In today’s economy, it can be really tough for many people to get a loan for a home or small business. Loan requirements are really strict, and this tightening of the purse strings can crush many dreams. If you are looking for an alternative way to invest your money, consider self-directed IRA lending.
Using your self-directed IRA for private lending allows you to loan out money to people who need it, and earn interest on the loan at the same time. This type of win-win situation isn’t just smart, it’s brilliant, and knowing that you are helping others is an added benefit that you just can’t get from a mutual fund.
If you think that private IRA lending is right for you, your first step should be to open a self-directed IRA account with a company you trust, like American IRA. A self-directed IRA means that you control where your money goes. With a traditional IRA, an investor decides which mutual funds and stocks to invest in, and private lending is out of the question. When you invest your money in a self-directed IRA, you can make money how, when and where you want to.
One nice aspect of lending your money privately with a self-directed IRA is that you get to decide who you lend your money out to! Do you have a friend or family member who is a qualified borrower? When you act as a private lender you can make the borrowing process easy and effortless for them, as long as the investment and/or family member is not prohibited.
Interested in helping others by becoming a private lender? Talk to the experts at American IRA about self-directed IRA services for individuals. Click here for more information about using your IRA for private lending, or call 1-866-7500-IRA(472) to speak with an American IRA representative.
If you have any questions about opening a new account, contact us at 1-866-7500-IRA(472) or [email protected]. If you’d like to transfer your existing portfolio, contact us at 1-866-7500-IRA(472) or email@example.com.