Directed IRA Podcast Understanding Private Equity: How to Leverage Your IRA or 401k w/ David Feingold
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Nov 21, 2024 David Feingold, CEO of Broad Street Private Equity, shares his extensive 34 years of experience in managing private businesses and alternative investments. He explains the allure of private equity for self-directed IRA investors and dives into the complexities of infrastructure development. The discussion highlights strategic partnerships and financial prudence needed for success. Feingold also touches on the profitability of cryptocurrency mining and the importance of personalized service in forging client relationships, offering valuable insights for informed investment decisions.
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David Feingold's Career Path
- David Feingold began his private equity career as a lawyer, observing private equity firms' operations.
- He later founded Broad Street, now a major infrastructure development firm in the Southeast US.
Private Equity Investment Structure
- Broad Street's infrastructure development involves fixed contracts with home builders, ensuring consistent cash flow.
- Investors receive a preferred return from this cash flow, while Broad Street manages the projects.
Broad Street's Competitive Advantage
- Broad Street's success stems from minimizing land risk by pre-selling developments and vertical integration.
- This allows them to handle large projects and maintain long-term contracts with major home builders.