In this episode, Larry interviewed Casey Mericle from Springfield, Missouri. Casey is an investor, entrepreneur, and business owner. He spends a lot of his time and energy partnering with other people doing hard money loans, options, self-directed retirement accounts, and many more.

Casey shared some of his unique strategies and discussed some of the things he does. He also talked about hard money lending and IRAs.

Topics:
Things Casey does
How paying attention can help lock up a deal
His background
His hard money lending business
Venturing outside
Self-directed retirement accounts
Getting into inherited self-directed Roth IRA
Why inherited IRA is important
Non-stretch account versus stretch IRA (Inherited IRA)
Why invest in a self-directed IRA
Terms of his hard money lending
Finding investors
Yields his investors typically make
Triple secure hard money lending
What 10/31 exchange is
How an option works
Ways to grow a small retirement account

Quotes:
“Variety is the spice of life.”
“Pick the things you like the best.”
“You don’t need to have a lot of money in your Self-directed retirement account to grow them exponentially.”…(read more)

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Hard Money Lending and IRAs: A Perfect Partnership with Casey Mericle & Larry Goins

When it comes to investing, there are countless options available to individuals. Some prefer the traditional route of stocks and bonds, while others explore the exciting world of real estate. However, what if you could combine the two? This is where hard money lending and IRAs come into play, and Casey Mericle and Larry Goins are two experts in this field, making the perfect duo for those seeking to explore this investment strategy.

First, let’s understand what hard money lending is. It is a type of real estate financing where a borrower receives funds secured by the value of a property. These loans are typically short-term and carry higher interest rates compared to traditional mortgages. Hard money lenders, such as Casey Mericle and Larry Goins, are alternative lenders who work with borrowers who may not qualify for conventional bank loans due to factors like credit score, employment history, or the nature of the property.

On the other hand, an Individual retirement account (IRA) is a tax-advantaged investment account intended for retirement savings. Traditional IRAs are funded with pre-tax dollars, while Roth IRAs are funded with after-tax dollars. Contributions to IRAs provide varying levels of tax benefits depending on the type of IRA chosen and the individual’s income.

So, how do these two seemingly different concepts come together? Casey Mericle and Larry Goins have found a way to connect the dots. By utilizing self-directed IRAs, individuals can use their retirement funds to invest in hard money lending opportunities. This introduces diversification and the potential for higher returns within an individual’s IRA.

Casey Mericle, a highly successful hard money lender, brings his expertise to the table when working with clients interested in this investment strategy. With years of experience, Mericle understands the ins and outs of hard money lending, helping investors make sound decisions that align with their financial goals.

Larry Goins, a seasoned real estate investor and educator, is known for his innovative strategies in the real estate market. His vast knowledge and experience provide investors with a comprehensive understanding of integrating hard money lending with IRAs. Goins has been instrumental in educating and empowering investors to harness the potential of this unconventional investment approach.

Together, Mericle and Goins have helped countless individuals tap into the lucrative world of hard money lending through their IRAs. By partnering these two investment strategies, investors can enjoy the benefits of steady cash flow, secured by real estate assets, while simultaneously growing their retirement funds.

It is essential to note the technicalities of utilizing a self-directed IRA for hard money lending. Investors must establish a self-directed IRA account with a qualified custodian that offers the option to invest in alternative assets. The custodian will handle the administrative tasks and ensure compliance with IRS regulations.

Investors must also conduct thorough due diligence on potential hard money lending opportunities, ensuring that the loans are backed by viable properties and that the borrowers are creditworthy. Although hard money lending carries its own risks, the use of self-directed IRAs offers the opportunity to minimize the potential impact on an individual’s overall retirement portfolio.

As the collaboration between hard money lending and IRAs gains popularity, both Casey Mericle and Larry Goins continue to share their knowledge and expertise through workshops, webinars, and educational resources. Their goal is to empower investors to take control of their retirement savings by exploring alternative investment strategies.

Hard money lending and IRAs may seem like an unconventional partnership, but it offers a unique opportunity for investors to diversify their retirement portfolios and potentially boost their returns. With Casey Mericle and Larry Goins guiding the way, investors can confidently navigate this investment strategy, making the most of their hard-earned dollars for a secure financial future.