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Self-Directed IRA Services

Self-Directed IRA Services

American IRA provides self-directed IRA Services across the United States, and we’re always excited to tell potential clients what makes our company different. For over 30 years, CEO Jim Hitt has committed himself to the investing world in all of its various aspects. Since 1982, Jim has made the most of self-directed IRAs for his own investments, and he’s continues to devote himself to helping others maximize their self-directed IRA retirement funds.

Jim has a knack for purchasing multiple asset types, including financing and acquiring real estate, private offerings, mortgage lending, joint ventures, and more. His creative techniques have allowed him to develop, own, and manage everything from single family homes to million dollar businesses. American IRA’s self-directed IRA services also include educational materials and presentations that teach you how to use your self-directed IRA or 401k to earn tax-free income.

Sean McKay is another valuable member of the team, and he greatly enhances our self-directed IRA services as well. Sean has been investing in real estate for the past 10 years, and he even serves on the Board of Directors for Metrolina REIA, a non-profit organization that provides an avenue for real estate investors to learn and network amongst themselves. Sean especially enjoys the educational component of his work with our clients.

American IRA aims to simplify the processes associated with our self-directed IRA services as much as possible. Setting up or transferring IRA accounts has now been reduced to six simple steps, and we’ll gladly assist you every step of the way. From walking you through account funding to requesting payment authorization forms and depositing income generated from your assets into your self-directed IRA, we aim to make the self-directed experience as investor-friendly as possible!

Click Here for a Full List of all 6 Steps

If you have any questions about opening a new account, contact us at 1-866-7500-IRA(472) or info@americanira.com. If you’d like to transfer your existing portfolio, contact us at 1-866-7500-IRA(472) or transactions@americanira.com.

 

Jim on Google+

What to Look for in a Self-Directed IRA Administrator

If you’re interested in the power and flexibility of a self-directed IRA, American IRA recommends that you perform due diligence as early as possible. For example, when looking for a self-directed IRA administrator, there are a number of aspects to consider; after all, this can greatly affect your IRA account and thus your future retirement!

When looking for a self-directed IRA administrator, you should first consider the company’s total experience level. Are they simply a new startup or do they have decades of relevant investing experience? What quantity of funds have they administered?  For example, American IRA’s CEO Jim Hitt and his team bring over 40 years of self-directed experience to the table, having administered over $250 million. These are crucial elements that help determine reliability levels along with their degree of expertise.

Next, does the firm in question have a solid BBB rating? Also, is their customer service very accommodating? It’s best if they have an A+ rating and don’t lead you down a long chain of phone calls, call routing, etc. For example, we emphasize the fact that you can talk to a live representatives rather than digging through menu after automated menu, contributing to our A+ BBB rating.

American IRA charges a low set fee for unlimited assets and unlimited account values. Other companies charge variable IRA account fees – for example, if you have a large account or high number of assets you may be charged more by other self-directed IRA administrators. Yet again, others administrators assign you a new representative for every call; at American IRA we know who our clients are and you can rest assured that you’re always speaking with an experienced IRA administrator.

These items should help you establish a reliability and service level baseline for IRA administrators so you can make the most informed decision possible.

If you have any questions about opening a new account, contact us at 1-866-7500-IRA(472) or info@americanira.com. If you’d like to transfer your existing portfolio, contact us at 1-866-7500-IRA(472) or transactions@americanira.com

Jim on Google+

American IRA, LLC Thanks Holly Calabro from the TREIA Publicity Committee for Writing That Great Article about Our Recent Self-directed IRA Real Estate Seminar

American IRA, LLC thanks Holly Calabro from the TREIA Publicity Committee for writing that great article about our recent self-directed IRA real estate seminar. Holly’s enthusiasm is contagious as she talks about the wealth of investment possibilities available when people self-direct their IRAs allowing them to invest in trust deeds and mortgage notes, rental property, condos, raw land, lease options, gold and silver, joint ventures, promissory notes, LLC shares, and tax liens.

Jim Hitt, American IRA CEO, exclaims “I was elated to read Holly’s article and to see her enthusiasm coming through the page! Our goal is to educate people so that they can maximize their investment profits through self-directed IRA investing, and we know we have done our job when we see someone come out of our seminar as excited about the process as Holly is! Thank you, Holly! You wrote a great article and we are glad that you are excited about self-directed IRA real estate investing!”

Holly explains the process brilliantly in her article and she is generating interest as we are seeing blog posts with questions and comments on her article. One question she received is “In the above Holly states, ‘you and your IRA are separate entities. The assets owned by the IRA must be handled as passively as possible. For example, if your IRA owns property, you cannot provide any labor for that residence, act as a realtor, or be a property manager.’

“However, later on we see in David’s example, ‘No earned income to qualify for an IRA? Make yourself the property manager for your own properties, collect a small income, and qualify.’

“Is this permitted or not?

“Also, where can I find more info on tax liens in NC? As I understand it, purchasing a tax lien does not transfer ownership in any way?”

