CTW 065: Damion Lupo - Understanding the Benefits of a QRP or EQRP

The Commit to Wealth Podcast - Creating Generational Wealth through Real Estate Investing

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5+ y ago 33:16

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Featured on 100s of podcasts and radio shows, Damion Lupo is a financial mentor to the elite. He is also a best selling author in personal finance. He's a four-time college dropout, who actually got thrown out of one of the schools for opening a bookstore in his dorm room, putting the official store into bankruptcy. Damion became a multimillionaire by age 25 and then lost his $20 Million empire by age 30. Five years later he was back, reinvented and recharged on a mission. His mission is to Free a Million People from Financial Bondgage.

Some of the topics discussed:

What is QRP and why it’s beneficial to have
What is UDFI and what that means to real estate investing
How to avoid UBIT (Unrelated Business Income Tax) and why
Investing in QRP vs. IRA or 401K
What things can you or can’t do with a QRP funds
Being responsible with your investments and retirement funds
Rolling over from an IRA to a QRP and what the process is like and some hurdles you might encounter
What is an EQRP and how it compares to a QRP
How your funds are dispersed or transferred in case of death or other circumstances

Connect with Damion via his website www.theqrpbook.com. Plus, get a free report that explains QRPs by texting QRP to 72000.

If you have any deals you’d like for us to help you analyze, send us an email and we’ll help you analyze it.

103 episodes

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