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Romney’s IRA is Self-Directed

19 January 2012, 7:32 pm

There was an interesting article in today’s Wall Street Journal that detailed Presidental hopeful Mitt Romney’s IRA and what he owns in it.  Low and behold Mitt has a self-directed IRA.  Mitt holds several private and alternative investments.  Most notably in his portfolio is a Bain Capital shares or membership interest.

Mr. Romney has a excellent tax planning team that has layered his investments for liability protection and tax sheltering.  The article was correct on many key facts.  The article pointed out the IRAs that own businesses are subject to UBIT tax.  They were not sure if Mr. Romney was paying UBIT becasue of the offshore corporation that was set up for asset protection. I would assume he is not paying UBIT because that is the way the law does not require if if you own an offshore corporation. Continue reading ‘Romney’s IRA is Self-Directed’ »

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For Immediate Release – Freedom is now AdvantaIRA Trust

1 January 2012, 1:12 pm

Dear Friends,

I just wanted to send some great news. Effective tomorrow, we will be transitioning to a new and better business structure. For the last nine years, we have been affiliated with a company out of California where we shared resources, systems and marketing. Because of the economy and other factors, we have mutually agreed that it is in our best interest to operate separately. Effective December 31st, we will be known as AdvanatIRA Trust, LLC. Our goal is to continue as the leader in Self-Directed IRAs. Continue reading ‘For Immediate Release – Freedom is now AdvantaIRA Trust’ »

Filed under Real Estate IRA, Self Direction, Uncategorized. Tagged , , ,
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Season’s Greetings from Uncle Sam

11 December 2011, 7:49 pm

It’s the Most Wonderful Time of the Year… time for tax invoices! Now is the time of year that our local counties start mailing those much loved property tax invoices to real estate owners. Recently, we have seen a huge spike in the number of tax invoices submitted for payment. As Real Estate is one of the most popular investments in self-directed retirement plans, we expect to see many more. Have you received your early holiday present this year? If you have a retirement plan invested in real estate, chances are that you already have. Many clients have called in with questions in regards to property taxes and how or if they should pay them. Firstly, if you have invested in Real Estate using your retirement plan, keep in mind that all expenses associated with the property must be paid by the retirement plan. Continue reading ‘Season’s Greetings from Uncle Sam’ »

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Notes in an IRA – Solid Returns in a Weak Economy by Dave Owens, CPA, CES

2 December 2011, 10:47 am

“Dave, what can I invest in to get some better returns?” – This has to be one of the most common questions I get.  Who wants to get 1 percent on a CD? Everyone wants the perfect investment.  While I don’t sell products and I don’t get a commission, I will tell you a solid investment for the Self Directed IRA investor is private lending.  All interest paid to the private note is tax free to the IRA (or lender in this case).

What is investing in notes or private lending?  While no investment is guaranteed, notes give investors the ultimate control.  Let me give you a quick example of private lending with an IRA.  Most investors do not know that you can be
the bank.  Your IRA account can lend money to non-related parties. Continue reading ‘Notes in an IRA – Solid Returns in a Weak Economy by Dave Owens, CPA, CES’ »

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AdvantaIRA Holds Royal Palm Square Food Drive

2 December 2011, 10:44 am

For immediate release  – December 3, 2011 – AdvantaIRA Trust, LLC is proud to assist in organizing the Royal Palm Business Association Food Drive for the Harry Chapin Food Bank.  Over 25 local businesses in the Royale Palm Square Blvd Area of Fort Myers are collecting food for the holidays.  The final collections will be December 15.  If you would like to make a donation please stop by the main drop off point at 1520
Royal Palm Square Blvd #320 in Fort Myers.  AdvantaIRA and its staff will come to your office for pickup if you would like to contribute. No Hunger for the Holidays is the theme of this year’s
food drive.

For further information about the AdvantaIRA contact Amy Blanco, or visit the company website at www.advantaTRUST.com or call (239)-333-1031.

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South Florida Leads the Way in Real Estate IRAs

22 November 2011, 4:14 pm

Self-Directed IRAs offer investors unique opportunities to diversify and purchase tangible assets in retirement accounts. Several Real Estate IRA companies have combined efforts to track investment purchases of
real estate or real estate type assets in IRA accounts in Florida.  Real estate type assets would include notes/mortgages (private lending), tax certificates or LLCs that purchase real estate. Continue reading ‘South Florida Leads the Way in Real Estate IRAs’ »

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Banks offer Once-in-a-lifetime Opportunities for Private Investors

13 October 2011, 10:58 am

accounting frim 150x150 Banks offer Once in a lifetime Opportunities for Private InvestorsThe old saying goes opportunity is the mother of invention, and it definitely holds true for investors in today’s economy .  The bank’s pain can be an investor’s gain. We have seen many IRA investors purchase bank foreclosures or REOs, but there is another opportunity with a large upside available to investors.

Many banks have decided not to hold their troubled debt properties to foreclosure, and have opted to instead sell the note and mortgage as an asset.  These troubled debts are usually sold at a deep discount, offering the investor great opportunities.  Different scenarios for the investor include restructuring the debt with the borrower, or holding the note to complete the foreclosure process.  While this investment strategy is not for the new investor,  it can be a smart move if you get professional due diligence on the asset. Continue reading ‘Banks offer Once-in-a-lifetime Opportunities for Private Investors’ »

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Retirement Reality on August 8th

10 August 2011, 4:24 pm

How many times have you heard it said we live in the greatest country in the world?  We have running water in every building, store shelves are stuffed to the hilt, and pretty much the best health care in the world. We are not perfect, but we have it pretty good.

Today, we had one of the largest drops in stock market history. For retirees and soon to be retired, this is their worst nightmare.  The last five years have been a disaster that continues to have no resolution in sight. Who would have ever believed it would come to this?  I heard CNN blame Europe for much of our economic problems the last week, but our own house is a mess, and there is no leadership in sight from either party. Continue reading ‘Retirement Reality on August 8th’ »

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Seller Financing and 1031 Exchanges

2 August 2011, 2:28 pm

We are often asked if a client who is doing an exchange can offer seller financing to the buyer, and still take advantage of the benefits of doing a 1031 exchange. 

Should you decide to do seller financing with your relinquished property, it is important to note that the loan must be paid off prior to closing on the purchase of the replacement property(s).  The Qualified Intermediary would be listed as the Lender.  Any payments made would be made payable directly to the QI and sent to them to deposit into the escrow account that they have established for your exchange.

Continue reading ‘Seller Financing and 1031 Exchanges’ »

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Entrust Freedom Raises the Bar in Client Service

5 July 2011, 1:15 pm

As part of their quarterly goal process, Entrust Freedom set a new goal last quarter based on client compliments.  For this past quarter, the goal was to score at least 15 in the category of Client Service.  For every compliment we received from a client or colleague, Entrust would give itself 1 point.  For every negative comment or complaint, they would get a -3.  Entrust Freedom has always prided itself on providing superior service, and going above and beyond client expectations, but never tracked it in this way.  It gave us the opportunity to reinforce one of our core company values, which is to Constantly Evolve to Improve and Grow. 

Continue reading ‘Entrust Freedom Raises the Bar in Client Service’ »

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