With the lack of financing opportunities available to some individuals and small businesses, IRA Financial Group’s peer-to-peer lending self-directed IRA LLC solution will allow hard money lenders to make loans and defer the tax
New York, NY (PRWEB) March 30, 2015
IRA Financial Group, the leading provider of self-directed IRA LLC solutions, announces the introduction of the special “checkbook control” IRA LLC solution for peer-to-peer lending investors. The newly designed self-directed IRA LLC solution was introduced specifically for retirement account investors looking to use their IRA funds to make loans to third-parties and generate tax-free returns by making private loans to individuals and small busineeses. Since the 2008 financial crisis, most banks generally require solid credit scores and spend weeks reviewing financial statements, tax returns and business plans. Various nontraditional lenders have stepped into the void. Many of these nontraditional lenders have decided to take advantage of the lucrative private lending financing market targeting individuals and small business owners, and the retirement investors have taken notice. “We are excited to introduce a special self-directed IRA LLC solution for retirement investors looking to take advantage of peer-to-peer lending opportunities," stated Jacky Ospina, a retirement tax specialist with the IRA Financial Group. “With the lack of financing opportunities available to some individuals and small businesses, IRA Financial Group’s peer-to-peer lending self-directed IRA LLC solution will allow hard money lenders with IRA or 401(k) plan funds to make loans and defer the tax due on the returns," stated Ms. Ospina.
The primary advantage of using a Self Directed IRA LLC to make private loans loans is that the loan can be made by simply writing a check. In addition, all income and gains associated with the self directed IRA peer-to-peer loan would grow tax-deferred.
With IRA Financial Group’s self directed IRA peer-to-peer lending solution, traditional IRA or Roth IRA funds can be used to make secured or unsecured private loans to non-related individuals or small business owners. “One of the main advantages of using a self-directed IRA to make peer-to-peer loans is that all interest received from the loan is not subject to tax and the loan can be made via IRA LLC local bank account without the need for custodian consent," stated Ms. Ospina.
IRA Financial Group’s best Self-Directed IRA for peer-to-peer lenders, is an IRS approved structure that allows one to use their retirement funds to make private loans to individuals and small businesses, either secured or unsecured. The advantage of using a self-directed IRA LLC to make a loan is that the loan can be made to any non-disqualified third-party by simply writing a check. The Self-Directed IRA LLC involves the establishment of a limited liability company (“LLC”) that is owned by the IRA (care of the IRA custodian) and managed by the IRA holder or any third-party. As manager of the IRA LLC, the IRA owner will have control over the IRA assets to make traditional as well as non-traditional investments, such as private loans by simply writing a check.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.
IRA Financial Group is the market's leading “checkbook control Self Directed IRA Facilitator." IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.
To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646