Posts Tagged ‘Lending’
October 9, 2014 | 
Author Advanta IRA Hosts Lunch and Learn: Self-Directed IRAs and Private Lending Investments
Tampa, Florida (PRWEB) October 07, 2014
“Private lending transactions allow self-directed IRAs to perform the same actions a bank or other lending institution does in extending loans for mortgages, trust deeds, secured and unsecured notes, and even for things such as judgments and structured settlements,” says Jack Callahan, Managing Partner of Advanta IRA Services in Largo, Florida. A growing number of investors use these accounts to invest in in nearly any type of lending transaction they deem might prove to be potentially successful.
Self-directed IRAs allow account owners total and complete control in choosing their own investments in things they know and understand. Additionally, these accounts allow a myriad of alternative investments besides private lending options. Real estate, precious metals, oil, gas and timber options, foreign exchange and futures trading are just a few popular non-traditional assets used to build income for retirement. .
In private lending transactions, account owners determine the terms of the loan made by their plans—which is how the IRA makes money. The account owner fully vets and chooses the loan recipient, dictates the terms of the loan, and decides whether to provide a secured or unsecured loan. Secured loans are backed by collateral to protect from default. For example, if a note is extended for a mortgage and the borrower defaults, the IRA can take possession of the home. Unsecured loans typically are offered at a higher rate of interest in lieu of collateral. “Profit from private lending is largely gained through earnings on interest rates and this income flows directly into a self-directed IRA on a tax-free or tax-deferred basis,” says Callahan.
Private lending through a self-directed IRA offers benefits for the borrower, as well. The IRA can often provide funds to the borrower much faster, with more accommodating terms than traditional lending institutions.
Advanta IRA Services is holding this lunch and learn to educate investors on how to successfully use self-directed IRAs to invest in private loans. Investors of all levels are invited and encouraged to attend.
Topics to be discussed:
Various types of loans that Advanta IRA’s clients make using their retirement plans
The benefits that can come with private lending
Disqualified persons and the potential pitfalls of private lending
How an IRA can actually be the borrower on a transaction and non-recourse loans
Event: Lunch and Learn—Be the Bank Using a Self-Directed IRA
Date: October 10, 2014
Time: 12:00 – 1:30 pm EST
Location: 13191 Starkey Road, Ste. 9, Largo, FL 33773
Cost: None; lunch is provided
Register: Before 5 pm on October 9th by contacting Larissa Greene by phone at (727) 581-9853 x 1140, or by emailing lgreene(at)advantairagroup(dot)com.
About Advanta IRA
Advanta IRA Services, located in Largo, Florida, has been in operation for over ten years, providing administrative service to owners of self-directed IRAs throughout the Tampa Bay and Sarasota, Florida regions. Advanta IRA Administration offers a second location serving the Atlanta, Georgia area and surrounding regions. Both offices are managed by Jack Callahan, J.D., CFP™. Advanta IRA offers classes, seminars and other educational tools designed to assist clients in managing self-directed IRAs by investing in real estate, notes, private placements and other non-traditional assets that have the potential to maximize IRA earnings on a tax-free or tax-deferred basis.
About Jack Callahan
Jack M. Callahan, J.D., CFP™, is the managing partner at Advanta IRA Services in Largo, FL and Advanta IRA Administration in Atlanta, GA. Jack established the corporate office, Advanta IRA Services, in 2003. Prior to that, Jack delivered specialized counsel to real estate investors, small business owners and real estate professionals on tax, legal and financial matters. As an industry expert, Jack is a frequent speaker on the topic of self-directed retirement plans and an accredited continuing education instructor for the Florida and Georgia Bar Associations, Florida and Georgia Real Estate Commissions, and The American Institute of Certified Public Accountants. He earned his bachelor of science degree in finance and multinational business from Florida State University and his law degree from the University of Florida College of Law.
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Tags: Advanta, Hosts, Investments, IRAs, Learn, Lending, Lunch, Private, SelfDirected | 
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Payday.net Introduces Article Dealing With Lending Policies
(PRWEB) May 18, 2012
To expand its collection of informative articles about payday loans, Payday.net has launched a new online resource with the title “Policy on Responsible Lending.” The site is offering the material with the idea that consumers searching for cash advances should be aware of the policies that will influence the contracts of loan lenders. With this information in hand, prospective loan borrowers can ensure that lenders are following the regulations set down by entities such as the Federal Trade Commission and Consumer Financial Protection Bureau.
“Payday.net strives continually to ensure consumer protection by providing the knowledge necessary for consumers to make informed financial decisions,” says Payday.net spokesperson Chuck Harrison. “Numerous articles detailing the benefits and requirements of a payday loan as well as the security of the application process help us make sure that individuals know that they are able to borrow our loans safely and with complete confidence.”
Payday.net’s “Policy on Responsible Lending” article covers the ins and outs of policies such as the Fair Debt Collection Practices Act, which prohibits lenders from using deceptive or abusive methods of collecting debt from consumers. The page also covers the Truth in Lending Act, which requires lenders to disclose details of their loan contracts, and the Dodd-Frank Wall Street Reform Act, which entitles consumers to nondiscriminatory access to bad credit payday loans. Information on state lending regulations also appears in the new content.
Since 1998, Payday.net has made it a priority to help financially troubled American families and individuals find the payday loans they need to cover emergency expenses. Rather than directly provide funds to those in tight monetary situations, Payday.net aids them in their search for loan lenders. The site’s extensive lender network allows consumers to pick and choose a loan lender contract that works in their best interests.
Filing out an application on Payday.net is a quick and easy process, and once an applicant is approved for a loan and subsequently signs a loan contract, the funds are transferred directly into their checking account by their lender in a swift and secure manner. This is advantageous to consumers who need the emergency funds as soon as possible. Payday.net advises consumers to first investigate the site’s wealth of information concerning cash advances before skipping ahead to the application process. Prospective borrowers can access various educational pieces from the site’s homepage and gain extensive knowledge. In addition to being able to learn about lending polices from the newest article, consumers can read about eligibility requirements, loan rates and fees, and the repayment process, among other topics.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.