128 - QRPs, Solo401k the Self Directed IRA Killer with Damion Lupo

YouTube Link: https://youtu.be/vjMF0jYqpHg? sub_confirmation 1Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________SimplePassiveCashflow.com/qrpI have been having a lot of calls with listeners having exhausted their liquidity and have money in their 401K or IRA's still in Wall Street Investments.One of those ways to get the money out is via a QRP or Solo401K.Today's guest Damion Lupo with discussing - SimplePassiveCashflow.com/qrp to get a free copy of his bookI cashed out my 401k because I figured I was going to pay the taxes anyway and my tax load would be a lot higher in the future and I wanted access to my money before retirement age.Visit CrowdfundAloha.com - a website dedicated to helping hard-working middle-class people build real estate portfolios.$26 trillion in retirement plans. You have all sorts of money that can be tapped into, but fear holds you back.As an investor, Damion has purchased 150 houses in 7 states ($20 million portfolios).2008: went from $20 million to -$5 million. Had to start all over. Beyond money, find out your why. Read Simon Sinek "Find Your Why."Mission Statement: Free 1 million people from financial bondage.I.R.S takes 70% of the average person's money. The QRP (Qualified Retirement Plan): "The Ferrari of 401(k)'s."You probably haven't heard of QRP as Wall Street tends to control your stuff.QRP allows you invest in many real estate options (syndications, lands, rentals, apartments, commercial, international deals, HML, etc.).Total control, fixed fees, endless choices, and FAST with QRP v. Self-Directed IRA. 10X contributions and control with no custodian.SDIRA will lose 1/3 of profit as UDFI triggered. QRP - Roth has no UDFI - keep 100% profit. Can keep 401(k) at W-2 and sign up for QRP. Max contribution would be $55,000 in combined plans - $28,000 in the QRP.QRP can hold other non-real estate investments, such as gold, silver, Cryptocurrency, etc.Build-in credit line in a QRP. Up to $50K in cash. Investors, self-employed, and family members are all qualified.Properties you have or use right now cannot be placed moved in a QRP.To fund, can rollover any IRA, 401(k), +TSP, 403b, 457.66% people are worried about not having enough money for retirement.Free copy of QRP book at www.simplepassivecashflow.com/QRP Hosted on Acast. See acast.com/privacy for more information.