With banks continuing to limit real estate financing to investors, our clients have taken advantage of this and have been able to generate strong returns in the private lending market,
New York, NY (PRWEB) February 18, 2015
IRA Financial Group, the leading provider of “checkbook control” self-directed IRA LLC solutions has seen a surge in demand from self-directed IRA investors looking to take advantage of strong returns in the hard money lending market. Due to the lack of bank mortgages available and the added restrictions imposed by banks on borrowers, many home buyers and real estate developers have turned to private mortgages for a source of funding. We have experienced significant demand for a specialized self-directed IRA product that focuses on the private lending industry, specifically in the real estate industry, “ stated Jacky Ospina, a retirement tax specialist with the IRA Financial Group
In 2014, the self-directed IRA LLC solution was used by many IRA Financial Group clients looking to take advantage of attractive returns available for private financing of real estate transactions. “In 2014, a significant number of IRA Financial Group clients have used their checkbook IRA LLC solution to provide private mortgages to home buyers and real estate developers at very attractive rates, “ stated Ms. Ospina.
The primary advantage of using a real estate IRA LLC to make hard money 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 hard money loan would grow tax-deferred.
With IRA Financial Group’s self directed IRA LLC for hard money lending transactions, traditional IRA or Roth IRA funds can be used to buy real estate throughout the United States and globally in a tax-deferred account by simply writing a check. “With banks continuing to limit real estate financing to investors, our clients have taken advantage of this and have been able to generate strong returns in the private lending market, “ stated Ms. Ospina.
IRA Financial Group’s Self-Directed IRA LLC for private lending transactions, is an IRS approved structure that allows one to use their retirement funds to make hard money and real estate loans tax-free and without custodian consent. The Self-Directed IRA LLC involves the establishment of a limited liability company (“LLC”) that is owned by the IRA (care of the Roth 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 hard money loans by simply writing a check
Using IRA Financial Group’s self directed IRA LLC with “checkbook control” solution to make hard money loan investments offers hard money lenders the ability to make loans i quickly without any custodian delay. “By using a “checkbook control” self-directed IRA LLC our clients have been able to make hard money loans quickly and without any custodian delay,” stated Mr. Bergman.
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.