The above rate is typical for many today. And they just put up with it because of lack of knowledge. Well, I educate others that there is a way to earn better with collateral as security.
I’d like to go over a few key points regarding how my Money Partners use a self-directed IRA balloon their retirement accounts. Most of my Private Money Partners utilize a self-directed IRA account to loan money to me for real estate purchases.
If you currently have an IRA it qualifies to be partially or entirely rolled over to a self-directed IRA.
A self-directed IRA allows you to completely choose the investment you want to invest in. Hence the reason why my Money Partners utilize this type of account.
I present the details of any house that I am considering purchasing and they get to choose to invest in the deal if it is a fit for them. So the immense amount of control my Private Money Partners have is very important!
This property also serves as the collateral for the funds they allocate to me. Oh by the way, does Wall Street provide collateral? Yea right…
Therefore, if their self-directed IRA issues the cash that allows me to a purchase a property, then their self-directed IRA is due all the consideration or income stream during the life cycle of the loan.
********************************* If you are reading my blog for the first time, let me inform you that… My company buys single-family houses and I write this blog bi-weekly which is primarily directed to educate 1 group of individuals:
Individuals who are losing their shirt as a result of the “roller coaster” volatility of the stock market and low paying rate of other traditional investments, i.e. people that are looking for an opportunity that’ll provide a secured place to put their money to get it working for them to earn better than average returns.
However, often times, homeowners that need to sell their house, stop by to take a peek because they are curious and wondering how and/or where we get the funding to purchase houses. And if they stick around long enough, they begin to understand why individuals partner with us to provide the funding which empowers us to be able to purchase real estate on a continual basis. Simple, it’s because we teach them a secured way to earn better rates of return than they are currently earning.
Request your FREE Education Kit if you are interested in learning how passively investing in real estate may help place you in a better financial position.
Disclaimer: This site is intended for educational purposes only. I am not an accountant, attorney or licensed financial planner. While the information I’m writing here is based on many years of experience buying houses that doesn’t really constitute professional advice (since everyone’s experiences and situations are different).