Self-Directed
Individual Retirement Accounts
(IRAs)
Self-Directed Individual Retirement Accounts are a great way use your current investment funds for Private Mortgage Lending.
The overall concept is, to rollover your current Roth or Traditional IRA funds into a "Self-Directed IRA" account, which will allow you to decide how and where to invest your funds. Most IRA accounts will only allow you to choose from their network of investment funds.
For Private Mortgage Lending, you simply instruct the manager of your IRA account, who is called a "Custodian," where to send your funds, this is known as "self-directing" your retirement funds.
With Private Mortgage Lending, you would self-direct your funds to the Closing Attorney who is facilitating the loan to SEL-Dixie Capital Investment Group.
After the purchase, the repairs are made, and the subject property is sold, the principal loan amount and all accrued 12% interest will be sent back to your IRA Custodian/returned to your account. Then you can start the process all over again on another property!
There are numerous Self-Directed IRA Custodians for you to choose from, and we will gladly work with your existing plan if you already have one. However, if you have not yet opened a Self-Directed IRA, we recommend The Entrust Group, a nationwide company with several offices in Florida.
We suggest you visit their website to get more detailed information about opening a Self-Directed IRA.
Click on the logo to link to their website:
