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SEXY STRATEGY: the TAX SHORT SALE - It Can EXPLODE Your Portfolio! | Episode 197
FromSelf Directed Investor Talk: Alternative Asset Investing through Self-Directed IRA's & Solo 401k's
SEXY STRATEGY: the TAX SHORT SALE - It Can EXPLODE Your Portfolio! | Episode 197
FromSelf Directed Investor Talk: Alternative Asset Investing through Self-Directed IRA's & Solo 401k's
ratings:
Length:
8 minutes
Released:
Mar 11, 2016
Format:
Podcast episode
Description
Want the sexiest, most explosive way to blow up a retirement account that you can ever imagine… and it’s hiding in plain sight? Get ready to have your mind blown YET AGAIN, my friends. I’m Bryan Ellis. This is Episode 197.-----Hello, SDI Nation! Welcome to the podcast of record for savvy, self-directed investors like you, where we have one and only one purpose: To help you make great investments that are simple, safe and strong!And BOY-oh-BOY do I have a great strategy for you today!Let’s take a journey into imagination, shall we?Imagine that you’re presented with an array of dozens of locked “treasure” boxes. You can buy any of these treasure boxes you want for $1,000. And when you do so, if you’re able to get the treasure box opened, there’s a multiple of your investment waiting inside… maybe $20,000…. Maybe $75,000… maybe much, much more.Of course, there’s the chance that there’s nothing inside at all. And there’s the chance that you never figure out how to get the treasure box unlocked to begin with… and thus, your $1,000 is wasted.Sounds like a gamble, doesn’t it?But what if the predictability is MUCH higher? What if a certain portion of those treasure boxes have a particular marking on the outside, which means that there’s treasure to extracted from within?And what if, before ever ponying up your $1,000, you were able to closely inspect the lock itself, to determine with a high degree of accuracy whether you can break the lock and pull out the treasure?Well, my friends, that’s exactly what I’m going to teach you to do today, and for those of you who are looking for a way to increase – potentially dramatically increase – the size of your portfolio, this is a special strategy… and it works particularly well for those of you using a self-directed IRA or 401k.Here’s how it works:There are hundreds of thousands of houses out there that have real value – they’re treasure boxes – but unfortunately, that treasure is bound up because of tax debt. The owner of the house has some tax problems, there’s an IRS or state tax lien against them, and because of that, all of the equity in their treasure is totally ZAPPED. It’s worth absolutely nothing.And that’s why it’s possible to buy these houses for virtually no money at all… because they are, from a wholly objective perspective, worthless.But why would you buy a worthless house, even if only for a small amount of money?It’s because you know two things:What the house would be worth without those liens against it, andHow to pick the lock – how to have those tax liens reduced far enough that there’s a big profit waiting in it for you!Here’s an example that’ll really get your juices flowing:Tim, a member of the SDI Team, recently found a property that’s worth a bit over $400k. Unfortunately, there was about $900,000 of debt against that property, nearly all of which was tax debt.This house was to Tim one of those treasure boxes I mentioned to you. Because he was able to acquire title to that property for virtually no money at all.But why would he do that? Sure, it’s a $400,000 property… but it’s got absolutely no value. And isn’t it just a crapshoot to invest in a property on the assumption that you’re going to be able to get the owner’s tax debt reduced?Well sure… it would be a crapshoot if that’s all the information Tim had. But it wasn’t. Tim was able to determine, in advance of putting a single dime into the property, that the entire situation – the owner, their financial situation, the property location and property value, all of the pertinent details – Tim was able to determine in advance that all of those things lined up such that there would be an overwhelmingly strong probability that he’d be able to work with the IRS and state taxing authorities to either reduce the debt or just remove it from the property, such that Tim would be left with a substantial amount of equity and a strong profit potential.So Tim’s “treasure box” gave clear signs on the outside that th
Released:
Mar 11, 2016
Format:
Podcast episode
Titles in the series (100)
SDI 006: a TOTALLY OVERLOOKED Real Estate Market with HUGE Potential: Huge Opportunities sometimes come in unexpected places! by Self Directed Investor Talk: Alternative Asset Investing through Self-Directed IRA's & Solo 401k's