Los Angeles, CA (PRWEB) June 25, 2014
While borrowers are having hard time applying for loans through banks these days because of stricter policies, the option to transact with private lenders are becoming the most viable choice. Using real estate property as collateral for the loan, private lenders, including Solo 401 k retirement investors, are clutching to this opportunity for investment using their self employed retirement plans. Below are some tips and ideas on how getting loans using trust deeds from Solo 401 k plan holders can be better than going to banks:
-Private lenders, particularly Solo 401 k owners provide higher approval rates than banks. They require less documentation for trust deed investment and allows for faster processing of loan applications.
-Retirement investors prefer passive investing in which trust deeds and mortgage notes can certainly provide. Retirement investors who don’t want to take responsibility of rental property investment can use trust deeds or mortgage notes as alternative.
-Solo 401 k retirement plan holders benefit greatly from this type of investment. This is because self directed retirement plans allow them to invest in trust deeds and any other types of investment that could help diversify their retirement portfolio.
-Trust deeds investment is secured with real estate property in which retirement plan holders can make sure that their principal investment can be recovered. For investors, they see this type of investment to be low risk compared to stocks and mutual funds.
-Interest rates and fees can be negotiated and most of the time, private lenders offer lower rates than banks.
Sense Financial is California's leading provider of retirement accounts with "Checkbook Control": the Solo 401k and the Checkbook IRA. Over the years, they have assisted hundreds of clients obtain checkbook control over their retirement accounts while providing them with the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval.
To learn more about the solutions they provide, please contact: (949) 228-9393.