Ep 52: Mistakes Investors Make When Investing in Real Estate in their Self-Directed IRAs - with Damion Lupo
In episode #52, we had the opportunity to sit down with Damion Lupo. Damion is a seasoned real estate investor, entrepreneur and best selling author. Damion has a passion for helping and educate others to take control of their retirement through the power of "qualified retirement plans".
In this episode we cover the mistakes investors make when investing in real estate using their self-directed IRAs and how they can take control of their retirement through the use of qualified retirement plans. If you have never heard of qualified retirement plans before, or do not know the benefits of one, this is an episode you need to listen to.
💥💥 Remember, this is your MBA. Have a notepad handy and get ready to take some notes!
Below are few topics that we covered during the interview:
✅ What are the mistakes that investors make when using their SDIRAs for Real Estate Investing?
✅ Overview of a Qualified Retirement Plan
✅ Compliance, rule, administering these plans, etc.
✅ "Control" and "Command" - the importance of knowing what these mean
✅ Contribution limits, prohibited transactions, how to structure these and more.....
Damion's Bio:
Damion is a professional real estate investor, serial entrepreneur and best selling author of 11 books. He is a 4-time college dropout, who actually was thrown out of one of the schools for opening a bookstore in his dorm room.
Damion became a multimillionaire by age 25 and then lost his $20 million empire by the age of 30. Damion rebuilt and reinvented himself and lives for a mission of freeing a million people from financial bondage.
He bought his 1st rental house with a VISA card, which snowballed into owning 150 rental houses in 7 states in less than 5 years.
Damion founded Total Control Financial in 2010 to help people achieve financial freedom. His company focuses on qualified retirement plans which are more flexible than IRAs or 401ks.
You can reach out to connect and speak with Damion by:
✅ Website: eQPR.co
👉 Grab a copy of The QRP book and reach out to Damion and his team to learn more
Please subscribe to the Real Estate Investor MBA Podcast on the following platforms:
👉 iTunes
👉 Spotify
👉 Stitcher
👉 iHeart Radio
👉 TuneIN
👉 Google Podcast
If you like what we are doing and see that we are providing a lot of value, please be sure to leave us a 5-star review and positive comment. In doing so, this helps us continue to attract the highest quality type guests to interview and for you to listen to.
Check us out at our new website to connect with us and sign up to apply for our Investor Club or stay in the loop in what we are working on.
Also check us out and subscribe to our YouTube Channel at RE Investor MBA.
Follow us on Social Media:
✔️ Facebook
✔️ LinkedIn
✔️ Instagram
✔️ Twitter