Sep 30, 2021
IRA Crisis in Congress!
Today's guest, Jeffery S. Watson, is an Ohio attorney who has had an active trial and hearing practice since 1991. Jeff has also been a real estate investor since 1994, investing in both residential and commercial properties. He currently represents established real estate investors in commercial and residential matters when the transactions involve self-directed retirement accounts. He has become recognized as a thought leader and teacher in the field of real estate investing, self-directed retirement account transactions, and wealth protection.
0:01 - Today’s guest: Jeff Watson - https://www.watsoninvested.com/
1:58 - Who is Jeff Watson?
3:28 - RA Crisis - Budget Reconciliation Act cripples the use of Self- Directed IRA's in Real Estate
4:08 - Four big things in the Budget Reconciliation Act that can blow up the real estate industry and your investments in it
4:49 - The hidden Bomb in Section 138312
5:49 - Why Section 138314 is disastrous
6:32 - The story of Paypal
7:43 - How to Take Action to Stop the Budget Reconciliation Act - https://www.handsoffmyira.com/ 12:18 - When will this bill come to effect?
12:58 - Contact your Congressman to stop the Budget Reconciliation Act - https://www.votervoice.net/NREIA/camp...
15:16 - The crucial timeline to stop the Budget Reconciliation Act
21:15 - The Budget Reconciliation Act will hurt the entire economy it doesn’t matter if you have IRA or not.
22:57 - It’s not about the money, it’s about control
26:08 - Wendy’s message: Move forward & Take action
26:45 - The ripple effect in the real estate industry loan.
28:29 - Make a Difference Today! - https://www.handsoffmyira.com/
30:24 - https://www.CarolinaHardMoney.com
Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground-up Construction Loans" for investors only in NC, SC, GA, VA, and TN (some areas of FL, as well).
As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management.
Listen to our Podcast: https://thealternativeinvestor.libsyn.com/
Visit our website: https://carolinahardmoney.com/
YouTube Channel: https://www.youtube.com/channel/UCYzCFOvEt2n9TchgECLwpww.