Yeah. Exactly. Exactly. It's the, uh, the cost of cost of doing business. I'm like, if you got a asset, if you own an asset, what? Shit, make that thing work. Exactly. That thing work, yo. Exactly. You know what, man? I just love this new economy because the definition of an asset is changing overnight. Yeah. You know? No doubt about it. Definition. I'm like, uh, I don't think new entrepreneurs, like you're like, I consider you an old dinosaur. I don't have new entrepreneurs. I don't think they have a clue how good they got it, Chris. Yep. Good to get it, dude. I'm like, just the, just the way you receive information, right? Y'all have no clue. The stuff we had to go through. Chris, you know what? I was calling you all day. I wanted to talk to you about some stuff, man, but we'll talk about that on camera. I've been wanting to, I mean, I called you like three times. Round up. Chris, you want to tell them what you had to do today? You want to, is that personal? I don't want to get pushed too far. It's not, it's not too personal, but my uncle and your uncle sent me a letter yesterday.  And for those of you that have not been in business for yourself, our uncle is Uncle Sam. So I had a, I got a nice little love letter from Uncle Sam yesterday. Yeah. So yesterday was the 27th of January. They mailed this letter to me on the 28th of December. So it took a mere month to get to me. And the letter requested, but it's nothing major. It's, it's not even an audit. It's a proposal. It's how they presented it. It's a proposal based on two years ago, tax return. There were some numbers that don't add up and they needed my response in writing back to them by yesterday. So as you can understand, that's nearly impossible for me to receive the letter and have it returned to them on the same day that it was due. So I spent two hours and 12 minutes on hold this afternoon waiting on an operator at the good old internal revenue service. And I finally got a hold of somebody and I got 30 days to respond. So, you know, wish me luck. I don't, I don't see it being anything major, but, you know, I talked to this guy. He was a real person. I mean, I appreciated that he just talked to me.   He's just sitting there pushing paperwork around. So long story short is I have 30 days to respond and, you know, we should be fine. You know, it's weird. I would love the IRS. I'm just like, I've been, I've been paying my taxes. I've been doing the numbers. I'm like, you sleep better at night when you just pay Caesar, you know, exactly. Exactly. Yeah. But I mean, the thing is, is questions arise when you, when you learn how to allocate your funds, you know, a little flag will always go off in the system to say, Hey, let's, let's check this guy and let's make sure he's doing what he says he's doing. I'm not worried about that. That's crazy. So roundup greetings, class. Greetings. This is I am Chris Haskins. My mission and ministry is to raise your financial literacy through real estate investing and entrepreneurship. I hope this new camera is looking pretty nice on the on the airwaves. So today I was talking to Chris. Well, maybe it was yesterday. I'm like, man, what value can I bring into the roundup family as we close out January? Can you believe that January is gone already, buddy? I know, man. I felt the same way when I looked and said, wow, that's gone. Man, it's something. Wow. So roundup. Let me do this real quick. Registration for the finally it's here. The foreclosure summit is here. I'm excited about bringing that to you guys. So we'll be talking about more about that as we as we get into our training today. Hold up. Roundup. Come on in. We're going to be talking about tonight's three ways Chris and I finance real estate without going to the bank.  So yes, today I'm officially opening up the foreclosure summit. Roundup February 3rd. I'm going to show you it's going to be a step by step training. You're going to have all day with me all day. Isn't that cool hanging out with your boy? I'm excited to be able to hang out with you. So roundup. What we're going to do is, can you hear me, Chris? Yep. Okay. I'm trying to figure this thing out. I got my boy, Bill Bruncher. He's a real estate attorney out in Denver. We're going to show you how to locate, do the research, how to bid, how to win, and then how do you go to closing on these foreclosure auctions. You got to learn this stuff. If you plan on bidding in the upcoming, in my opinion, soon, I've been doing this since 2004. So the market can only go one way. It's up 11% in a year. So that means, prayerfully, it will sustain for a little bit longer, but eventually the market has to come down. So get prepared. I know I'm going to be prepared, obviously hanging out with Birch buying foreclosures. So the link for that is in the video description. If you want to learn more about that, we'll be putting all that together over the coming days and the early bird registration open up now. It will end on next Sunday. So thank you guys for supporting us. Let's get some foreclosures together. Chris Birch, why would we care about buying houses without the bank? I love your story about being bankable, because I too share it. Yeah, it's just that you can only speak from experience on it. It's dealing, knowing what you have to deal with with the traditional lending institutions, the banks, the criteria, the documents, the tax returns, the profit and loss statements, all this stuff.  When people say, oh, they financed my house for 30 years. Well, you did come with like three and a half to 5% down. It's not like they gave you the whole 30 year mortgage. But yeah, honestly, it's just a pain in the butt to deal with them. Yes, challenging.  Maybe when I was starting out back in, I'm just like, let's just talk about 03 or 04. I'm just like, how am I going to be able to buy these houses? Even if for investment property back then, you had to have 80%. And that really hasn't changed a lot for investment purposes. You know, it's hard to build a real estate empire on owner occupant houses. We're talking about buying and selling as many houses unlimited. There's two ways to do this business. They're conventional and the unconventional. And you get to choose which one. You get to choose, right? So today, we're talking about unconventional stuff. Hopefully, prayerfully, three things we're going to talk about. One, first was business credit lines. I don't want to stay there, but so long. I know Chris has a little bit more information on that with fun to grow. I'm going to put that link in the video description if you want to get qualified for some business credit lines. Second one is going to be IRAs. That's kind of where I live. Third is going to be 401ks. Is that okay, Chris? That sounds like a plan to me. Yeah, man. I love talking to you because there's no theory here. There's no, I read about it or I saw it done. Nope. I mean, none of that. I just don't have time for that. And it's crazy because I still get both of us still get people that and I'm not saying that's you watching now. Some people really don't believe. Let's talk about doubt, Chris, because I used to live in a world of doubt. I didn't even think that you hear about this by house without credit, without using your own money. Go there. Did you have any doubt about it? Well, yeah, of course, there's always doubt on something that you don't know about. I remember early on, these seminars, these come to this hotel ballroom and we're going to teach you how to find, locate, and purchase properties and you don't have to use your own money. And really, a lot of them, there were some good ones. I won't name, call on any of them. There were some good ones. Majority of them were trying to upsell you on their package. So you went to this free seminar and this guru stood up on stage and then you realize it wasn't even the guru. It was someone from his team that got up on stage. So there was a lot of that going around. So that raised a fair amount of doubt with me. And then not understanding it. I mean, if we're not raised with the financial literacy to understand conventional versus where we live now, it's not taught. It really is not taught. I mean, my own bank, we were talking about the big banks a minute ago, my own bank didn't understand how I was able to purchase an investment property and never put it in my name. They just, they don't do it. They don't live in that world. It's a cool world, isn't it? Yes, sir. I'm glad you're living it now, brother. Yeah, man. I mean, it was through trials and tribulations like anything. You know, you hear about it, but then when you do it, you put pen to paper, you're like, wow, you can do that. You can really do it. Round up, you can do this business. Repeat after me. I can do this business the right way, the right way.  