PLP-076 Reaping More From Your Self-Directed IRA with Nate Hare
Nate Hare from the Quest Trust Company shares his knowledge about self-directed IRA. Quest Trust Company is a premier self-directed IRA company that enables clients to use IRAs/401k(s) to purchase real estate, notes, private entities, and other non-traditional investments. Nate talks about what their company does, how they started out, and the aspects that make them special among many other similar companies. He also gets down on their Quest Expo and gives us a brief walk through what investors can reap from simply attending it. Learn more about self-directed IRAs and how you can invest it in this episode. Get educated to empower yourself to make good investments happen.
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Reaping More From Your Self-Directed IRA with Nate Hare
Nate Hare describes the Two Most Powerful Accounts to Grow Your Wealth
My goal is to create private lenders and to show them how to help keep their money safe while building wealth with old world pragmatism and without banks or Wall Street. If you're looking for a way to learn how to build wealth by utilizing time-tested methods in this ever-changing world and digital world, then you are in the right place. This episode is yet another first on the show as I have the honor of interviewing Nate Hare from the Quest Trust Company, formerly Quest IRA. He is the first repeat victim on this show.
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We have the first ever two-time guest or repeat guest on the show. Please help me welcome Mr. Nate Hare from Quest Trust Company. Nate, welcome.
Thank you very much.
Nate, welcome back to the show. Thank you so much for coming on and we're going to get into some cool topics related to private lending and not only self-directed IRAs but other accounts that are just as if not more powerful than a self-directed IRA. A real quick refresher, if you want to go back and listen to Nate, it’s episode seven. With that, I'd like to turn it over to you and tell us all about the wonderful world of self-directed IRAs and other accounts.
Self-directed IRA is the business that we're in. It's funny how I ended up in this business. I never had any idea of self-directed IRAs and I never had a plan to get into the business because I was a lender like you. I worked for big banks and small banks. I was always interested in lending, numbers and real estate and then I found this great company, Quest Trust Company. It taught me about doing those same type of investments, lending, buying real estate and all the things that we'd like to talk about but do it completely tax-free within retirement accounts. That's what we call a self-directed IRA. Self-direct is a marketing term. Most people don't realize it has no legal meaning behind it. We allow people at Quest Trust Company to use their IRAs or old 401(k)s or other retirement accounts to buy notes, buy real estate or buy non-traditional assets within the retirement account and reap all the tax-free benefits that the IRAs have given.
Thank you for doing that. Without Quest Trust, this show wouldn't be here. You were the ones that got me started down this road many years ago and Quincy was holding small classes on Tuesday nights.
What a lot of people don't realize is that Quest Trust Company is a company with 100 employees and managed $2 billion in assets, but the grassroots start of the company was through a private lending meetup that Quincy started way back in the day. He had a self-directed IRA and he was looking for new investment opportunities and he liked being a lender, but he found out when you're a private lender, you've got to go out there and network and find some off-market deals. The best way to do that is he formed his own little local meetup group. All of these people have retirement accounts and they basically met once a month. They found out if they had some investments that they wanted to share...