Buying Cheap Houses and Inherited IRA with John Morey & Larry Goins

by Retirement Advisor | Oct 19, 2022 | Inherited IRA

In today’s show Larry talked with John Morey. They met while doing some business together and have known each other for almost 20 years now. Larry was his first hard money lender.

In this episode, they talked about the disadvantages of rehabbing and why Inherited IRA is the absolute best kind.

Topics:
How John started in real estate
The kind of real estate investing he is doing
The problem with rehab
Where he finds most of his properties
Determining what he’s going to rent or owner finance
Encouraging home ownership
His latest deal
What an Inherited IRA is and why it is the absolute best kind of IRA you could hope for
Advice to people who are still starting out in the business
Rehabbing vs wholesaling
On finding deals
Tips to those who haven’t figure things out yet

Quotes:
“Everyday, you’re going to make that decision to keep going and stay in the business.”
“Rehabbing is fun but slow and cash extensive.”
“I go after the money. I don’t go after the shiny objects.”
“Knowledge and action gets results.”…(read more)