So Chris, I don't want to stay here for so long because the meat of the stuff is going to be about IRAs and 401ks because in my opinion, that's where you really just skyrocket. That's where you just, I'm just like, it's unlimited. So the business credit lines, I know you deal with some of that stuff. You want to just stay there for a minute, round up, and if you want to look into more information on that, listen to the video description below. Yeah, cost you nothing to apply. They'll give you all the criteria as far as what you will need to get the maximum line of credit that they can get for you. I've had great experience. I've had a lot of comments on the last, you know, couple months. A lot of people asking questions. I know Chris always promotes it. We're here now. Put the questions in the chat. I mean, we don't mind talking about this stuff. That's why we're sharing the information. And then for the naysayers out there, I think the only way someone could be a naysayer about not just fund and grow, but a naysayer about how we don't operate like the rest of the world is the only naysayer, someone who's never done it before. Because once you do it and you realize how to do it, proof is in the pudding.  So, round up these business credit lines. I'm just going to show here. If you want to qualify, go through the fund and grow. They loan you money. They pull a credit. They pull your credit, but it's not based on your personal credit. I mean, it doesn't report to your personal credit, y'all. So, why not at least take a look at it? Take a look at it. So, Chris got over 100,000. We're already at 2.69 million, million right now with the Roundup family. I've seen it done. I've seen people qualify for this all around the country. And this is something that, even if you don't qualify as much as Chris did, here's the thing. You can use that for a down payment, y'all. You can use it for a down payment or for the construction. Doesn't necessarily have to be for all that. So, fund and grow is giving us a discount because we do so much. We do millions of dollars with these dollars with these people. So, why not give it a try to see how much you qualify for in the link in the video description. Chris, you want to say anything about that before we leave it or no? I mean, you can use it. Go ahead. You can use it for anything that your business does. So, if you have an existing business and you get approved for funding, that doesn't mean you have to use it within your entity that you qualified under. I could use it and draw from it and invest in one of Chris's properties in one of his rehabs or, you know, I could start a new entity within my business with those funds. So, there's really, there's no, there's no, you know, discretionary, there's no one sitting there watching how are you spending this money? It was already approved when they gave you the funding. So, it's at your discretion on how you use it. So, the first one, business credit lines, okay? They give you these cards. You can pull the money off of it. You can buy real estate. You can finance construction. You can put earnest money down. You can hire contractors. I mean, as long as they take credit or you can work with another company, Plastic, that pulls the money off, round up. Don't let, not have, here's the thing. How many times have you heard, Chris? If I had 25 cents, if I only had the money, I would do this if I only had the money. Yep. Yep. All the time. Give it a shot, y'all. Give it a shot.  Okay. So, I don't want to stay there too long because business credit lines are one thing. They do pull your personal credit, but it doesn't report. All right? So, if you need 10, 20,000 for a down payment, there's the fee. We've negotiated a discount for you. Chris, who are those business credit lines for? So, I know some people would like them. They may not qualify. Tell me about the mentality of people that can use those in your opinion. In my opinion, the ideal candidate for business lines of credit is someone who already understands how to manage their business, how to manage their money. And I'll say that it actually makes perfect sense because if you haven't been able to properly manage it, you probably don't have that good credit that you probably won't qualify for these business lines. So, it's proven to me the business that I qualified under has been in business since 2005. My credit is decent. And it's an easy, simple system. It costs nothing to apply. You'll go through the criteria. They'll let you know what you qualified for. And I don't know why you wouldn't, but you don't have to take all of them. You can choose what you want. If you only need a 20 and you get approved for 30, it can't hurt to take 30, but if you just want the 20, take the 20. Okay. So, business credit lines, that link, get rolling. If you need financing now or today, that's going to be the fastest way because these other stuff, the 401k and IRA, take a little time. It's going to take some training. So, I didn't want to stay here. I didn't want to stay on the business lines because that's just a apply. Boom. These dudes have got a system. People, I've seen people qualify in two weeks, get 50,000. So, all right. Chris, how long did it take you? From my application to approval was about three weeks. See? Yeah, three weeks. Nothing. All right. Okay. So, this is the good part. And get your questions in the chat, round up. Don't forget, as we are here, I'm opening up the summit, the foreclosure summit. Let me make sure I got to keep nothing you guys know. February 3rd, y'all. February 3rd. The foreclosure summit is here. The link to get registered up and for the early bird registration is in the video description. We're going to be going over all how to find, locate, bid, win, and close your next house at the foreclosure auction. It will be featuring my boy, real estate attorney, Bill Brunchik, too. We're going to have a good time all day with me, y'all. Get to hang out with me all day. Five hours. Well, we might just go until, right? What else are we doing? Sitting in the house, right? What else are we doing? Shit. So, Chris. Yes, sir. I'm going to stay with you. Yeah. Which way you want to do first? Do, do, do, do, do, do. Either one. Yeah. Either one. Let's go top or bottom. Do IRA. The reason I put IRA first, because that's what I know, you know? So, yep. Okay, roundup. You all ready? Let's do this. IRAs. Individual retirement accounts.  I ain't worried about going to talk to nobody about no IRA for, okay, I'll wait until I get into the business five, six years, then I'll figure out some of that finance and stuff. Wrong attitude. Oh, Lord, it's the wrong attitude for me. I should have been trying to figure out that stuff now, and then implement it over time.  Then you got all these houses coming in for me. I got, I remember one time I had five under contract, no money. So, real estate is all about two wheels to constantly crank. Let me see if y'all can do this. Can y'all do one forward and one backwards? Can you do that, Chris? It took me years to do that. I don't want to try. Most people do like this. Right, they get all, yeah. I can do one forward and one backward. A man taught me how to do that a long time ago. Real estate is two wheels, y'all. Money, financing. Money, financing. You have to do them simultaneously. Simultaneously, if you want to be successful, have a longevity real estate career, y'all, because money goes hand in hand. So, with these IRAs, you are going to look into something called a self-directed Roth IRA. A self-directed Roth IRA. All right, individual retirement account. It allows us, when it says self-directed, it is exactly what it is.  