Advanta IRA Holds Webinar: Be the Bank—Self-Directed IRAs and Private Lending Options

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Diversity is essential to successful retirement portfolios and many investors know the money they make off the interest and other terms making private loans using self-directed IRAs can garner substantial returns on investments. Advanta IRA is offering this nationwide webinar on August 19th to teach individuals how these accounts can invest in notes, loan, and mortgages.

self-directed ira, real estate investments
Private lending transactions allow self-directed IRAs to essentially 'be the bank' in extending loans for mortgages, trust deeds, secured and unsecured notes, and even for things such as judgments and structured settlements.

“Private lending transactions allow self-directed IRAs to essentially “be the bank” in extending loans for mortgages, trust deeds, secured and unsecured notes, and even for things such as judgments and structured settlements,” says Jack Callahan, Managing Partner of Advanta IRA Services in Largo, Florida. Savvy investors use these accounts to acquire investments in nearly any type of lending transaction they deem might prove to be potentially successful.

The account owner determines the terms of the loan made by the self-directed plan based on his or her own comfort level. 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. For example, if a note is extended for a mortgage and the borrower defaults, the IRA can take possession of the home. Unsecured loans typically are offered at a higher rate of interest in lieu of collateral. Profit from private lending is largely gained 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,” says Callahan. 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.

Advanta IRA Services is holding this webinar on August 19th 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: Webinar—Be the Bank Using a Self-Directed IRA
Date: August 19, 2014
Time: 12:00pm – 1:00pm EST
Location: Online
Cost: None
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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