Investing in Real Estate and Private Equity through Self-Directed IRAs

The IRA Cafe

Welcome back to the IRA Cafe! In this episode, Jasmine Trocchia sits down with Charlie Wessel, the founder and principal of Cordell Capital, to discuss various facets of real estate investing, the importance of networking, and unique investment opportunities like debt validation funds. Charlie shares his personal journey from being an entrepreneur in his twenties to creating Cordell Capital, a firm based in Charleston, South Carolina, that helps investors across the U.S. and Canada. He discusses how his past experiences in the stock market and real estate led him to develop a unique approach to investing, focusing on multifamily properties and specialized office spaces. You'll also hear about his innovative ventures, such as a debt validation fund aimed at supporting veterans, active military, and first responders. Whether you're an experienced investor or just starting out, Charlie offers valuable insights into making smarter investment choices, the importance of networking, and the benefits of self-directed IRAs. Join us for a compelling conversation that merges personal anecdotes with expert advice, offering a comprehensive look at how to make your investments work harder for you. Don't miss out!

Key Takeaways

Cordell Capital's Business Model: Charlie Wessel runs Cordell Capital, a private equity firm based in Charleston, SC that manages around $160 million in assets, including approximately 3,000 doors of multifamily and office properties. They focus on specialized properties like medical offices and strategic locations like their recent lawyer's office building across from a courthouse. Evolution from Single Family to Commercial Properties: Charlie shared his journey from losing money in the stock market and managing single-family rentals to focusing on larger commercial properties. He explained how apartment complexes offer better economies of scale compared to single-family homes, particularly regarding maintenance costs and vacancy risks. New Debt Validation Fund Initiative: Cordell Capital has launched a debt validation fund specifically targeting veterans, active military, and first responders to help with credit card debt. The fund offers a 20% annual percentage rate to investors while helping people manage their debt through the Fair Credit Reporting Act. Investment Requirements: Their investments require a minimum of $50,000 and are limited to accredited investors (those with over $1 million net worth excluding personal residence, or income of $200,000/year single/$300,000/year joint). They aim to double investors' money within 5 years. Industry Growth Trends: Charlie sees significant growth potential in alternative investments and self-directed IRAs, noting that many people still don't know about self-directed IRA options. He believes this investment space will continue to grow as more people learn about alternatives to traditional investment vehicles. Interested listeners can contact Charlie Wessel via the Cordell Capital website at cordellcapital.com. For more information or to submit a question to be answered on a future episode, reach out at [e-mail]. [embed]https://youtu.be/xDE3h59abeE[/embed]