Mr. Custodian. Custodian? Yeah. Every time I talk to them fools, man, I just feel like they just got, they know exactly where they want to put my money, Chris. You have more experience dealing with these big houses than me. As far as the paper assets, them plugging in place and doing to that stuff, tell us about your experience with them, Chris. Go ahead. You were doing traditional stuff before you got into, well, I guess everybody does traditional before they get into the unconventional stuff. Yeah. As far as the IRA is what you're referencing. Yeah. Let's deal with that. Go ahead. Yeah. Initially, I was brought to the IRA spectrum from a traditional Roth IRA. From that, I learned. Tell me about your experience with your traditional before we even get here, because no doubt a lot of our viewers are in the traditional world, right? Yeah. My traditional, at the time, it's going up a little bit now, at the time, you could only contribute $5,500 per year. It's now going up to $6,000. I believe it was in the 2018, 2019 tax law, but that's your maximum annual contribution. It's now $6,000. Okay. At the time, I asked my CPA, is there anything else that I can do? Now, keep in mind, the reason I'm asking these questions is because I have a earned income problem, right? Tell me about that. I am making too much profit. I own the business as a single member. So on the federal tax line, the net of the company is a pass through to me as the single member, right? Got you. So to use the term freely, I was getting hammered with personal income taxes. So I was looking for ways to strategize to be smarter with my money, not to avoid taxes. Can't do that. Right? You can't avoid taxes. I wanted to be smarter with it. So I understood the traditional Roth is pre-taxed, right? So it's taxed when you contribute. That money is already taxed. Got you. Well, as that money grows in your IRA, you do not pay taxes on the gain as it grows. So I want to say two words that you have to understand, y'all. We're dealing with IRAs and 401Ks. Chris, you already said it. Contribution, gain. It's so ironic. I remember reading Robert Kiyosaki's books before. He was like, you can move money one way and the IRS will look at it and tax it a certain way. And you can move the same money a different way and have no taxes on it. Isn't that amazing? Yep. Yep. All right. I don't want to get too excited about that. But okay, go ahead. So you pre-tax dollars. So still in the traditional world, we're talking about the self of the Roth. So CPA at the time said, well, Chris, you could do what is called a SEP IRA, SEP IRA. With the SEP IRA, as long as I, the business owner, and all of my employees, which thankfully I did not have employees, I had contracted workers, as long as I agree, I can contribute up to 25% of my earned income into a SEP IRA. All right. So let's just say, let's do a round number, $100,000 net income. I can contribute up to $25,000 into my SEP IRA. So at the time, great idea, right? Contribution. Yep. Contribution. Sounded like a great idea. I learned in the last few years, not the greatest idea. Because the SEP IRA is pre-taxed on self-employment at 15.5% before I contribute that $25,000. All right. So looking at it from that perspective, I said, there's got to be something else. There's something in this universe in the tax code, the tax laws, that these fat cat, Wall Street guys, these big time developers, there's something that they're doing that's not illegal. But if they've been informed and they strategize on what you just said, how to move money around the same way you move money in traditional, you move money around where you don't get penalized on the game. And that opened me up to the world of self-directed. Gotcha. Self-directed. Yep. Chris, let's stay here for so many words to write down. Right. Chris, tell me about the world of self-directed. I used to use the phrase, imagine when you were a little kid and you went to the puppet show and you saw the little dancing characters, but there was someone behind the screen that made all of that happen. So even, all right, the Wizard of Oz, there was a person behind, right, behind the drapes that was orchestrating everything. And literally that is what self-directing is. Yeah, it's awesome. Dude, man, we got 100 people on here roundup. Thank you for tanging out with us tonight. We're talking about financing your next real estate purchases. Okay. The first one we already went over, we use this fund to grow. There's a link in the video description for that. It's signed up for business credit lines. Number two, IRA, self-directed Roth IRAs. Okay. So we're going to give you some strategies to get into the meat of this stuff, Chris. We're going to have to work this. If you were looking for any type of wealth, Chris, how many hours did you study before you actually were so like, this is for me? With the self-directed?  I bought a book and then I talked to three different custodians, which are the institutions in which we use to self-direct our retirement. Give me a timeframe on that. A couple of weeks. Yeah. At most a couple of weeks. Well, I'm looking at you like you are not the average Joe going to work having to deal with nine to five. You're able to, you're an entrepreneur, so you can kind of, so let's just say that for the average person, you're going to have to take some time. Well, let me, Chris, you just did this. What would you save for the average person? What type of timeframe do they need to look into this so they can kind of comprehend this stuff? For the average person that's working a nine to five, coming home to the wife and kids or the husband and kids. Coming from the world of go talk to Mr. Asset Manager Planner. Listen to all that googly glop. I'll give you a perfect example. The custodian who managed my SEP and my traditional Roth. I contacted him first and asked him about self-directing and he didn't know what I was talking about. How'd that go? How'd that conversation go? He didn't know. And when I heard him say, I don't really know much about it, I knew it was time for me to figure out how to get my money out. And what we now understand is roll that over into a self-directed.   And how long have you been self-directed, bro? 2018. Two years for you. Okay. Round up, get your questions in the box. So this is how this works, y'all. Let's get to it. Now, I'm not talking about you can do this for you or you can do this for somebody else.  I can't tell you how many, I can't count how many people that have contacted us. We roll their money over from a traditional IRA into a self-directed Roth IRA. Contributions are taxed. Game is not taxed. Okay. So we've got 110 people round up. Thank you for joining us. All right. So I just look at when I think about money, right? I just think about buckets. Where am I scoring money, whether it's mine or somebody else's? Another one of our private lenders. So with self-directed Roth IRA, you're going to have to have a custodian. Okay. You got to have a custodian. Chris knows more about the 401k, which we'll get to that in a minute. The custodian is going to hold your money. You contact them to get the money out. How does it work, y'all? So the IRA can actually own real estate. It's owning real estate. So everything that comes out, here's your IRA, right? Say you got 100,000 in here. It comes out. It buys the house. All the money from the flip goes back into the IRA tax-free. Now, Chris talked about contributions. That's still there, right? Contributions are taxed. Games are not taxed. You want to talk about that a little bit, Chris, before I get into it? Yeah. I guess the simplest way to put it is when you make your contribution to your IRA, whether it's traditional or self-directed initially, that money has already been taxed when you put those cards into the bucket. Already taxed. Yeah. The game is the return that your IRA gets from the investments that your IRA makes. So as it grows, as you get a return on your investment, that is not taxed within your retirement. As it grows. I know my roundup people are saying, but Chris, if I do a deal in the IRA, what about me getting the money? I need some of that money. That's where we're going to get to that, too. We're going to get to that, too. I got you covered. Y'all know I've done the research already. I've been doing this since 2004. We got you covered. That's why you're here. All right. So you opened up your self-directed Roth IRA. I'm going to disclose who I use, not because I love them, but just because it's who I use. It's a company called Equity Trust Company. Make sure you please get your notepad on this stuff. We're talking about the path of wealth. You have to choose. If you want to be wealthy, it's a choice. I was thinking today as I'm at the gym. I want to ask Chris, I'm like, it's a choice. You can choose to be broke by not doing the things that rich people do, your habits. It's a choice. Do you wake up early? Do you grind? Do you have your money? These are the tools and the loopholes that the wealthy use, y'all. Do you have to choose? Are you going to do it or not? All the time, my clients are like, should I do this? Should I do that? I'm like, look, this is what the wealthy do. This is what we do. Are you going to do it or not? You're going to do it or not. All right. As a matter of fact, this is how our paths crossed.  