How to turn $1,500 into a 1,000% tax-free return using an option and an IRA
My good friend, David Phelps, told me about his transaction this week. It is a great example of combining a Roth self-directed IRA with a real estate option.
This week, among 3 other transactions, I took $1,500.00 from my daughter's Roth IRA and purchased an option interest on a property that is worth at least $15,000.00 at today's market values.
These deals are available in EVERYONE'S market today - if you are not doing these kind of deals on a regular basis, you are missing out on the greatest wealth transfer of our lifetime.
So.....how did I do it?
Here's what I didn't do.....
I didn't search Craigslist or the local MLS for "Options for Sale."
I didn't call FSBO signs or ads asking to "Buy and Option."
And no one answered my ad "Investor Seeks Option Contract."
Nope.........none of those.
Here's what I did........
I simply surrounded myself with other like-minded investors and catalysts entrepreneurs) who are all going in different directions seeking different goals.
I helped two other REAL PEOPLE (not banks) put together a great deal that someone else "found" and from that opportunity, "created" the option as well as a great deal for another private lender's traditional IRA and helped the entrepreneur/catalyst make a killer acquistion.
My daughter's Roth will hold the Option for the next 5 years and at least generate a profit of 10X the $1,500.00 investment.
My guess is that it will be closer to 20X. But 10 X would be 'good enuf.'
If you aren't getting these opportunities at least on a weekly basis, then you are hunting in the wrong field. Or you just are not open to what is available.
Either way, you are doing yourself a huge disservice by not putting some time and effort into the killer deals that are available in any market in the U.S. today.
America is on sale!
You need to tap into this sale or forever hold your peace.
Don't be one of those who will look back in 5 years and "wonder what happened" and why you didn't take action!
This week, among 3 other transactions, I took $1,500.00 from my daughter's Roth IRA and purchased an option interest on a property that is worth at least $15,000.00 at today's market values.
These deals are available in EVERYONE'S market today - if you are not doing these kind of deals on a regular basis, you are missing out on the greatest wealth transfer of our lifetime.
So.....how did I do it?
Here's what I didn't do.....
I didn't search Craigslist or the local MLS for "Options for Sale."
I didn't call FSBO signs or ads asking to "Buy and Option."
And no one answered my ad "Investor Seeks Option Contract."
Nope.........none of those.
Here's what I did........
I simply surrounded myself with other like-minded investors and catalysts entrepreneurs) who are all going in different directions seeking different goals.
I helped two other REAL PEOPLE (not banks) put together a great deal that someone else "found" and from that opportunity, "created" the option as well as a great deal for another private lender's traditional IRA and helped the entrepreneur/catalyst make a killer acquistion.
My daughter's Roth will hold the Option for the next 5 years and at least generate a profit of 10X the $1,500.00 investment.
My guess is that it will be closer to 20X. But 10 X would be 'good enuf.'
If you aren't getting these opportunities at least on a weekly basis, then you are hunting in the wrong field. Or you just are not open to what is available.
Either way, you are doing yourself a huge disservice by not putting some time and effort into the killer deals that are available in any market in the U.S. today.
America is on sale!
You need to tap into this sale or forever hold your peace.
Don't be one of those who will look back in 5 years and "wonder what happened" and why you didn't take action!
Comments (1)
This seems amazing. I would appreciate knowing the "ins and outs" of this strategy. Please email me at BP
Charles Hill, about 12 years ago