Advanta IRA Administration Holds Lunch and Learn With Successful Real Estate Investors Mark and Anne Lackey: Private Lending and Your Self-Directed IRA
Atlanta, Georgia (PRWEB) October 15, 2013 -- When a self-directed IRA participates in private lending transactions, the IRA plays the part a bank normally does by providing loans for mortgages and trust deeds, secured and unsecured notes, and even for things such as judgments and structured settlements. Smart investors make private loans to individuals or entities to potentially build wealth in their retirement accounts. “Profit from private lending is gained through earnings on interest rates and repayment terms of these loans and the income flows directly into a self-directed IRA on a tax-free or tax-deferred basis,” says Jack Callahan, Managing Partner of Advanta IRA Administration in Atlanta, Georgia.
Private lending through a self-directed IRA offers benefits for both the lender and borrower. “The private lender (IRA) provides capital to the borrower much faster and with more accommodating terms than traditional lending institutions,” says Callahan.
The IRA owner chooses the loan recipient, the type and terms of the loan, and also decides whether to provide secured or unsecured loans. Secured loans are backed by collateral to protect from default. Unsecured loans typically are offered at a higher rate of interest in lieu of collateral.
In an effort to educate investors nationwide on the benefits and risks of private lending, Advanta IRA Administration is holding a lunch and learn on October 18, 2013. Mark and Anne Lackey are successful real estate investors who will lead this event by providing their secrets to success. Investors of all levels are invited and encouraged to attend.
Event: Lunch & Learn – Mark and Anne Lackey: Private Lending with a Self-Directed IRA
Date: October 18, 2013
Time: 11:45 – 1:00 p.m.
Location: 12600 Deerfield Parkway, Suite 100, Alpharetta, Georgia 30004
Cost: No charge. Lunch is provided.
Register: By 5:00 p.m. on October 17th by contacting Teresa Chin by phone at (678) 513-8913 x 1147, or by emailing tchin(at)advantairagroup(dot)com.
About Advanta IRA
Advanta IRA Services, located in Largo, Florida, has been in operation for over 8 years, providing administrative service to owners of self-directed IRAs throughout the Tampa Bay and Sarasota, Florida regions. Advanta IRA Administration offers a second location serving the Atlanta, Georgia area and surrounding regions. Both offices are managed by Jack Callahan, J.D., CFP™. Advanta IRA offers classes, seminars and other educational tools designed to assist clients in managing self-directed IRAs by investing in real estate, notes, private placements and other non-traditional assets that have the potential to maximize IRA earnings on a tax-free or tax-deferred basis.
About Jack Callahan
Jack M. Callahan, J.D., CFP™, is the managing partner at Advanta IRA Services in Largo, FL and Advanta IRA Administration in Atlanta, GA. Jack established the corporate office, Advanta IRA Services, in 2003. Prior to that, Jack delivered specialized counsel to real estate investors, small business owners and real estate professionals on tax, legal and financial matters. As an industry expert, Jack is a frequent speaker on the topic of self-directed retirement plans and an accredited continuing education instructor for the Florida and Georgia Bar Associations, Florida and Georgia Real Estate Commissions, and The American Institute of Certified Public Accountants. He earned his bachelor of science degree in finance and multinational business from Florida State University and his law degree from the University of Florida College of Law.
Monte Smith, Advanta IRA Administration, LLC, http://www.advantaira.com, 678-513-8913, [email protected]
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