Where did you get that from? No doubt you didn't have it being at ODU as a young bug doing those parties. You kind of, I've said it before, you develop a muscle, right? You develop a muscle based on your experiences. You calculate those, either thumbles or stumbles or whatever occurred, and you learn either, you're always going to have a mess up. You're going to have something at some point. Nothing is perfect, but you learn not to waste a lot of time dwelling on the wrong stuff or the trip or the stumble. You focus on what works. Yeah. Sweet. So roundup, you get your IRA. And by the way, who are you using, Chris? You want to tell my roundup as who you use? Yeah. So my solo 401K is with directed IRA, and my traditional are with millennium trust. You won't say it again. So people that didn't hear you. Directed IRA is the solo 401K custodian and millennium trust. And as Chris said, I'm not in love with either one of them, but they worked for me. I wanted to direct, self-direct my SEP and my Roth and the institution's real estate investment trust that I wanted to invest that retirement into. They required me to use millennium trust. I don't love them. I didn't choose them. That's just who they use. Got you. Is that me? People know you. That's me. Let me hit. That's actually the alarm. Roundup. Thank you for joining us. Open registration today. Registration opens today for the foreclosure summit. February 13th. Got my boy Bill Bruncher coming on with us. It's an honor to have y'all. Honor to have you all day. You can hang out with me 12 to five. We're going to go over how to locate, how to bid, how to research, how to close these foreclosure auctions. You got it, Chris? Yeah, man. It's really, really windy here and it's yeah. So the wind is blowing on the garage door and it kept setting the alarm off. Oh, okay. Okay. All right.  How does this work, y'all? So the IRA, here's your bucket of money, right? It will go and fund your deal. Well, let me do this. Let me rewind a little bit, Chris. That ain't going to work. Oh, there you go. Thanks for your time tonight, Bill. Not a problem, man. Honestly, I am not a financial advisor. I'm sure we probably should have disclosed that, but I am- Go ahead. Go ahead. Let him know. Yeah. So I'm not providing financial advice, nor is Chris. We are simply sharing with you what works for us. Yeah. The money comes out of your IRA, right? Buys, fix-ups, sales, house, all the profits. Let's say you want to buy and hold all the rents. Let's say you want to do an owner finances or do a lease option. That down payment will go back into your IRA as a gain, tax-free, y'all. Tax-free. Now, Ness, you can't take it out to your, what, 59? I don't know. 60. What is it? 59 and a half is when you can start. But why would you want to do that? So anyway, you want to- This is generational stuff we're really talking about here. But once you get- You do a few of these and somebody might say, well, Chris, I don't have 100,000 in my IRA. That's where you use it for down payment, y'all. For down payment. And we'll get to the moving parts in a minute, because Chris's moving parts from the 401K are different from the IRA. We'll go to the moving. So you got- Let's say you have 50 or 30. So you can use- I'm just making it- Let me make it easy. I'm doing 50-50. Your IRA can bring 50%. And then you can bring 50%. Or if you have some type of a loan or another private investor, you can borrow that too. But the money will have to go back into the IRA. So there's a whole lot of different ways what they call it is co-investing. Co-investing. You're not necessarily doing a partnership. How many of these have I done? I cannot tell you guys. Because I started out with $2,000. Chris, do you know I've only done one contribution to my IRA? That's amazing. You don't have the earned income to need to make that contribution. I don't have that. One contribution. I think you have earned income to open it, I believe. Mm-hmm. I made one contribution back in 2006. All of my other money that has grown in my IRA has been all gains. It's been all gains. Contribution is taxed. Gains are not taxed. So I've got deals going in and out. In and out. In and out. All right. So let me stay here one more time. You can do with a house, right? That's one thing. Say if you want to set up somebody else, ma or pa, they have a traditional, you're going to flip them over to a self-directed. You're going to turn them into a note. Now, this is going to be synonymous with you or somebody else. Say you want to loan money out, right? So Chris is one of our private lenders. He will loan money to us and we'll pay him a high rate of return. The money will come out of your IRA to fund that borrower. That borrower will make payments back until your IRA. Once again, it's tax-free, y'all. So with the IRA, I have to communicate with my custodian. I got to fill out some paperwork, send in the notes, send in the deed of trust. If it's secured by real estate, they have to approve it. So that's one of the drawbacks with using an IRA like I use. So Chris, go ahead and talk about the 401K that you have set up now. Yeah. So please, my water. I'll be right back. Yep. So the difference is I have a solo, solo 401K and I'm going to go over briefly. I have a list here that I'll go over with you guys. The qualification for the solo 401K, it must be self-employed with no full-time employees, right? So for me, in my print business, that's fine because the people who work in my business are actually 1099 contracted workers. So I don't file a W-2 with them. I am the only employee in my print business. Now, what's great about the solo 401K is in last year, 2020, the maximum annual contribution is $57,000. Now, of course, you're going to have to make a lot of earned income to be able to contribute that much. Your coming year is actually going up. Maximum contribution in the solo 401K in 2021 is going to be $58,000. The cool part here with the solo 401K is that I actually am not only the treasurer and trustee of it, I'm also the custodian of it. So I actually have check writing abilities. So when my custodian directed IRA set this up for me, they went and filed with the IRS so that my solo 401K actually has an EIN number, a tax ID number. The IRA does too. So I take that to the bank. I open up a bank account as Chris, the trustee of his solo 401K and I have check writing abilities against it. I don't have to request it from my custodian with the solo 401K. I have check writing abilities, which is wonderful. Same thing as Chris mentioned with the IRA. It's almost identical.  