Investor Army Podcast
Ep. 7 Self-Directed IRA investing with Top IRA Attorney John Hyre
John Hyre is an incredible individual and one of the smartest and most talented IRA attorneys in the country and if I ever have a problem is who I will personally use to represent me. John can do just about anything you need from entity set up and asset protection all the way to taxes, IRAs, and 401ks for investors. What makes John so valuable to an investor is he is an investor himself and is very successful with the real estate investing he does on his own. He owns a large number of doors including a mobile home park. If you need any type of savings or retirement account or have in trouble with anything legal related with your real estate business John is a great attorney to call. He speaks periodically around the country and you can find out where he will be next by going to his website below. John Hyre – 614 -440 - 0925 http://iralawyer.com/ Show Notes 0:00 - 3:19 John tells us the difference between a Roth or Traditional IRA 3:20 - 4:43 Comparing Solo 401K versus an IRA and why John likes 401K’s better… 4:44 - 6:51 Contribution amounts for IRAs and 401K 6:52 - 13:58 John discusses the power of an inherited Roth IRA and how to grow an IRA and can you wholesale houses inside of the IRA 13:59: 16:56 Rehabbing houses and how to get the funding and do it correctly and safely in your IRA 16:57 - 23:04 Disqualified individuals and doing prohibited transactions and how to say safe 23:05 – 28:05 How to get a loan on a rental inside your IRA and can you do this with a bank? 28:06 – 30:05 John shares where you can come see him speak and meet him or how you can contact him. 30:06 – 32:04 The power of a health savings account 32:05 – 36:01 Does having multiple IRAs create too much attention from the IRS