Big Money in Banking Real Estate?
Kenner French interviews Bill Fairman about ways to make big money in real estate. They discuss the benefits of being on the banking side of real estate, such as lower risk and less responsibility for property management.
They also explore the concept of self-directed retirement accounts and how they can be used to invest in real estate. Bill emphasizes the importance of generating passive income in retirement and being tax-efficient in investment strategies.
Takeaways
• Real estate is a longer-term process, and being on the banking side is a steady and safe way to make money.
• Lending in real estate allows for lower risk and less responsibility for property management.
• Self-directed retirement accounts can be used to invest in real estate and provide tax benefits.
• Generating passive income in retirement is crucial, and it's important to be tax-efficient in investment strategies.
Sound Bites
• Ways to make big money with Bill Fairman
• When you're the lender, you're only risking somewhere between 50, 60, 70% of the value.
• You can take that same three hundred thousand dollars at eight and a half percent compounded and in twenty years you'll have one point nine
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