This is an excellent question that often comes up. The distinction here is a property that is owned by an IRA and a property that is owned directly by an individual. It is true that a property owned inside an IRA belongs to the IRA and the IRA account holder cannot provide any labor for that residence, act as a realtor, or be a property manager.

When she goes on to say “No earned income to qualify for an IRA? Make yourself the property manager for your own properties, collect a small income, and qualify.”, she is calling out a distinction here. In this case, she is saying that the individual purchases a property on their own with non-IRA funds because they do not have an IRA established. She is then suggesting that that individual take the money they earn and contribute it to an IRA so that they can use that IRA to purchase future properties.

For those that missed this seminar…the entire event was professionally video taped and will be available by year end through the American IRA website at a great price. Of course, American IRA clients always receive educational materials at discounted rates, so if anyone is thinking about opening an account, this is a great time to get started.

American IRA, LLC-A National Self-Directed IRA Provider, Announces E-Signature Is Now Available For Their Forms

American IRA, LLC-a national self-directed IRA provider, announces e-signature is now available for their forms! Clients may now complete their forms online and sign those forms online via the American IRA website…no need to print, scan or fax!

Jim Hitt says, “We have received overwhelmingly positive feedback about this change. Our clients are thrilled with how easy and quick it is for them to fill out and submit their forms. This change has also greatly improved the turn-a-round time in receiving and completing client requests!”

American IRA has chosen EchoSign as their e-signature provider. Here’s an excerpt from the EchoSign website that explains just a few of the reasons American IRA, LLC has chosen EchoSign:

*Legal, Tested & Trusted: Fully compliant with the Federal ESIGN Act, UETA, and the Electronic Commerce Directive, EchoSign provides protection for both the sender and the signer during the signing process including key authentication and privacy, fraud protection, and consumer disclosure.

*EchoSign is secure: All communications sent through EchoSign are encrypted with full 256-bit SSL security, passwords and sensitive account data are encrypted with RSA keys, and their servers are housed in SAAS 70 Type II secured facilities with full redundancy.

*Best practices and improved performance: Contracts can be signed within minutes.

Jim Hitt interjects, “If e-signature and online forms are not for you, worry not. All our forms can be printed out and completed by hand if you prefer. Just open our form and select the option to download the form for printing. This option is located at the top of each e-signature form.”

Sean McKay, Senior VP of American IRA, LLC-A National Self-Directed IRA Provider-Announces A New ‘Real Estate Markets: Memphis Tennessee’ Webinar on August 22nd

Sean McKay, Senior VP of American IRA, LLC-a national self-directed IRA provider-announces a new ‘Real Estate Markets: Memphis Tennessee‘ webinar on August 22nd.

Sean McKay says “Come join us for an educational webinar as we explore the Memphis real estate market and how you can invest in it using your retirement account.”

This webinar will educate individuals on the opportunity to “Self Direct” their retirement accounts. Attendees will quickly realize that self directed IRA’s and Solo 401(k)s are an increasingly popular concept for those that want to invest in assets such as single family homes, condo’s, townhouses, and so much more!

This is a joint webinar with the President of Memphis Cashflow, Hulet Gregory. Memphis Cashflow is a real estate investment firm that will educate attendees on the Memphis market conditions and real estate investment strategies.

This will be a great opportunity to learn about Self Directed IRA’s/401k’s as well as the Memphis real estate market. Look forward to seeing everyone there!

American IRA, LLC-A National Self-Directed IRA Provider Announces A New Real Estate Investors Course In Greenville, SC on Saturday August 25th

American IRA, LLC-a national self-directed IRA provider announces a new real estate investors course in Greenville, SC on Saturday August 25th! ‘DARE’ to succeed by maximizing real estate investment funds through utilization of self-directed IRAs.

“Rule Number One: Don’t Lose Money-Rule Number Two: See Rule
Number One” Warren Buffet

‘D’o people know they can use their self-directed IRA as a source of funds for investing?

‘A’re people tired of the ever tightening regulations when trying to obtain a bank loan?

‘R’ight at this moment successful investors are making profits with their self-directed IRA investments-want to join them?

‘E’ach investor has their own area of expertise in which they do best-is their IRA a potential source of funds for them?

‘DARE’ to succeed by maximizing real estate investment funds through utilization of self-directed IRAs. Join Jim Hitt at this information packed webinar covering:

  1. Promissory Notes, Trust Deeds, and Mortgages
  2. Raising Private Capital Using Unregistered Securities
  3. How to Find Investors
  4. Hard Money Lending
  5. Creative Transactions
  6. And much more…

In addition, there will be actual case studies sharing the story of David G., an American IRA, LLC client. David G. grew a self-directed IRA from $6,800 to $293,000 in 5 short years.

The instructor is Jim Hitt, an Upstate CREIA Member and CEO of America IRA, LLC. Jim has been investing in real estate for over 40 years and has over 20 years experience investing with self-directed IRAs. Join us as Jim shares valuable knowledge and experience in this information packed seminar.

