Advanta IRA Trust – Real Estate IRAs

For Immediate Release – February 1st, 2012- AdvantaIRA Trust, LLC is excited to announce the expansion and opening of their newest office in the Miami area. AdvantaIRA specializes in Self Directed IRAs specifically real estate IRAs and private lending in IRAs. Advanta has been in business in Florida for over 9 years with offices in Fort Myers and Gainesville. The new South Florida office will be located at 950 South Pine Island Road,. AdvantaIRA prides itself on tremendous service and enthusiasm to help clients meet their financial goals. The new office will be led and managed by Kevin Collins, an experienced professional in the Alternative Asset Industry. The Miami phone number is 786-275-5870

For more information on AdvantaIRA Trust and the services they offer go to www.AdvantaTrust.com

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. Read the rest of this entry »

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. Read the rest of this entry »

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. Read the rest of this entry »

The 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. Read the rest of this entry »

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. 

Read the rest of this entry »

On many occasions, I have been contacted by a client who wants to purchase a future home with their IRA.   Many have the misconception that once they turn 59.5 years old, they can live in the home.   It is possible to purchase a home with your IRA and eventually live in that home, but it is not as simple as just reaching an age milestone.  

Read the rest of this entry »

IRA Contribution FAQs

Contribution limits change from year to year and it’s important to keep track of the rules whether you have an IRA or are looking to open one. We’ve provided a simple FAQ to help you understand and manage annual contributions to your IRA.

• What is an IRA contribution?
  An IRA contribution is the deposit of personal funds into your IRA. You can make contributions in the form of a check, wire, or ACH (direct deposit). The IRS limits the dollar amount that you can contribute to your IRA each year, and this amount varies based on the type of plan you have. Click Here for 2010 and 2011 Contribution Limits
• When are my contributions due?
  Contributions must be postmarked on or before April 15 to count towards the previous year’s taxes. However, this year contributions must be postmarked on or before April 18, 2011 due to Washington D.C.’s observance of Emancipation Day.
• Can I file for an extension?
  Tax-filing extensions do not apply to your IRA, which means that your contributions must be deposited on or before April 18th, 2011.

Read the rest of this entry »

In our changing economic times, it is more important than ever to focus on our retirement planning and financial futures.  For most of us, we have never seen the wild ride that the financial markets have shown us the last few years.  Just as we check our calories, blood pressure and weight on a regular basis, how are we doing with our finances?   It may be time for a routine check-up.

Studies have shown us the average American spends more time annually on vacation planning than on financial planning.  There was also a survey by Aetna claiming 31 percent of pre-retirees would rather clean their bathroom or pay bills than plan for retirement.  Allstate used to have an ad that claimed last year Americans spent 19 hours planning for their retirement. That’s about the same amount of time they spent planning their Thanksgiving dinner. 

So how do we get started and what are our choices today?  Unfortunately, retirement planning is not something the faint of heart can jump right into, but it can be done and with a little practice, it does get easier.  Here are some tips:

Read the rest of this entry »

The Entrust Cruise returned this weekend with rave reviews for its first Self Direction at Sea Cruise. Over 60 investors attended this four day Cruise from Tampa to Cozumel. While the weather was a little sassy, spirits were high for the fourteen hours of free seminars the investors attended. Dave Owens, Managing Member of Entrust Freedom was very thankful for positive response on the new event that the attendees provided. The Cruise was on the Royal Caribbean Radiance of the Seas. Fun was had by all.
Entrust was lucky enough to have 4 great speakers including Dyches Boddiford, Larry Loftis, Tracy Rewey and Fred Rewey. Dyches had two great sessions on IRA investing in an LLC and Prohibited Transactions. Dyches Boddiford is one of the foremost experts in Self Directed IRA and Strategies in the United States. Larry intrigued the crowd on how to invest in his specialty – tax liens and deeds. Tracy focused on Buying and selling cash flow notes and Fred discussed maximizing income strategies with notes. Attendees commented on the wealth of knowledge the speakers brought to this first time event. Read the rest of this entry »