So the main difference with these 401K y'all and the Roth and IRA, I'm at this new camera, y'all bear with me trying to figure out how to work this day. Chris doesn't have to talk to nobody. Chris, like for me, when I got to do a deal, I got to fill out paperwork, got to scan it in, email it in. They got to approve it. They like it. They want like all docs. Tell me about one of your deals, Chris. Tell me about just how does it look? Like that's how mine looks. How does yours look? You want to sketch it out? Yeah, let's do it. I'm just saying with the eHow, I'm just like, you are your custodian. I am my custodian. It still has to be within a brokerage that manages it. I do pay a minor annual fee, but you're going to pay an annual fee anywhere. And basically, I fill out a quarterly report of what I did in my solo 401K. So I will say the reason, there is a specific reason why I still have my Roth and my SEP is you cannot roll those over into a solo 401K. Nor can you roll over an existing employer's 401K unless the employer, whoever you work for, agrees that you can roll it over. Most of them don't. But really? Yeah, most, I've heard, I don't know. But yeah, most of them don't. Yeah. That's outside of my world, but a lot of people will probably be following that bucket, won't they? Yeah, potentially, potentially, but you as an employee have the right if you want to contribute to your employer 401K. So you could opt not to and then contribute to your own solo. Yep. Chris, in your opinion, it'd been an entrepreneur. For me, I just, man, it was always best for me to handle my own stuff. We got 115 people. Chris, I just didn't fit inside the box of going to I tried it, man, you know, using these these brokerage houses just never worked out for me. Is it, uh, which been your experience? I have not had a good experience. I thought that a, you know, whatever, I don't want to name Brandon, but the TD Ameritrade, the whatever, the traditional or IRA, you know, in there, more in fees, transactional fees that IRA was receiving as a game. That's embarrassing. I looked, I was like, dude, I didn't have a lot of money in it. I was only doing the at the time like 5500 a year to the IRA that I was able to contribute. Yeah. I'm paying 3,400 bucks a year in fees and I'm only gaining 3,400 bucks. This isn't working for me. Roundup. I'm telling y'all, for me, it's just like, yeah, we're just two entrepreneurs, you know, this is informational only. We're not giving you any type of investment advice. We're not attorneys. We're not accountants. No legal advice. Okay. This is just strictly information. So Chris, I know you got that. You've already done a deal. So wait a minute. I'm not counting your money. I kind of know you personally. Yep. You want to give me so this is your 401k. Yep. Did you do a loan? Did you do a house? What'd you do? So I have done stocks. Okay. The money came out. I can, as the checkwriter, I can then authorize a wire transfer from my 401k straight to my e-trade account. I can take those funds in my e-trade account, you know, invest them in stocks. And as I sell those stocks, the gains, I can now transfer those gains back into my 401k. I'm just using this as paper. This paper could be stock. It could be a note. Yeah. Well, let's just promise or it could be a note, a loan or a stock. Anything that's paper, y'all. Okay. So I don't know you did that. You never talked to me about that. So I've done that. Okay.  That's right. So pre-COVID, I went online on a Saturday at lunchtime to the local car auction and I bought a pretty decent pickup truck. It was about 3,500 bucks. Didn't need much work, but in my immediate neighborhood where my print business is, there's a lot of auto mechanics who I know I print their business cards. I had him do a once over. We put new brake pads on it, new wiper blades, changed all the fluids. It was about 800 bucks by the time we were done. I put it, put it back on. So now I bought it from the funds that are in my solo 401k. I bought it and then I posted it on offer up at about 10 people inquire about it and about a week later sold it for 6,000. Sweet. So like 22, 2,300 bucks in the week and a half. Yeah, went right back into my solo 401k. So now that actually has me think of a good point that I will mention. I was instructed that I can only do that a few times a year at most because I was the person doing it. Right? Right. So then that it become they consider that flipping in your IRA and you can't do that. That's a prohibited transaction is what they would call it. Got you. So I backed away from it a little bit, but then consulted. I can pay a guy 100 bucks to go buy it for me. And then he has to take it to the auto mechanic. He has to bring it back and put it on offer up, but I just pay him a fee. And then I'm not the worker bee. That's crazy, man. Right. I mean, it's no different than real estate. Yes.  You cannot. You cannot do that because that's considering like self serving. You can't. You can invest in things, but you can't be the worker bee that makes the gain back into your retirement. Yeah. Good point, Chris. Good point. So there's all type of little, I don't know where they come up with these rules from to be honest, all type of little nuances that you have to follow. It's worth it. If you have paid no taxes, tax, the tax exempt from doing this stuff. Okay. So Chris got paper assets, gang going back in their car, gang going in there. Yeah. This box here. Matter of fact, let's just do this. This is for the question mark. You decide. You decide, y'all. And there are some things you cannot buy. I don't know what they are. You can get them all with the website.  What do you want to invest in? And let me tell you what happens when you open up one of these accounts, y'all. And for me, I'm like, I know I've got a fee. It starts off small, right? The more money you get in there, it gets bigger, right? When I opened up my Roth IRA round up, it pulled me and made me invest because I knew if I didn't, I started, I put $2,000 back when I had nothing, right? I put two grand in there. I'm like, God, if I put this money in here, I'm paying three, whatever a year. If I don't do anything in it in five years, all the money will be gone. So I knew it forced me to take action for myself, right? It made me go out there. So when you open up these things, you don't have a Schwab or a fidelity working on your behalf. By default, it makes you take action. You have to take action or you just whap every year. Whap, putting out fees, putting out fees. Chris, did it make you take action? Immediately. As soon as I looked at the store, as soon as I started doing my research on, I didn't even know what self directed was called. I just knew there was something that these fat cats were doing, right? There was something that they were doing. And after doing my research, working with you on some stuff, it's like, wow, I hate to be shoulda coulda woulda guy, but I sure wish I shoulda coulda woulda 10 years ago. Yeah, something. But like you said, do it now.  You jumped. You was like, I think you called equity too, right? It just didn't move too slow for you, didn't it? It moved too slow. I was trying to get out of it, man. We're having problems. I guess because it's considered a security, it requires a whole different slur paperwork, and you have to have a securities banker that has the security endorsement. So it was just, yeah. Yeah. These fools. Yeah.  You now know what to bring. You know what they want. So round up, I've got notes with men. My IRA owns rental property. I have co-investing where the rents come in. The people, they bring us a money order. One goes to the IRA. One goes to us. We use our IRA, I promise. It's just like a bucket. It is your bank. It is your bank. Why not be, I was thinking last night, why not be in debt to yourself? Why not just be in debt to yourself? And now last year, they allowed me to take out the CARES Act, allowed me to take out up to 100. I took out a huge loan, not even loan, what do they call it? I guess no interest, no penalty loan. I guess they would call it.  I'm like, I would much rather be in debt to myself than to somebody else if you're going to use it. That brings up a good point. Even on the solo 401k, so I'm going to try to explain this in the simplest way. But me personally, as well as the business that I own and run, both contribute every year to my 401k. Say that again, Chris? Yep. So myself, as a W-2 employee in the company that I own, so I am a S corporation of which I am the only member and I am an employee of that, I can contribute up to, as I just said, up to $58,000 a year. And that's based on my earned income. So you got to declare a lot of earned income to be able to contribute that much, but you can. And, of course, that's $58,000, not $58,000. Oh, yes, you're doing a 401k. 401k, yep. And that's in 2021 is the maximum contribution, the maximum annual contribution. But here's where a whole lot of money, a lot of money that you can contribute, right? And it's a percentage of your earned income. So you can't contribute more, they have it set? Yeah, it's a percentage of your earned income. But the cool part with the solo 401k is let's just say my solo 401k has $50,000 in it. I can actually borrow, my business can borrow from Chris's 401k up to 50% of what's in there, as long as Chris's company agrees to pay his retirement 3% over the next three years. Sweet. So I'm actually, so I'm contributing to my 401k, my business is doing an employer contribution on top. And then I can go borrow that money from my retirement as long as I and my company agree to pay back my retirement 3% over the next three years. So, hence again, you're in debt to yourself. In debt to yourself, yep. Man, these fools been doing this. This stuff pisses me off. I'm like, these dudes been doing this stuff, Chris. Yep. The deck is stacked, y'all. We are pulling back the curtain. I was listening to one of my books today is like, no one knows what's behind the veil of death, right? No one knows. Guys, we're showing you what's behind the veil of wealth. This is what these dudes been doing, right? They are not paying taxes to the government.  