I originate private money loans. The source of my funds are individuals through their savings and IRA’s. Here’s the thing: More than likely you know people who have self-directed IRA’s. They may or may not know that they can invest that money in high-yield notes secured by real estate. So here’s what you do: Ask them to loan you money. Seriously! Look, you’ve identified a real estate opportunity that requires capital. You approach your friend or relative who has savings or an IRA and suggest that they can achieve a high-interest return on their savings by loaning money to you secured by a first position deed of trust on real property. If their savings is in a self-directed IRA the income is either tax deferred or tax free.
You negotiate an interest rate that motivates them (be generous), and then you call a professional like me to legally and properly paper the deal. Now, why would you want to call me? What do I bring to the party? How about a third-party professional opinion as to the viability of your plan, along with an unbiased opinion of value? Moreover, I will open escrow and prepare all of the proper loan documents and disclosures in order to establish an arms-length transaction that will give your lender comfort. I will make sure the loan is properly serviced by a leading loan servicing company, who will send you a monthly bill and electronically deposit the interest into your investors account. I’ll bring credibility to your deal and make sure that the loan is properly structured and properly set up so that it complies with IRA investment guidelines and regulations. You find the money and I make it legit. You bring your source of capital to the table and I’ll close the deal. My fee: $995 plus title and escrow. On larger loans and/or deals that require more due diligence I may need to add ½% – 1% of the loan amount.
There’s plenty of money out there. You just need to know where to look and how to ask. For more information call or email me and I’ll help you get started.
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