Z3vYkHJ_5Ig/mqdefault.jpg)
Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 aba.link/izn
Amazing you were talking about this on your Channel 8 years ago.
The commitment 👏.
Yes! Thank you!
Loved the video! I found it very informative!! You did not repeat yourself and the audio was great! Keep posting more information, it's needed for those of us new to investing!
Yeah you work for the man ..self directed ira give you power to control your destiny
Helpful video. I think I see a typo in one of your foils (I'm borrowing a term from meeting presentation techniques used YEARS ago. Dating myself). In any case, at 13:41 I think you misplaced "contract" with "contact"... FYI. Almost six years after this vid was posted, I'm strongly considering a SDIRA scenario but not for Real Estate purposes. Instead, private equity. Must (learn about and) avoid prohibited transactions to make this fly... Thanks for the presentation. It is quite well done, as others have stated.
jRb I can help you if you would like more information
Awesome Information. right on money. Thank you.
Is there a Roth version of the Solo 401K?
Yes. I will cut a new video on this and post in a few weeks.
thanks for providing the information
You bet!
Has any of what you said changed since this video was made regarding the real estate industry?
What about using SD-IRA for investing in stocks?
How does one use SD-IRA for investing in a business, like being a silent partner?
Not really other than the IRS has backed off since the Republicans took control of the WH. If you want to invest in stocks that are not traded on an established exchange then you would need an SDIRA. You could not invest in an active business with your SDIRA unless the business is a c-corporation.
Actually, the company I went with has explained to me everything that I can and can't do. I also have done my own due diligence
Nice
Can the solo 401 buy precious metal and if so how does it need to be stored for IRS reasons. Thank You Clint
Terry Hockert yes it can and yes it does
I have a LLC for my rental property. I'm told it's not an eligible entity b/c my LLC generates passive income and It's not a true company were you actually need work for profit. Any comments on this?
BS. Rental activity is a recognized business activity.
so what do you recommend?
Solo 401k.
Can you purchase other things such as precious metals or bitcoin futures or buildings? Or are those each a separate solo 401k? On average how much is a LLC to setup?
The general answer to your question about investment is yes you can make such investments and it takes places in the same 401k. Many people are not aware that a 401k can be set up to allow such investments. Most 401k prohibit such investments because the investment advisor wants to control your money. The average cost to establish a LLC is $1500 plus filing fees.
Hi Clint, since you can only fund a solo 401k one time, can you set up multiple solo 401ks?
The max you can fund (personally) is $20,500 across all of your plans.
@@ClintCoons could a spouse contribute their own $20k? Or how else can it be funded ?
@@perlaargyle9343 Yes if the spouse is receiving a salary from the sponsoring entity.
Thanks Clint!
I already have 2 LLC setup that holds real estate. can I use one of these to set up the SOLO 401k and move the $ I have in an IRA?
As a trustee, wouldn't that nullify any efforts one made for privacy?
more like 25 reasons thanks alot
So how about using Alpine Capital for a sdira. I thought i saw u guys recommend aaron adams and his company to take care of the properties via custodian in a sdira (just for an old Roth).
Yes you must set up a SDIRA for your ROTH if you plan to buy real estate. Try contacting Dennis Blitz at the IRAclub.
@@ClintCoons Thanks. You guys are the best.
Solo 401k is the way I’m going! Thanks for sharing!
Can any one of these work if I want to live in one of the units??
No
the audio is only on the left side
Just flip your headphones - then it will only be on the right side : )
Can I put a piece of property under contract in the name of my IRA LLC?
Yes you can own real estate in a LLC owned by an IRA. However proceed cautiously when using this strategy to avoid entering into a prohibited transaction.
Bery useful
Thanks a lot
Thanks for the info. Another lawyer on TH-cam whose name rhymes with Pohler almost sold me. Turns out the custodian sdira agency that he highly recommends is also his and he never talks about the hidden fees. 🙏🙏🙏
wickedn355 we have no hidden fees. We don’t have monthly fees, no transaction fees or per asset fees. Only an app fee and annual maintenance fees will be the only thing you would incur
LOL
Thanks for the info. Is there any way to create a Solo 401K for those of us that do not own a business but do have money in a regular IRA?
Possibly. This would require a strategy session. If you like you can schedule a free strategy session with this link: aba.link/bg
My reasoning for having a SD Roth IRA is to invest in stocks, not real estate.
So you investing in fake money a.k.a. fiat currency, your loosing money - good luck with that shit 😬
@@theothertroll I am a long term investor so these cycles that the stock market goes through means nothing to me. Good luck to you.
Solo IRA is not possible if you do not own your own business! So, this has very limited use for those of us who do not own our own business.
Correct so you next option would be to use the SDIRA
Why avoid self-directing an IRA?
I'm getting over 24% growth this year.
Has anything changed since you posted this in 2014 for the better or for the worse?
Yes. With the change in the Senate in 2015 to republican and the administration in 2016, the audits have decreased significantly.
Is a Trustee better than a Holding company to control your Self Directed IRA?
Neither will control your IRA. You direct the IRA investments.
So how did Mitt Romey get his riches
Baine & Company.
What are the negatives of solo 401k? And can you invest in other businesses? Thanks
Thanks
Wondering what options you have regarding your IRA retirement accounts, checkbook or self-directed? th-cam.com/video/546FmD3Y0kI/w-d-xo.html
Wondering how IRA Investing is DIFFERENT than buying something personally? th-cam.com/video/WGHPLXG_7jM/w-d-xo.html
We have a way to allow this and avoid the hassle (solving the problems listed on the What Are They Hiding slide) www.dkiffmeyer.com/sps
Doug Kiffmeyer aren’t you in prison now? Check out this link: www.stltoday.com/tncms/asset/editorial/d070a5a5-164f-52a4-86da-e5d400fd5b1c
This video is a joke and so misconstrued with information. If any of you want to know 5 reasons why you should start a SDIRA give me a call or shoot me an email. Also, you can absolutely purchase a rental property with your SDIRA and personal funds hahahaha
Can you give me 3 instances of "misconstrued information" in the video (also provide the time stamp where the information appears in the video? I do not want viewers to receive in accurate information and I would like to review your concerns.
Real Estate Asset Protection it is called a joint venture agreement. And while you, yourself, is considered a disqualified person to your SDIRA, you can still partner with your own personal funds to close real estate deals. Our clients do this all the time because they want to have a little piece of pie. The only difference when you partner with yourself is that whatever the undivided interest is in the property, all profit and expenses are split according
Example, if you purchase a 100k property all purchase and rehab. You use $80k of your money and $20k of your sdira you have 80% undivided interest and your sdira has 20% undivided interest. You sell the house for $120k for a $20k profit, that’s means your personal funds would increase by $16k and your sdira would get $4k of the profit.
Horrible audio quality
Terrible,
You repeat yourself too much sir.. The suspense is killing me.