You got no taxes. So I love it. Being in debt to myself. It just sounds good. Yeah. I mean, I will say I don't mind taxes because if I'm paying taxes, that means I'm earning money and it also means I can contribute more to my retirement. Contributions. Yeah. Maybe I should do more contributions. I need to do more of that, man. Yeah. Well, Chris, you don't got to worry about kids' college accounts and Coverdales and. Yeah. You can stop direct all of that stuff. I forgot about that. So round up, yeah, we have, my kids have, I've got these, I need to, I haven't set up Preston yet. It is on my list to do Coverdales IRA. Same thing. I've got notes with men around my town, out of my kids' college accounts, right? They pay monthly fees. I'm sorry, monthly loan payments to the notes that we have. So, Chris, did you know that when I first started my IRA, I think the max contribution was like two grand. Yeah. When I started, it was 5,500. On your, on your 401k? Yeah. On those Roth. When you were, okay. Yeah. I don't, yeah. 401k, I've only had for a year and some months, but that's really new to me. Yeah. No.  My Roth since I was about 25, 26. Okay. So maybe about 18 years. Yeah. Okay. Maybe about four thousand. I've probably had the SEP since about 2015. So about five or six years. Roundup. I'm with Chris Burch. I know this stuff might sound a little bleh, but wealth is boring in and of itself. Wealth is boring. All wealth is, is getting cash flow every month. Pass over. You don't gotta do nothing for it. All right. Income streams. It is boring. We're trying to set you up so you can have a boring life. These, just like rent comes in every month. Boring. No one wants to see me go collect rent or see the direct. If I just showed you that direct deposits in the bank for rent and the cash out, people paying us rent, there's no entertainment in it. Everybody wants to see flipping. I promise you, this is where the real true wealth is. This IRA is self-directed. Go ahead, look into it. All right. So the gains tax free. Did we cover that? What else am I doing? We're learning it out. You could set up other people's Roths, set them up. They can loan money to your company. Now when they loan you money, you don't have to, their profit goes in their IRA. You don't have to put the money in their IRA. You get to keep that money. So at least consider that. Okay. Anything I should want to go over, Chris, before we get to questions? I will give you one last point and I'm not promoting one or the other, but I do know when you're dealing with real estate, the solo 401k is not subject to UBIT or UDI, was it UDFI or UBIT? Unrelated business income tax. Exactly. The solo 401k is not subject to that when you're dealing with leveraged real estate, but the traditional IRA is. Yeah, self-directed is too. Yep. Yep. If you're leveraging real estate, you got to pay UBIT. Yeah. Unrelated business income tax, but I don't know how much it is. What is it? 8% of something, Chris? I don't know. Something like that. Yeah. Something like that. Okay. Roundup.  If you're sick and tired of saying, I don't have the money, you can approach people that have capital. I promise you, they're probably getting 1% wherever they're at. Wherever it is, it's not much. You walk in the door, you're giving them 7%, 8%. They are going to love you. Yep. But you got to know how to set it up in order for you to get them to loan you the money, okay?  David wants to know, is the fund and grow for short term because of the 12 month term? Chris knows more about that. So I would say, I'm not going to say, yes, it's only for the short term, but the benefit of funding grow is within the first 6 to 18 months, you are not going to be paying interest on those lines of credit. So yes, it would be more beneficial in the short term. As far as another alternative for long term, maybe a traditional line of credit with a bank, I'm not promoting that because it's going to be a pain in the butt to go through it. It's just that as well as getting your self-directed IRA or 401K get that set up, find out what the maximum contribution you can make in, I guess, because no one's filed their 2020 taxes yet. Find out what you can do to set it up and get that money in those self-directed accounts and start distributing those funds and using them. If you're able on a self-directed IRA to contribute $6,000, that could be a down payment. Get it in there and you can do it on steroids. I know people that have purchased self-directed Roth IRAs that are already seasoned, but I'm not going to go there right now. I'm just letting y'all know that so much creative stuff out here. Oh, what is the alternative? Oh, he already answered that. What up? Healing? How you doing, my friend? Pastry? Okay, Kenneth, Chris, don't you need to show cash flow in your bank account? Cash flow. He must be talking about funding grow, maybe. I don't know. I didn't submit any bank information when I did it. No. I mean, you wouldn't need to present cash flow because they can approve your line of credit, even if your business isn't set up yet. That's right. They're going to help you set the business up, so you wouldn't have to show any cash flow. That's crazy. You're right. You wouldn't even have it. They don't even care. I did a comment yesterday or day before that they asked him for a Dunning-Bradstreet number. Yeah. I had no experience. They didn't ask me for one. I just throw it out there. Someone mentioned that that they did ask them for their Dunning's number, but that's not my experience. They didn't ask me for mine. Gotcha. Kenneth, if you're talking about bank statements for cash flow with self-directed Roth IRAs and 401Ks, doesn't even exist. Nobody's going to care anything about that. Low Empress for Funding Grow. What about new business owners, Chris? New business, they'll help you set it up. Once again, not to repeat ourselves too much. The approval on funding is based on your personal credit. It will not show up on your personal credit, but your funding, your approved amount of maximum funding is based on your credit boardiness. That means you know how to manage and pay down debt. Good question. Good question. None of that matters on the self-directed side. Let me give a quick commercial, Chris. Roundup. I'm opening up today. The foreclosure summit will be February 13th. All day with me, I'm going to show you how to locate research, bid, win, close on your next foreclosure auction house. All online foreclosure summit and my boy, Bill Brunchick, will be coming on to kind of go over some of his take on how to teach the writer of redemptions and all that stuff. We're going to be covering A to Z, all about foreclosures in this coming crazy market that I first see that will be here. We don't know when it's coming. Chris, when do you think it's coming? Or do you think it's not coming? A lot of people are saying, man, it ain't going to be like 2008. It's going to be a lot smoother. I'm hearing a lot of that. I've heard that statement as well that it's not going to be as reckless as it was in 2008. On what level is it going to come? I think it's going to be, I think it's going to be heavy, but I think there is going to be in a foreseeable future as soon as they relieve these, as soon as they allow these institutions to start pursuing the foreclosures, trust and believe if you're in default now, they're just stacking up paper on you. They're just waiting on that green light so they come in and pounce. They're waiting on it.  