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Workshop: Be the Bank with Your IRA (Tampa Bay)
February 23, 2018 @ 12:00 pm - 1:30 pm| Free
Private lending is growing in popularity as an investment in IRAs. Your retirement account can play the part that a bank would in extending notes and private mortgages to those needing funds. The borrower can use this capital to purchase a home, a car, or possibly use it to invest into something they want to acquire to earn income.
These transactions offer great benefits for all parties involved. Your IRA earns tax-sheltered income on the interest of the loan, and the borrower is able to get needed cash and avoid the red tape of mainstream lending institutions.
As the IRA owner, you call the shots and get to choose who your IRA lends money to, set the terms of the loan, and decide if you’ll extend a secured loan backed by collateral or an unsecured loan with a higher interest rate.
Join us and we’ll show you both the benefits and risks of private lending using real examples of transactions that we have seen at Advanta IRA.