Banks or Investment Advisors, what they don't want you to know about your IRA!

By
Mortgage and Lending with Texana Bank

One of the most misunderstood and under-utilized IRA's is the "Self-Directed" IRA.  Here's why: a true self-directed IRA will be one that allows you to purchase Private Mortgages, investment property or invest in private companies.  These are different than the IRA's offered at your bank or investment broker's office that provide the usual stocks, bonds and mutual funds.  Here are a few Self-Directed IRA custodians:

Pensco Trust www.penscotrust.com

Guidant Financial Group www.guidantfinancial.com

Equity Trust Company www.trustetc.com

The Entrust Group www.theentrustgroup.com

Once you decide on your custodian you can roll-over your 401(k) from your previous employer or transfer your current IRA and start making an annual return of 14.9% and more for your retirement , not your brokers.  E-mail or call me for more information, at Trent@HardMoneyMi.com and (877) 854-0602.

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Charles Stallions 09/21/2009 05:16 AM
Tags:
real estate investments
hard money lending
real estate
detroit hard money
note investing
detroit private lending
michigan hard money

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Rainer
62,012
Moshe Cohen
Valuation Solutions - Morristown, NJ
PhD

Risk and return are correlated as we know in Finance.

Sep 12, 2009 10:22 AM #1
Rainmaker
777,718
Michael A. Caruso
Surterre Properties - Laguna Niguel, CA

As a Broker / Owner of my company - I have a Sep-IRA (at Schwab) and always wanted invest in real estate or trust dees...after all it's MY retirement account.

Can I switch to any of those companies and invest into trust deeds or real estate? 

Sep 12, 2009 10:28 AM #2
Rainer
2,813
Marilyn Culver
Keller Willians - Cedar Park, TX

Interesting info.

Sep 12, 2009 11:20 AM #3
Rainmaker
376,452
Trent Dalrymple (248) 854-0625
Texana Bank - Bloomfield Hills, MI
Allowing Mortgage Professionals to Lend Nationwide

Yes, you can transfer your current IRA to any of the custodian's listed  I have several investor/lenders who have their IRA with Pensco, included my wife and several business associates.  What I like about Pensco is the education they provide.  On their home page click on the learning center, plenty of information especially the e-book.  Thanks for the response.

Sep 12, 2009 01:20 PM #4
Rainmaker
376,452
Trent Dalrymple (248) 854-0625
Texana Bank - Bloomfield Hills, MI
Allowing Mortgage Professionals to Lend Nationwide

Risk and return are usually correlated especially when the return is as high as 14.9%, but not always.  With every investment there is a risk, but sometimes the return is greater due to availability in the market.  Since lending has contracted on investment properties, quality borrowers have now had to resort to unconventional lending through private funding.  With conservative underwriting guidelines and proper due diligence, higher rates can be attained without higher risk.   

Sep 12, 2009 02:05 PM #5
Rainmaker
2,387,040
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

There are some great IRAs out there, I utilize mine to also buy real estate as well. I have done pretty good with them.

Sep 23, 2009 03:57 AM #6
Rainmaker
376,452
Trent Dalrymple (248) 854-0625
Texana Bank - Bloomfield Hills, MI
Allowing Mortgage Professionals to Lend Nationwide

Charles,

The IRA that I think is great for real estate is the ROTH.  Purchase the house in the ROTH with a non-recourse purchase loan, using your ROTH funds for the down payment money which entitles your profits to go back to your ROTH tax free and your retirement income is also tax free!

Trent Dalrymple

 

Oct 01, 2009 03:10 AM #7
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Rainmaker
376,452

Trent Dalrymple (248) 854-0625

Allowing Mortgage Professionals to Lend Nationwide
Ask about my fast lending for mortgage brokers
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