I'm done with this house anyway. I just want to move on. Same as 08, they're going to get paid three times. Oh, the insurance. Well, not only that. Your lender, your mortgage company got paid when you put down your initial down payment. They're going to get paid when they foreclose on it and sell it, and they're going to get paid again when someone else buys it. They're going to get paid three times. They're licking their chops. Criminal crib. But I want us to be round up. I want you to be in the position to take advantage of these foreclosures, right? But in order to do that, you've got to know how to tell you, how do you build on these homes? That link is in the video description to get signed up, y'all. Derek, the income can be spent until you retire in an IRA, correct? It can't be spent. No. So if your IRA grows, if you're seeing a gain in your IRA, you can still access that money. You're going to be taxed on it when you pull it out, though. Yeah, and penalty too. So Derek, here's the thing.  As you get older, you're going to have to just train. For me, I had to train my brain. I'm like, I opened up my IRA because I knew I didn't have the muscle to have a bank account that I wouldn't touch. So with the IRA, if you stick it in there, you cannot, you just forget about it until it's investing time. When it's investing time, you always have money to invest. Always, right? So it's by default, it kind of builds you that muscle memory to say that I am an investor. These funds are for investing only. I will not touch them. All right? So the IRA does a lot more than just kind of, it does a lot mentally for me. A lot of this metaphysical stuff kind of really moves me around, pulls me towards success. Because before I'm like, I ain't doing no IRA. I'm getting my money. Robbie, hey Candace, how you doing? Robbie wants to know, do you pay capital gains tax in the IRA and 401K? Any gain that grows within your 401K? No. Tax-free, y'all. On the gain side. Now your contributions are taxed, gains are not taxed. All right? Gotta remember that. We don't even do contributions really. So for example, earlier on when you said, I partnered with my IRA on that house, right? So 50% of that deal would not pay tax, which would be Chris's IRA. And then the part that Chris, as a personally gained from that property, he would pay capital gains. There you go. Yeah, absolutely right. I did have to pay, yeah.  Jay, Trevor, is the summit only to purchase or bid on auction properties? Or will this be to teach how to buy creatively using creative financing? No. Only how to go to the auction. I'm charging y'all. It's not free. It's a few dollars. I'm going to show you to go to the auction and bid on these houses, okay? Teach how to buy creatively. I'm not doing any creative financing on this foreclosure auction. Okay? Good question, Trevor. Yeah, I'm telling you how to, because for me, as I'm looking back in 2008, oh, God, I wish I didn't even know how to do this stuff when the last thing crashed. Now that I know, I get to deploy that tool, right? Derek, if a house is more than six, if a house is more than $6,000 contribution limit, how can I, how can it go into the IRA? Good question. If a house is more than $6,000 contribution. Oh, so he's still here. He's here. All right. So the maximum contribution, which means when I'm working my job and I pay taxes, I can avoid some of those income taxes by contributing $6,000 to my retirement account, my IRA. If the IRA invests in a house, it could sell for $1 million in the balance would go back into your 401k tax deferred or tax free. All of it. All of it, y'all. Derek, we've got to remember in real estate, you got the fence, right? I always like to teach on the fence. You got that fence. If you do it this way, it could be taxed a certain way. If you do it that way, it could not be taxed. Your game is on the right side of the fence, your contributions on the left side. If you take money out of your pocket and put it in there, that's a contribution. If it comes from a deal or a transaction, it's a game, my friend. Okay. Just think about it like that. Ow, what's up, my boy? Owl entrepreneur. What are the benefits of having an EIN for your self-directed Roth IRA or 401k? Most suggest keep it as a pass through. You're going to get one whether you want it or not. Yeah, you're going to get one because that's the only way they can set up the entity to create bank accounts. They're going to track it. They got to be able to track it, Owl. Yeah. And we don't have a bank account, but do, Chris, let me tell you this, when I first started out with my IRA, we just used the, we used, everybody used equity trust companies EIN. Oh, wow. Imagine how many, that was crazy. Yeah. In a sense, they were managing your money. So over time, they rolled out EINs for all of them. So, Owl, you have no choice. They are going to print out. And it's not like, just say, for instance, if you 401k bought a house, you would report that on your taxes. Like when I do my tax returns, right? It shows Chris Haskins, 60%, and this other entity 40%. So it's right there on a tax return. You can't run from the man. Our uncle is Chris likes to call him. Marianne, hey, get your questions. That is my dilemma. I am looking to move from my current custodian, oh man, to one that has check writing privileges. Good topic here. Chris? That's exactly what I did. The custodian that I use is directed IRA. They're based in Arizona. And I did everything online. The only thing I had to do in person, they did, they set up all the docs for me. They initiated the rollover out of my, the SEP IRA that I had. They initiated the rollover for that. Excuse me. I'm misstating that. That was not directed IRA. That was millennium trust that did rollover. As I said before, you can't rollover a SEP into a 401k. But my traditional SEP, I rolled it over into a self-directed IRA where I distribute that into real estate investment trust. Got you. Yeah. So millennium trust, I can't remember the website, just search them there somewhere in the Midwest. Marianne, you have a good problem. Yep. I'm telling you the problem. Having money is a problem. Can't know what to do with it. Can't spend it. Timothy, how are you doing? Making possibilities happen. I like that. I have a direct IRA. I'm presuming Chris, you think he's talking about self-directed? Probably, yep. Of only 45,000, only you're doing good. How can I position myself to increase that number by helping other rehabs? Shoot me or Chris a email. Yeah, I do. Dude, if I was you, I'd get that money open working with other guys like Chris or me. Put that money into our deals, dude. Put that money into the deals. Boom. Put it out. Get it ready to return. Get it back. Get it working. Just exercise that muscle. No. Because if you use it, you've got 45,000. I don't know what you do full-time, but it's not the easiest thing. I will tell you to use it on your own deals. You have to be careful on how you use it because you cannot be the contractor. You can't be the guy running to that property every day managing that project. You cannot, you just can't do that. It's considered a self-dealing. Yeah, self-dealing, but it's considered a prohibited transaction. Healing through our inspiration. What up? Isn't this like life insurance? Yes. Life insurance, they call this the little brother. So the life insurance builds cash value and then you can borrow from it, pay interest to your life insurance. That is another level, another layer that is true. So I was reading a book, the and, somebody mailed me a book, the and asset. They said life insurance was the big brother, self-directed IRAs and 401Ks or the little brother. So we're here with life insurance. You're going to have to be chunking money in there before you can get in the out with your self-direct. You could wholesale a deal. I can't tell you how many deals I've wholesaleed them out. You got, just think about this, y'all. You got your IRA, right? Let me do this. This is what's going to blow your mind. How do we get, this is how I got my money, my IRA loaded fat with money, right? Say, stay with me, y'all. Say you got a house on the contract. This is, you're going to love this. You got a house on the contract, right? 