loans against ira
Is Your IRA earning you a return of 11 to 13 percent each year?
Why not?
This could be the most important information you receive this year.
Your IRA is probably like most everyone else’s…managed by someone you don’t even know. Even if this person that you have never met happens to be very good at choosing mutual funds and individual stocks for your IRA, chances are the best return you’ll ever see is 10 percent or less. That will probably not even be consistent. It’s better than a CD, yet nowhere close to the best.
How can you do any better? You don’t have to know a thing about stocks to do better.
Private Mortgage Lending With a Self-Directed IRA
You can lower your risk and get a more competitive return by transferring your present IRA funds to a self-directed IRA and change your whole retirement standard of living.
IRAs are allowed to invest in almost anything except (under current law) collectibles, life insurance policies and S corporations. Just
about every other type of investment is allowed.
There is Big Money…
What is Private Mortgage Lending? Private mortgage lending is when you, a private individual, get to be a bank for another private party who desires to buy real estate. This doesn’t mean you loan your IRA funds to anyone. You can loan them to real estate investors or real estate foreclosure investment firms, who are happy to pay competitive rates of return for your money.
Typically they only need a short-term loan, somewhere in the neighborhood of 6 to 12 months. They are in the business of finding and purchasing properties priced far below market value. These investors need to act quickly. Banks and traditional institutional lenders usually are not geared to work in these types of situations.
There is Security…
In these instances you are loaning money against real estate as collateral. The property under goes various steps of due diligence to make sure it is a good investment to minimize any risk. If the property is not a good investment for the lender, then it is definitely not an acceptable property for the real estate investment professional. The loan is secured with a first position mortgage, hazard insurance and title insurance.
There is Little For You To Do…
Real estate investment firms always have viable projects that need funding. They do the ground work such as finding the deal, negotiating the purchase price down, determining the after repair
value, pulling the title report to see if there are any other liens, checking out the neighborhood, and calculating the cost of rehab.
Then they contact you and present a complete package for your consideration.
You Must Like the Presentation Package or Just Say No.
These companies only work with a select number of qualified investors. If you are not pleased with the terms of the investment, you always have the option to walk away.
Your money is transferred between the custodian whomanages your IRA funds to the title company, which will receive the wired funds from your IRA custodian prior to closing. An attorney or escrow
officer actually closes the loan.
The real estate investment company is the deal maker. They bring the investment opportunity to their private mortgage lenders. This is
a safe and easy way to make more money for you retirement without having to know a lot about investing.
About the Author:
Travis Millward, a Private Lending Professional, has engineered a breakthrough investment
vehicle that will accelerate your wealth. He creates lucrative opportunities for
individuals desiring secured double-digit returns. Let him show you how to increase the
potential of your hard earned money through Private Mortgage Lending. There’s no time to
waste – the deals are hot right now.
Visit PrivateLendingEtc.com!
Article Source: ArticlesBase.com – Is your IRA Earning 11 to 13 Percent Annually?
Self Directed IRA Custodian :: Real Estate IRA :: Rollover 401k
