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Using Your IRA

Have An IRA Or Pension Plan?bagmoney

Put those funds to use earning better returns with less hassle.

Making real estate loans is a widely accepted use for IRA’s and other Retirement Plans.  However, most people do not know that you can make private mortgage loans using the funds which are already in your IRA’s and other retirement plans rather easily.

Think of the power of loaning out funds at high interest rates that are Tax free or Tax Deferred!

What You Need To Do First

If you have an IRA or retirement account that you want to begin using to earn better returns as a private lender, there are two things you should do:

  1. Fill out our Private Lender Questionnaire so we can provide you the information you’ll need to make a well informed decision.
  2. Ensure that you roll your  IRA over into a “Self-Directed” IRA account.

In order for you to use retirement accounts for loans they must first be administered by a third party custodian. We have many clients who are very happy with a company called  Equity Trust Company. You can visit them on the web at Neither Ben Stern or Realty Wholesalers, Inc has an interest in Equity Trust Company.

After selecting your custodian, you simply send a transfer form to them and they’ll do all of the work for you.  Or, if you work with Guidant Financial, you have what’s called “true checkbook control” and receive a checkbook from which you can write checks directly from your IRA account, without the sometimes lengthly custodial approval process that goes with so many other costodians. Once you’ve done that you are ready to make private mortgage loans.

A Simple Process

As you can see, the process of using your IRA to earn better returns as a private lender is much more simple than it seems.

Roll your IRA over into a Self-Directed IRA using the custodian of your choice, and you’re good to go.