Help People With Money to Loan to Set Up a Self-Directed IRA, Then Borrow From it. - Lou Brown's 101 Street Smart Cash Flow Accelerator # 34
Help someone who has some money that they would like to loan, put that money to work. If they've got a self directed IRA, fantastic, they can move that money. They can actually loan that money to you. But what if they've got money in a retirement account and it's not a self- directed account? Self-directed means that they can actually direct that the money comes from the IRA Custodian to you and what you give back is a note to the IRA Custodian and they hang onto that and watch the payments come in based upon those notes. Well that's exactly what you can help Mrs. Jones to. You can help her move her money from a traditional IRA into what's called a self-directed IRA and there's plenty of self-directed IRA custodians out there in the world that can take care of that for you. That's what I encourage you to do. Then once you help them set up the IRA, you can borrow the money from it and it's one of the easiest monies to borrow because people don't need that money for their groceries. They don't need that money to pay their bills. That money is orbiting around the sun in their retirement account, and most of that money is earning 0.0 something percent interests. Imagine that you can now give bank rates for the money, and I'm talking about what the bank charges for a loan. You can now give that to a retirement account holder.
To watch the next part of the video go to: Line up access to money far in advance of your next real estate deal. https://youtu.be/poEChorvQyQ
Investors have long regarded Lou’s training, systems and forms as the best in the industry. He has been quoted as an expert by many publications including The Wall Street Journal and Smart Money Magazine.
Lou draws from his wide and varied background as a real estate investor. Having bought property since 1977, he has invested in single-family homes, apartments, hotels and developed subdivisions, as well as building and renovating homes and apartments. These experiences have given him a proving ground for the most cutting-edge concepts in the real estate investment industry today.
