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 [...]
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 [...]
“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 [...]
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 [...]
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 [...]
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.
A growing investment and strategy in a Self Directed IRA’s are Single Member LLC’s sometimes called IRA LLCs or Checkbook LLCs. Single Member LLC’s present a very unique opportunity for the savvy investor. Single Member LLC’s are often referred to as Checkbook Control LLC’s. This is due to the fact that the IRA owner has the ability to write [...]
Understanding and following the rules of Roth IRA’s is complicated enough in its own right, trying to keep up with the yearly changes makes it even more difficult. Although there weren’t too many changes to IRA rules for 2011 there are a few significant ones that should be noted.
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 [...]