Ep #211 - How to Buy Real Estate in Your IRA With Alex Perny

Grow Money Business with Grant Bledsoe

This week’s guest on Grow Money Business is Alex Perny. Alex is a business development specialist at Advanta IRA, a leader in self-directed account administration. He is also the host of Advanta IRA’s podcast, The Alternative Investment Advantage. For more than ten years, he has provided assistance to a large number of clients in their investment endeavors, specifically in the areas of precious metals, real estate syndications, private stock offerings, promissory notes, and various other alternative assets. Having extensive expertise in the domain of self-directed investing, he has delivered presentations to thousands of investors nationwide, elucidating the utilization of retirement plans for investment purposes beyond the realm of the stock market. Join us as we dive into Alex’s career journey, Advanta IRA, alternative investments, prohibited transactions, and more.

[06.01] Alex’s story – Alex starts the conversation by walking us through his career journey and his role at Advanta IRA as a business development specialist.

[12.10] Advanta IRA – Alex explains the history of an IRA & 401(k) and what Advanta IRA does.

[18.12] Alternative investment – Alex discusses the process of starting an alternative investment in Advanta IRA.

[29.45] Financing IRA properties – Alex shares some recommendations for financing IRA properties.

[35.00] Prohibited transactions – Alex and Grant discuss things that you are not allowed to buy and the transactions that are prohibited when it comes to an IRA.

[46.08] Penalties – Alex shares the penalties for violating prohibited transaction rules.

Resources

How a Self-Directed 401(k) or IRA Works

investopedia.com/retirement/doing-it-yourself-selfdirected-401k-and-ira/

THE POWER OF A SELF-DIRECTED IRA

advantaira.com/

Connect with Alex

LinkedIn - linkedin.com/in/alex-perny-cisp-628b8a104/