526: BiggerNews November: Congress's $40B Sucker Punch to Real Estate Investors (See Update!) 01:16:51

    <p>[<strong>NOTE:</strong> Since this episode was recorded, some events have changed. We have updated the intro to the episode and the lead-in to our conversation with Jeff Watson to reflect those developments]</p><p><a href="https://www.biggerpockets.com/blog/investor-understand-inflation"><strong>Inflation</strong></a><strong> is big, scary, and in the news</strong>. With it comes the fear of sky-high home values, consumer goods falling in short supply, and <strong>cash positions becoming worthless overnight</strong>. With high inflation at our doorstep, we need to be smarter (and faster) when it comes to investing. Thankfully, for BiggerPockets listeners, one of<strong> the strongest hedges against inflation </strong>is real estate!</p><p><a href="https://www.instagram.com/davidgreene24/?hl=en"><strong>David Greene</strong></a> and <a href="https://www.instagram.com/thedatadeli/"><strong>Dave Meyer</strong></a> are back on another episode of BiggerNews to discuss not only the <strong>cause of inflation</strong> but how to<strong> protect yourself against it </strong>in this hyper-inflationary environment we find ourselves in. Both David and Dave harp on how important it is to start investing as soon as you can, taking advantage of <a href="https://www.biggerpockets.com/blog/what-zero-percent-interest-rates-mean">low-interest rates</a> and locked-in leverage that bank financing provides.</p><p><a href="https://www.watsoninvested.com/"><strong>Jeff Watson</strong></a>, attorney and <strong>self-directed IRA expert</strong>, joins the Dave duo to talk about the proposed “<a href="https://www.congress.gov/bill/117th-congress/house-bill/5376/text"><strong>Build Back Better Bill</strong></a>” and its consequences for real estate investors - which Jeff calls a “nightmare” for those who want to raise private money for deals. As noted at the top of this description – in the time since this episode was recorded, the sections of the bill affecting Self-Directed IRAs have been <strong>removed</strong>. We've added audio to the episode explaining those developments; we are keeping the content because it offers a glimpse into an issue that may crop up again on Capitol Hill in the future.</p><p><strong>In This Episode We Cover:</strong></p><p><strong>What is inflation </strong>and how did America become an inflationary environment?</p><p>The <strong>main causes of inflation</strong> and whether or not it will affect you</p><p>Using debt to <strong>lock in low-interest-rate loans</strong> while rents continue to rise</p><p>The “Build Back Better Bill” and its<strong> consequences for all real estate investors</strong></p><p>How this new bill would have potentially hurt ‘average joe’ investors while propping up <a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-514">hedge funds</a></p><p><strong>Steps you can take to</strong> <a href="https://www.biggerpockets.com/blog/anonymity-asset-protection-dummies-avoid-law-suits">protect your assets</a></p><p>And So Much More!</p><p><strong>Links from the Show</strong></p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.biggerpockets.com/youtube">BiggerPockets Youtube Channel</a></p><p><a href="https://instagram.com/davidgreene24">David Greene's Instagram</a></p><p><a href="https://instagram.com/thedatadeli">David Meyer's Instagram</a></p><p><a href="https://www.biggerpockets.com/conference">BiggerPockets Conference</a></p><p><a href="https://biggerpockets.com/pro">BiggerPockets Pro Membership</a></p><p><a href="https://www.biggerpockets.com/moneyshow">BiggerPockets Money Podcast</a></p><p><a href="https://www.biggerpockets.com/real-estate-rookie-podcast">Real Estate Rookie Podcast</a></p><p><a href="https://www.biggerpockets.com/daily">BiggerPockets Daily Podcast</a></p><p><a href="https://www.gobundance.com/">GoBundance</a></p><p><a href="https://www.itreconomics.com/brian-beaulieu">Brian Beaulieu of ITR Economics</a></p><p><a href="https://www.questtrustcompany.com/">Quest Trust Company</a></p><p><a href="https://www.donaldjtrump.com/">President Donald J Trump</a></p><p><a href="https://www.richdad.com/">Robert Kiyosaki</a></p><p><a href="https://www.forbes.com/profile/peter-thiel/">Peter Thiel</a></p><p><a href="https://www.paypal.com/">Paypal</a></p><p><a href="https://handsoffmyira.com/">HandsOff My IRA</a></p><p><a href="https://www.biggerpockets.com/blog/wp-content/uploads/2021/11/PROTECTING-IRA-INVESTMENT-CHOICE-2-pager.pdf">Protecting IRA Investment Choice</a> (Jeff's Document)</p><p><a href="https://www.biggerpockets.com/blog/wp-content/uploads/2021/11/Summary-of-Changes-to-IRAs-Quincy-Long-Esq.-of-Quest-Trust.pdf">Summary of Changes Proposed by House Reconciliation “Build Back Better” Bill</a> (Jeff's Document)</p><p><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-502-dave-meyer-kathy-fettke">BiggerPockets Podcast 502: BiggerNews, September: Will Anything Slow Down this Housing Market? with Dave Meyer &amp; Kathy Fettke</a></p><p>Check the full show notes here: http://biggerpockets.com/show526</p>
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