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 [...]
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 [...]
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 [...]
There are opportunities for small investors to participate in these bank distressed notes. Many private equity firms like Silverleaf Advisors specialize in the techniques listed above. These companies will do all of the collateral and legal due diligence and will handle 100% of the day to day management. Silverleaf engineers and manages the foreclosure process to and has successfully reduced the foreclosure time to maximize returns. Doug Hannah of Silverleaf states, “Our company handles the leg work for our investors, so they don’t have to be an experts in purchasing notes. After purchasing over 125 notes, banks continue to bring us additional product as qualified buyer of these instruments.
Firms like Silverleaf have capitalized on these markets early and netted very positive returns for their investors over the last 3 years.
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 [...]
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 [...]
When someone hears 1031 exchange, they think real estate, but 1031 is incredibly diverse and flexible with a little planning. One sector of 1031 exchange that has really taken off is GOLD. Yes, you can exchange gold for other gold. Why exchange gold? If it is done properly, you avoid all the taxable gains on [...]
If you are under 59.5 years old, you are probably aware that you cannot take distributions from your IRA without paying a 10% penalty to the IRS for early withdrawal. However, there are situations that would allow for penalty free distributions. Keep in mind, unless it is a Roth IRA, you will still have to [...]
The Pension Protection Act of 2006 permits individuals to distribute up to $100,000 directly from an IRA to a qualifying charity without having to recognize the taxable implications of the distribution. - Who is eligible for a QCD? A qualified charitable distribution is eligible from any traditional IRA as long as the individual account owner [...]