Cashflow Diary | Influenced By Robert Kiyosaki Of Rich Dad About Real Estate Investing, Cash Flow And Passive Income.

Did you know you can use some types of IRA accounts for investing purposes? Like a self-directed IRA, where you get to make your own decisions about how the money in your account is used. That means your IRA gets to invest in Real Estate transactions and in businesses. But before you rush to your IRA manager, take a breath and educate yourself a little. As with any IRA there are rules and prohibited transactions. That’s what this incredibly informative Cash Flow Diary podcast episode covers. Taken from a live webinar featuring J. Massey and Udirect’s very own Kaaren Hall that we recorded at the end of 2014, this episode promises to give you much of what you need to know about the power of using a self-directed IRA. Take notes as Kaaren talks about “sweat equity” and how the IRS says you cannot “over-contribute sweat equity” in a property in which the IRA invests. That means you cannot be the one to swing a hammer in the rehab process. You can’t get your hands dirty doing any of the improvements. Kaaren also e