Creating Wealth Real Estate Investing with Jason Hartman 1143: Housing Bubbles Bursting & Creative Self Directed IRA Solutions with Edwin Kelly
Jason Hartman begins today's show discussing some of the cyclical markets that have seen their housing bubble burst, as well as some non-cyclical markets that could be in danger of the same thing. One of them, Colombus, surprised him.
Then Jason talks with Edwin Kelly, founder & CEO of Specialized IRA Services, about some of the creative ways you can use your self-directed IRA to invest in non-stock market related assets. Edwin provides several case studies that show the power of self directing, as well as his "Triple D" process to help you on your way.
Key Takeaways:
[5:01] Cyclical markets have seen their housing bubbles burst and now it's starting to spread to other cities
[7:16] People buy homes based on payments, not total price.
[11:07] Colombus, OH is on the list of potentially being at risk of a bubble burst
Edwin Kelly Interview:
[15:07] What is a Self Directed IRA and what kind of assets can you use them for?
[17:56] Some unique strategies people are using in their IRAs
[20:28] Borrowing against your solo 401k as a strategy
[25:57] The Triple D process of Self Directed investing
[27:47] The costs of using self directed funds
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