Today I had the pleasure of speaking with the incredible Jennifer Falloon. She is the Sales Manager for taxfreefuture.com, a self-directed IRA company. She has been in the business for over eight years and is involved in 95-million worth of assets.
Let’s jump right into this episode and learn more about the benefits and beauty of a self-directed IRA.
[00:01 - 05:29] Opening Segment
- Let’s bring Jennifer Falloon to the show.
- Jennifer talks about the beauty of self-directed ARI.
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- It allows busy professionals to own real estate without being a landlord.
- Self-directed ARI is not for everybody
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- Wealth-building vehicle
- Wealth building is not for everybody because there are people who are okay with 9-5 jobs.
[05:30 - 10:39] Leverage Smart
- Jennifer talks about how to leverage in a smart way no avoid the recession effects.
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- Not taking advantage of set-free money.
- There are more millionaires made in 2008 than probably any other history because they were smart.
- Why multi-family?
- Being self-directed, you could get that opportunity to invest in such things, and you do not even have to do real estate.
- If you are going to be self-directed, you have to be self-educated and know what it is you are investing in.
- Diversification of self-directed investments.
[10:40 - 16:54]The Beauty of Self-directed ARI
- Jennifer talks about being fully responsible and serious about the investors’ money.
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- If you want to start in multifamily, make sure you partner up with somebody that knows more.
- Have a good tax attorney.
- Tax-Free Future company is the only self-directed ARI company in the entire nation that offers a tax attorney in your A-team as part of its services.
- Before you invest in anything, make sure that everything is structured correctly so that you are not paying taxes or just pay minimal taxes.
- Jennifer talks about the charging mechanism of her Tax-Free Future company.
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- One-time administration fee upfront and $175/year.
- Makesure that you use a bank that is investor-friendly.
[16:55 - 24:00] The importance of Self-Educating yourself
- You have to be self-educated where you are putting your money; otherwise, you are setting yourself for failure.
- Jennifer answers a question about self-directed ARI
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- How to self-direct a 4O3?
- The benefits of Covid-19 situation to self-directed ARI investment.
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- You can now roll over your account without penalty.
- The fear of risk in investment
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- Do you choose to live in fear or put yourself out there?
- Ask questions to build trust and start small.
Tweetable Quotes:
“The beauty of self-directed is, it allows busy professionals to own real estate without being a landlord.”- Jennifer Falloon.
“If you are going to be self-directed, you have to be self-educated and know what it is you are investing in.”- Jennifer Falloon.
“Do you choose to live in fear or put yourself out there?.”- Jennifer Falloon.
To know more or connect with Jennifer, visit her company’s website at taxfreefuture.com or www.vorsainvestments.com.
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