Advanta IRA Hosts Event: Be the Bank—Self-Directed IRAs Can Invest in Notes, Loans and Mortgages

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Successful investors understand diversity is essential within retirement portfolios, and the money they make off the interest and other terms making private loans using self-directed IRAs can garner substantial income towards retirement. There are a few spots left in this popular event regarding private lending on July 22nd at Advanta IRA’s Largo, Florida location.

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Savvy investors use self-directed IRAs to make private lending investments for nearly anything they deem might prove to be a potentially successful investment.

In private lending transactions, the self-directed IRA plays the part a bank or other lending institution would in extending loans for mortgages, trust deeds, secured and unsecured notes, and even for things such as judgments and structured settlements. “Savvy investors use self-directed IRAs to make private lending investments for nearly anything they deem might prove to be a potentially successful investment,” says Jack Callahan, Managing Partner of Advanta IRA Services in Largo, Florida. 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 both 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 Services is holding this seminar on July 22nd to educate investors on how to successfully use self-directed IRAs to invest in private loans. Investors of all levels are invited and encouraged to attend.

Topics to be discussed:

  •     Various types of loans that Advanta IRA has seen clients make out of their IRAs
  •     The benefits that can come with private lending
  •     Disqualified persons and the potential pitfalls of private lending
  •     How an IRA can actually be the borrower on a transaction and non-recourse loans

Event: Seminar—Be the Bank Using a Self-Directed IRA
Date: July 22, 2014
Time: 6:00 – 7:30pm EST
Location: Advanta IRA Services, 13191 Starkey Rd., Ste. 9, Largo, FL 33773
Register: In advance by contacting Larissa Greene by phone at (727) 581-9853 x 1140, or by emailing lgreene(at)advantairagroup(dot)com.

About Advanta IRA

Advanta IRA Services, located in Largo, Florida, has been in operation for over ten 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.

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