Hard money lending specialized self-directed IRA was designed specifically for hard moneylenders and real estate investors.
IRA Financial Group, the leading provider of self-directed IRA LLC solutions, announces the introduction of the special self directed IRA LLC solution for hard money lenders. The special hard money lender self-directed IRA LLC solution was introduced specifically for hard money lenders in the real estate industry in order to take advantage of the attractive returns available for private financing of real estate transactions. “We have experienced significant demand for a specialized self-directed IRA product that focuses on the hard money lending industry, specifically in the real estate industry,“ stated Adam Bergman, an in-house tax attorney with the IRA Financial Group. “IRA Financial Group hard money lending self-directed IRA LLC solution will allow hard money lenders with IRA or 401(k) plan funds to make loans and defer the tax due on the returns,“ stated Mr. Bergman.
The primary advantage of using a Self Directed IRA LLC to make hard money loans is that the loan can be made by simply writing a check. In addition, all income and gains associated with the self directed IRA hard money loan would grow tax-deferred.
With IRA Financial Group’s self directed IRA hard money lending solution, traditional IRA or Roth IRA funds can be used to buy real estate throughout the United States and globally in a tax-deferred account by simply writing a check. “Even with real estate prices increasing, our clients are still finding attractive real estate opportunities for the self-directed IRA LLC and gaining the opportunity to move quickly on a potential investment, “ stated Adam Bergman, an in-house tax attorney with the IRA Financial Group. “Using a Self Directed IRA LLC to buy real estate presents a number of exciting tax planning opportunities, “ stated Mr. Bergman.
IRA Financial Group’s Self-Directed IRA for hard money lenders, is an IRS approved structure that allows one to use their retirement funds to make hard money and real estate loans tax-free and without custodian consent. The Self-Directed IRA LLC involves the establishment of a limited liability company (“LLC”) that is owned by the IRA (care of the Roth IRA custodian) and managed by the IRA holder or any third-party. As manager of the IRA LLC, the IRA owner will have control over the IRA assets to make traditional as well as non-traditional investments, such as hard money loans by simply writing a check
Using IRA Financial Group’s self directed IRA LLC with “checkbook control” solution to make hard money loan investments offers hard money lenders the ability to make loans i quickly without any custodian delay. “By using a “checkbook control” self-directed IRA LLC our clients have been able to make hard money loans quickly and without any custodian delay,” stated Mr. Bergman.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.
IRA Financial Group is the market’s leading “checkbook control Self Directed IRA Facilitator. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.