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0:01 Hey, welcome to the cities episode, we have a cool and interesting story. This is our segment called deal breakdown, where we have cool, interesting stories where people got cool. Business stories, great returns. Interesting, and all. Interesting all inclusive story. So today we have our guest, Mr. Zachary Wilson from Quest IRA. What's the story you have for us today, man. 0:20 So there's two of them. The first one is in an interesting way that someone was able to leverage and account second one was, by far the most interesting investment that I've ever, ever seen. All right, a little bit of background about me. Before I was an IRA specialist here at Qwest, I worked in our back end auditing team, right? So I got to see all the investments that came through quest. 99% of them are pretty straightforward types of investments. We've all seen someone purchasing a property, someone lending out, someone investing into a syndication, whatever it is, right. But that's when one came across my desk. So I looked at it, and it was going to be a secured note. Right, which off the bat sounds pretty straightforward. But then I looked at security. And I looked at the terms, I noticed that there weren't any payments coming in, right now only, you know, it wasn't just going to be like an interest only note, it was going to fully depend on the realization of the investment that the investment had to go well, for him to get any return back. So it was a highly, highly risky investment. Alright, so I started looking through like, man, what? What's going on? I know, it's it's secured note. It's one secured by personal guarantee, which is, you know, okay, awesome. It gives gives the borrower some, sorry, the lender, some recourse, but it was the terms and what they were funding. So when I look into it, I noticed that the payments are going to a team based out of the Philippines. Okay, oh, no, now I'm interested, right. So I'm looking through and making sure one, there are no prohibited transactions going on. But I'm also reading just for my personal my personal interest. And I start looking through the details and what the parameters of the investment were. One, they were going they were investing $50,000. Right. If the deal is successful, right, if it is successful, they were looking at a return of I think, like, it was something it was like $540 million. Right? I'm like, yeah, right off the bat. What? What's, what's happening? So 540,050,000 to 540 million. Okay, how crazy. I look. I looked through the investment, what their funding is a treasure hunt in the Philippines. Oh, wow. They are looking for a supposedly there was supposed to be a stash of like precious metals, and like gold coins, bullion, stuff like that. That was left by Japanese forces in World War Two. Right. It was supposedly just a huge stash that had to be left behind in a rush. Right there funding that investment. Yeah, and then the funding that investment and then if they were to find it, there was going to be like, a billion dollars worth it was worth there's a hole if it found at all. Here's what he was gonna get his full return back. And that's I till this day, I don't know what happened with it. I haven't heard back. I don't know if they're still searching for it. This was about two years ago. But yeah, that's got to be by far the craziest investment I've ever seen done. There was self directed IRA, completely within compliance, completely legal. Everything's aboveboard. And they did it 50 times they put online. 3:44 So if you want to invest in a treasure hunt, and go through quest, 3:49 go talk to quest Trust Company, we'll be able to take care 3:51 of you. That is, that has got to be the craziest story I've ever heard ever, because like easily like least like self opposition is ripping people like will self invest that are but you think capital capital raising somebody capital raise for treasure hunt 4:09 for? Yeah. So it's gonna be within a, this was done in a Roth IRA. So I mean, if he gets it, right, if it happens, over half a billion, right. And that's the full amount. Obviously, they found partial, he's not going to get the full amount. And if I had to guess if they found anything, he's probably going to get like a couple million. Right. Yeah, right. Awesome return and he waits till his retirement age. That's a couple million tax penalty free. That's crazy. Yeah. You can't ask for much more than that. 4:41 That is that that is definitely the craziest I've ever heard. I'm really glad you mentioned that because that I've heard some crazy stories, but that was the top of the list so far. I'm telling you yet to this day. I've never seen more interesting investment. Never. Yeah. If If something happens and you hear about it maybe the next five to 10 years I hope you reach back out it's because I want to know because now I am invested in the story. 5:08 You better believe I Well, this is the first time I've told that story like publicly I'm just this has always been just something I've had in the back of my head. Alright, so you better believe I see that I see the return and especially if it's a massive return like that. I'm giving you a call I'm letting you know. 5:24 Wow. Well, I hope you enjoyed this this deal break down story, go check out quest Ira quest trust company.com. If you're interested in starting an IRA, go to Zachary dot Wilson at Quest Trust Company is here below and it's in the video itself. I hope you enjoyed that story that is very intriguing to me. So what else what other stories we have coming up next. Thanks for joining us. 5:52 Thank you.
Host/ Ceo/ Speaker
I have been an entrepreneur since 2018. I come from a regular home just like most people. My dad worked on the roads in the Chicago area for over 30 years. He always taught me to work with my brain, instead of my body. Your body can only take so much abuse. I learned so much from my father. He always pushed me to work smarter and not harder.
I have owned and operated a trucking business for 2 years. I started learning real estate in 2019. Fell into the Data & Skiptracing business in 2020. My partner Anthony & I started Hivemind in 2021.
I have done a ton of different jobs coming up from painting, to door-to-door sales, telemarketing, truck driving, and loading trailers. What I learned most is that I want to stay in the digital business space. The leverage you can have delivering digital products to the marketplace can yield limitless possibilites.
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Starting the Hivemind has been an amazing journey so far. Seeing one of our users make his 6 figure month in June 2021 leveraging our software, I know there will be plenty more to come!
IRA Specialist at Quest Trust Company. Largest Self-Directed IRA Custodian in Texas with 20k clients across country. We are a retirement custodian that specializes in alternative assets, specifically real estate style investments.
About me, I'm from New Orleans. Went to LSU for Chemical Engineering but transferred to UH to finish up in Finance. Been with Quest for 4+ years. 3+ years with Internal Auditing team reviewing all investments coming through Quest. 1 year as an IRA specialist and speaker for Quest.