Do you want to invest in real estate but have no extra cash? How about investing with the money you have in your retirement accounts?
On this episode of Queer Money, the hosts discuss strategies for increasing retirement income with Christopher Price, managing partner at Boost Capital Group, and Founder/CEO of Red Fox Multifamily. Christopher shares his approach to investing in hands-off, revenue-generating real estate to diversify retirement portfolios. Chris explains the benefits of self-directed IRAs, emphasizing the potential for tax savings and passive income through real estate syndications. They explore various investment strategies, the process of setting up these accounts, and the importance of due diligence in selecting reliable investment opportunities.
Topics Covered:
- 00:09 Guest Introduction: Christopher Price
- 01:00 Exploring Investment Options Beyond Traditional Accounts
- 01:45 Understanding Self-Directed IRAs and Solo 401(k)s
- 05:22 Key Differences Between Self-Directed IRAs and Solo 401(k)s
- 09:57 Passive Real Estate Investing Explained
- 15:24 Real Estate Syndications and Their Benefits
- 23:08 Investment Strategies and Velocity of Money
- 31:10 Understanding 401k Loans and Real Estate Investments
- 32:14 Repaying 401k Loans with Real Estate Income
- 34:19 Rolling Over IRAs into Solo 401ks
- 35:05 Facilitating the Transfer to Solo 401ks
- 38:36 Addressing the Housing Crisis and Real Estate Investments
- 42:32 Improving Multifamily Properties for Better Living
- 45:02 Finding and Vetting Real Estate Syndicates
- 49:23 Key Considerations for Real Estate Investments
- 55:51 Learning More and Connecting with Experts
- 58:07 Conclusion and Final Thoughts
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