PLP-085 Creative Investing And Why Reputation Is Everything

Published: Sept. 2, 2019, 3 a.m.



Quest Trust Expo is one of the biggest gathering of self-directed IRA investors in the country where they learn what is needed in an ever-changing economy. Keith Baker shares his thoughts and takeaways from the Quest Self-Directed Expo - the biggest of which are creative investing and why reputation is everything. He also talks about some tales of woe he heard from fellow investors and meeting some people who are looking to deploy their capital or looking to fund and find deals.
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Creative Investing And Why Reputation Is Everything
Thoughts And Ideas Taken From The Quest EXPO 2019
I don't know about you but I, for one, am getting ready for the next downturn. I'm not doing anything drastic, but mentally getting prepared and going to start collecting the acorns and the cash. Because when there's blood in the streets and the banks tighten up, it will be a private lenders’ paradise. It will be private lenders who provide the capital to keep the real estate market turning ahead. That's why I want to build this tribe of lenders. I want to thank you for being a part of that tribe and for reading. Let's go ahead and get down into the brass tacks on this episode. I wanted to give you my thoughts on the Quest Trust Company Self-Directed IRA Expo.
Quest Trust Company Self-Directed IRA Expo
The gang over at Quest stepped up and outdid themselves again this 2019. I'd like to thank everyone over there at Quest from Quincy, Nathan, Nate, Juan, Rebecca, Haley, Keaton. Most of all I want to send a big thank you to Anne Marie for having me speak on the Private Money Panel and for letting me be a part of such a truly great and wonderful event. Thank you. I'm already looking forward to the 2020’s Expo and that's why I wanted to break my programming schedule and go ahead and talk about it. It was still on my mind and I'm still a little giddy about conferences and the expos. I'm giddy about it in what I learned, who I met and a lot of cool stuff.

Let me go ahead and dive right into that and I've met a lot of very interesting people. I call it brand newbies all the way to who barely have any capital or starting off and they're investing in real estate investing career. I met a few newly-made millionaires looking for options, where to park some money and very interesting people from all over the country. They're hard money lenders, lawyers and IRA specialists. Everyone at Quest is pretty much a specialist and they specialize in a certain area so that your questions can get answered very quickly. There were also gurus and coaches, typical seminar expo stuff, but there are a ton of people like you and me.

It was about a thousand attendees. I'm not sure how many vendors, sponsors and speakers, but it was another great expo. I spent as much time as I could watching it at the table and at the booth. Probably much to my detriment or the podcast’s detriment, but it was that how good it was. It was as long as the three-day weekend, but it was cool. There were a ton of people like you and me and those of us who are looking for more from our investments and retirement accounts. You've got to see that you could extrapolate that to life in general for we are the seekers and hopefully one day we'll be the knowers.


Tales Of Woe
I did feel like there were a lot of kindred spirits there with many of the attendees and the vendors. This is why we drag our hungover sales down to the ballroom to listen, to learn, to meet, and to increase our network and therefore our net worth with these types of events. There is no disappointment there. I unfortunately did hear several tales of woe from people who knew enough but didn't know what they were doing. They made some mistakes that I rail against and preach against because I've made those same mistakes too. Hopefully,