Smart investors are able to extend loans through their self-directed IRAs for nearly anything they deem might prove to be a potentially successful investment.
Atlanta, Georgia (PRWEB) November 04, 2013
In private lending transactions, the self-directed IRA is the bank. As such, the IRA can make loans for mortgages and trust deeds, secured and unsecured notes, and even for things such as judgments and structured settlements. "Smart investors are able to extend loans through their self-directed IRAs for nearly anything they deem might prove to be a potentially successful investment," says Jack Callahan, Managing Partner of Advanta IRA Administration in Atlanta, Georgia. Even better, the lender is able to determine the terms of the loan based on his or her own comfort level.
Profit from private lending is largely realized through earnings on interest rates and this income flows directly into a self-directed IRA on a tax-free or tax-deferred basis.
"Private lending through a self-directed IRA offers benefits for the borrower, as well. The private lender (IRA) is able to provide a loan to the borrower much faster and possibly with more accommodating terms than traditional lending institutions," says Callahan.
The IRA owner has the freedom to choose the loan recipient, dictates the terms of the loan, and also decides whether to provide a secured or unsecured loan. 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.
Advanta IRA Administration is holding a webinar on November 5, 2013, to educate investors on how to successfully use self-directed IRAs to make private loans. Investors of all levels are invited and encouraged to attend.
Event: Webinar—Be the Bank: Funding Notes, Loans and Mortgages Using a Self-Directed IRA
Date: November 5, 2013
Time: 7:00 – 8:00pm EST
Location: Online at no charge.
Register: In advance 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.