90,000. The earnest money deposit is a hundred dollars, right? Stay with me. This is going to blow your mind. Earnest money deposit is a hundred dollars. The IRA would fund the earnest money deposit. So it would be the 100% owner of that contract, okay? I got it for 90K. And I sell that house for a hundred thousand. So my profit is what? Two thousand, right? I got it in the contract for a hundred, I mean for 90, I got a hundred dollars coming out of my IRA. I sold it for a hundred thousand, which means I collected a $10,000 EMD. This EMD goes, you're talking about tax-free. This EM, this $10,000 goes back into the IRA, tax-free. You do a few of those, but you don't have to do it all. You can do 50, 50, 75, 25. So I used to have earnest monies. I would have 50, I would take $50 in and then the IRA would mail in 50. Man, I have done deals where my custodian, my kid's college account mails in $30. My wife's IRA is mailing in $30. You can max, mix, and match this stuff to all types of ways. So you got that earnest money. That's all you need. That's all you need to come out. And then you got a big old assignment fee coming back in there.  I mean, that stuff. Foreign language. Yep, you still got to listen. Healing, I admire you for listening because this is not something that's regularly talked about. You know what's funny, Chris? What? I first, now I was searching for it. I didn't know what I was searching for.  That's where I was. When I saw it, I had to watch it a couple times, you know, I had to. But I was like, Oh my God, you can do that. That's what these guys have been doing all this time. Unbelievable. Which part was more most exciting for you, Chris? At the time, it was trying to avoid as much taxable income as possible. So I was looking right, which you owe it to yourself and your family, by the way. I don't want anybody to feel like they need to pay more taxes. No, I was trying to avoid as much personal liability. That's when I found it. And the head explosion moment was when I saw that I could self-direct it and whatever gain it returned went back in tax-free. That's what these guys have been doing. Nice for you. That's right. Welcome to the world of real estate and the wealthy. No justice. What is your advice to get personal property out of your name? That's simple. I think it's real simple. I would recommend going back on Chris Haskins channel, searching for land trust. Chris has a series on that. Probably got, you know, a link in the description for the document. When I tell you it's one of the simplest things you'll ever do, all you need to do is find a title company that'll transfer that property out of your personal name into the name of the land trust and you're done. Which is probably, the trust itself is the easy part. Finding someone who understands how to do it is the hard part. That's true. That's true. Because these fools act like, oh, you can't do that. Oh, no, you can't do that. What are you doing? Right. No justice. Get that stuff out of your name, man. Old school punk. Oh, man, thank you, my friend. Thanks for opening up powerful content. Yes, sir. Thank you. Thanks for coming here. Old school punk, the rich ruleth over the poor. The borrower is serving to the lender. Wow, that's crazy. Marion, can you self-direct the repayment terms on the loan from the IRA or is there a set time frame? Stuffed about the repayment terms. Yeah, you can set up an agreement similar to what Chris was just saying. He has rental properties that are in the name. So he set up an agreement between his IRA and the tenant at his property that the tenant agrees to pay his IRA X amount of dollars every month. Yep. Yeah, you can do that all day long. Yep. So, Marion, that's why I love this stuff. You set the terms. You come up with a down payment. You make a decision of do I want... I'm telling you, we do... The terms we set up, they're no payment. Why am I bending down? They're no payment loans, Marion. So you can do quarterly payment. You can do annual, bi-annual, yearly. I mean, it's up to you. You set the day on terms. That's why we're doing this. So we don't have to worry about the bank telling us what to do. Mary is with Chris. I'm with Equity Trust. They were the only game in town when I started. Iris, I'm in San Diego. Will my course teach virtual investing? No. Sorry, I'm just being honest. I'm going to teach you how to go down to the courthouse. You can get that stuff from the other virtual guys. I don't know that stuff. I'm going to show you how to go to the courthouse and bid on these houses. Timothy, send you the email. Okay, cool. Yeah, that's fine. How can I... Oh, Chris, how do people can touch with you, my friend? Right there in my name, chrisburch.biz. Just fill out the little form. It'll go straight to my email. Yep. Chris Burch. There you go. Save for me. I'm chrisaskins.com. Round it up. With Chris Burch talking about IRAs, 401Ks, funding, grow, getting business lines of credit, that link is in the video description as well as my foreclosure sum, but it's here, y'all. All day with me, February 13th, 12 to 5, and you're going to get information about foreclosures from my boy, attorney Bill Brunswick. The registration starts today. Early bird registration ends next week. What is it? All day, step by step, how to go find and buy foreclosures. It's an upcoming real estate downturn. It's got to be coming. It's got to be coming. What else is it? Roan mag. Will we be able to review? Yeah, this will be online. The foreclosure summit will not. Yes, this will be up. Gerald, I started with my first property two years ago and have bought up to my third. Good for you in December. Good for you, Gerald. Mary, equity trust here. Money that's been sitting there. Sound like you need to get that stuff working. Yeah. Get this stuff working. I want to know how I can buy homes faster doing BRRR. I don't know if we're doing that with the IRA because if you bought it in the IRA and then you refinanced it, it's above me. Yeah, I don't know how. If he's talking about doing it in an IRA, I'm not sure, but if it's just a general question is how can I buy houses faster? Looking for deals. Wait for this economic downturn. You see, there's a time to buy and there's a time to hold tight. Time to buy and hold tight. Now, I'm not saying you can't buy right now, but we're all overpaying everybody from coast to coast, whether you're buying wholesale or retail.  You got three rental properties, Gerald. Most people have none. Pack yourself in the back. Okay, roundup. Listen. IRAs, self-directed 401ks, fund and grow. That link, if you want to see about the business credit lines, it's in the video description as well as registration for the foreclosure summit. Thank you for joining us tonight. Chris, final thoughts on my roundup homies trying to get into creative financing. Yeah, man, just go back. Look on Chris's channel. There's a ton of information on how to do that, different strategies of how to do it, but he and I just thought it'd be good content to share with you guys from our own experience. I'm not an attorney. I'm not a financial advisor. I'm teaching and sharing with you how I've done it and how it's worked for me as well as for Chris. I appreciate that. Okay, roundup. Listen, make sure you subscribe.  You got to get a like a styrofoam version of that, where you can hold it up. Did you hear that thing? I think there's a thud. I think it helps me get subscribers. Roundup. We've passed in 75,000 subscribers. I am honored that you guys let me pour. Y'all let me pour into you. We're going to hit 100,000 this year. I will get the play button and it's all thanks to you. Thanks to you. So I want to say from the Haskins family, thank you. Y'all give me something to get up in the morning for because my kids around here, they crazy. They crazy. No dad, just pushing them. Yep. Like the content share with any other investor that needs to learn this stuff to build some wealth, build their real estate empire. This is how you do it. Forget the banks that you can go get a few loans here and there, but these banks ain't going to help you build an empire. They don't care. They worried about their numbers. Okay. So the way you do it, creative financing, business credit lines, IRAs, 401ks, private money. Okay. This is another leg to private money. Get registered up for the foreclosure summit and the video description and see how much to qualify for as well in the video description below with funding grow. Let me leave you with this summit next weekend. Get registered up. Round up. I'll see you guys soon. Chris, thank you, my friend. Yes, sir. I appreciate it. All right. Peace.


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