All Forum Posts by: Meghan McCallum

Hey Justin! So, my comment on "again" would be due to the surge of discussion (though really bleak) I saw in 2015 again around the end of the year, for good reason. It's definitely not well known enough. Do you help people find depositors that understand the Solo K? Are there a large number of banks who except Solo K funds?

Property Management? How'd THAT go? 

Enough talk about the market, hot cities to invest in, our of state investing...

Guess what. If you are just looking to get started in real estate investing, or you've been buying starting in 2008...the days of shooting fish in a barrel are DONE. Wholesaling properties will dry up. Only the best flippers are still going to "crush" it. Truth be told, I don't trust one damn thing happening in real estate. 

Except...the power of buying real estate using your SDIRA. The timing is almost ALWAYS right to buy when the intention is to hold and save the cash flow for years and years and allow the tax savings and compounding interest let you retire earlier. So, the timing is perfect for you to...save your cash to invest in highly affordable cash flowing midwest properties (yes, you can still get 2% in tertiary Midwest cities...but you should really have a team there who you trust) as soon as the market relaxes. 

Parts of souther FL are seeing booming numbers of foreclosures almost out of nowhere. Some areas are hitting 25% of their housing stock is again...up for sale. Why? Here's my thought.

Boomers are dying and the kids can't keep the payments up. Investors aren't buying as they see the markets cool. Of the boomers who die, their primary homes are likely being sold and their snow bird places are likely falling into foreclosure as they are not selling. That's what happens when you get 0% down loans on properties that people use for recreation. As the purse strings draw tight...the snowbirding stops.

Millennials are also nagged by crushing school loans. So, they aren't supplementing the market as buyers.

So, when the boom ends but you still need to plan for retirement I would buy cash flowing or long term appreciating assets any day!

If you need a resource to learn more about investing in RE using your SDIRA just PM me SDIRA in the topic and include your email. I'm happy to share my  7 month investigation into the industry with anyone who wants to get started.

Enough talk about the market, hot cities to invest in, our of state investing...

Guess what. If you are just looking to get started in real estate investing, or you've been buying starting in 2008...the days of shooting fish in a barrel are DONE. Wholesaling properties will dry up. Only the best flippers are still going to "crush" it. Truth be told, I don't trust one damn thing happening in real estate. 

Except...the power of buying real estate using your SDIRA. The timing is almost ALWAYS right to buy when the intention is to hold and save the cash flow for years and years and allow the tax savings and compounding interest let you retire earlier. So, the timing is perfect for you to...save your cash to invest in highly affordable cash flowing midwest properties (yes, you can still get 2% in tertiary Midwest cities...but you should really have a team there who you trust) as soon as the market relaxes. 

Parts of souther FL are seeing booming numbers of foreclosures almost out of nowhere. Some areas are hitting 25% of their housing stock is again...up for sale. Why? Here's my thought.

Boomers are dying and the kids can't keep the payments up. Investors aren't buying as they see the markets cool. Of the boomers who die, their primary homes are likely being sold and their snow bird places are likely falling into foreclosure as they are not selling. That's what happens when you get 0% down loans on properties that people use for recreation. As the purse strings draw tight...the snowbirding stops.

Millennials are also nagged by crushing school loans. So, they aren't supplementing the market as buyers.

So, when the boom ends but you still need to plan for retirement I would buy cash flowing or long term appreciating assets any day!

If you need a resource to learn more about investing in RE using your SDIRA just PM me SDIRA in the topic and include your email. I'm happy to share my  7 month investigation into the industry with anyone who wants to get started.

@Yong Park the guy I trust to set up mine and to educate me is Mat Sorensen. He wrote the SDIRA Handbook (both editions). He not only can provide you with industry leading education and guidance (yes, every custodian learns from Mat). But, Mat invests in real estate with his.

Directed IRA is who I'd use.

@Bernard Reisz I am so happy to have more people talking about SDIRAS again. I think it's the best way for people to be buying in this newly flat market.

I have a friend who flips over 600 homes in Vegas each year. HE is doing great and still kicking ***. He is seeing the newbies get creamed already. He is warning for newbies to leave it to the pros at this point. I trust him because he doesn't have or fear any competition out there. He just tells me like it is.

@Bobby Gerry I LOVE IT!!!! You have embraced putting your face out there!!!! Make sure to share this in the conference facebook group!!!

Thanks @Joe Fairless! There I was thinking that when you said that to me you were just being kind! Ha ha ha. I'm guessing you missed my fireside chat with @John Casmon where I told everyone I'd rather they kick my kids than waste my time. Ha ha ha.

Let's be honest here, I've been studying you since I went into investing full-time. You gave me the first opportunity to be on a podcast, your REI books are packed with the most concentrated amount of top notch knowledge that you have been collecting over the years, and you are dialed in on your process.

And who doesn't like the guy who can raise enough money to fund a well in Uganda by donating an hour of his time. Bravo! 

Is everyone else getting over their Summit hangover?!  These events can REALLY tax your mind and nerve because there is sooooooo much info and personal experience in these two short days that I need just as much time to recover. When everyone recovers PLEASE reach out!

@Bobby GerryThat picture is priceless!! It has some of my current favorite people in it and perhaps everyone in that picture will be soon!

@Brie Schmidt and @John Casmon worked their asses, fingers, hearts, and heads to bring this event to an actualized point. If you haven't put one on (so....everyone besides @Joe Fairless, @J. Martin, and @Dave Van Horn) whatever you think it took in time, effort, and capital....you are dead wrong. 10X that idea. These are EXTREMELY valuable to attend and we are all very lucky to have had the opportunity to learn and speak here.

Thanks also to every investor or soon to be potential investor I had the opportunity to speak with. There is never enough time.

Key Take aways:

Diversity in RE investing is happening!!!

Business Partnerships are like a Marriage (Enter at your own risk and prenup)

OUR SPONSORS and SPEAKERS are great people to fill out your POWER TEAM (@Linda Weygant)

and apparently...I make a bad roommate for conferences...as I snore.

Maybe I will see you all @Rod Khleif's MF conference Aug. 24-26 here in Chicago!!