For more information about this event, please click here.

Self-directed IRAs Too Good To Be True? Is This Dead On or Dead Wrong? Jim Hitt, CEO Of American IRA-National Self-Directed IRA Provider Responds To USA Today Article

Self-directed IRAs too Good to be True? Is this dead on or dead wrong? Jim Hitt, CEO of American IRA-national self-directed IRA provider responds to the USA Today article “Investing: Are self-directed IRAs too good to be true?” Jim Hitt says, “You Decide,” isn’t that what America is all about?

The article says “Just because you can do something doesn’t mean that you should. You may be capable of cross-breeding trout with electric eels, for example but you probably shouldn’t”. Cross-breeding trout with electric eels might not be a good idea but cross-breeding donkey’s with horses resulted in a new breed…mules. Mules are sure-footed, hardy, and calmer than horses and less stubborn and smarter than donkeys. Benjamin Franklin experimented with a kite and lighting and this experiment began our understanding of electricity. There are many examples in history of ‘experiments’ that resulted in the modernizations and life improvements that everyone now enjoys.

Jim Hitt interjects, “Just because you can doesn’t mean you should but if you never try then you will never know what great things can happen. I have been an investor for more than 30 years and I can tell you that those who try the hardest, those that do their due diligence and make intelligent investment choices are the ones that experience the greatest success.”

David G. is a client of American IRA who grew a Roth IRA from $6,800 to $293,000 in five short years. This success was achieved by David’s continuous prospecting and tireless advertising along with some very carefully done due diligence. With great work came great success in David’s case.

As the USA Today article says “You can put many types of investments in self-directed IRAs.” There are very few restrictions on the types of investments allowed in a self-directed IRA. A self-directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more!

The article also goes on to warn about the possibility of scams involving self-directed IRA investments. Jim Hitt comments “Risk is not isolated to self-directed IRA investments. Even the professionals missed the $50 billion Bernie Madoff scam and the $7 billion Allen Stanford scam. I would much rather do my own ‘due diligence’. Whether you are investing inside an IRA or outside an IRA, the risk of scams and bad investments is the same. The only thing that changes is where you are pulling your funds from for the investment. Investing, regardless of whether it is inside an IRA or not, requires careful due diligence and consulting with professionals to ensure that your hard earned money is protected. As for the fact that the article calls out there are tax advantages and disadvantages…that is entirely true and that is exactly why you should consult with a tax professional to see if investing with a self-directed IRA fits the investment you have in mind. In most cases you will find that investing inside an IRA is a much more beneficial choice.”

About:

American IRA, LLC was established in 2004 by James C. Hitt in Asheville, NC.

The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Mr. Hitt and his team have grown the company to over $250 million in assets under administration by educating the public that their self-directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more!

As a self-directed IRA administrator they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms ). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term “they” refers to American IRA, located in Asheville, NC.

Home Values Are On The Rise With More People Looking At Real Estate As An Investment Again. Jim Hitt Speaks About Self-Directed Real Estate IRA Investing And The Upturn.

Home values are on the rise with more people looking at real estate as an investment again. Jim Hitt speaks about self-directed real estate IRA investing and the upturn. There has been a significant increase in the number of real estate transactions in the American IRA office.

USA Today reports that “Home values have turned the corner.” American IRA, LLC has noticed a definite increase in the amount of real estate it’s clients are purchasing…a sure sign that the housing market truly has turned the corner.

Second-quarter data showed annual increases in home values in nearly one-third of the metropolitan areas that it tracks, or 53 of 167, as reported in the USA Today article, “Home values have turned the corner, Zillow says” “The window of opportunity is still open but closed slightly. Investing in real estate is still a tremendous value and if you haven’t considered it, it may be time to look at it now.”, says Jim Hitt .

Jim Hitt continues, “Our self-directed IRA client’s who are avid real estate investors, tend to value the real estate based on the Return on Investment (ROI) which means those who purchase the properties in order to rent them out are willing to pay slightly higher amounts than our investors who purchase the properties to re-sell them. With rental demand increasing, rental fees are on a steady incline which means a segment of real estate investors are willing to purchase the homes at higher prices.”

Regardless as to why the upturn in the housing market has occurred it is a much needed long overdue positive sign for the economy.

About:

American IRA, LLC was established in 2004 by James C. Hitt in Asheville, NC.

The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Mr. Hitt and his team have grown the company to over $250 million in assets under administration by educating the public that their self-directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more!

As a self-directed IRA administrator they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms ). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term “they” refers to American IRA, located in Asheville, NC.

Jim Hitt, CEO Of American IRA-A National Self-Directed IRA Provider, Shares Information Regarding The Use Of The Crowdfunding Exemption In The JOBS Act

Jim Hitt, CEO of American IRA-a national self-directed IRA provider, shares information regarding the use of the Crowdfunding exemption in the JOBS Act. The North American Securities Administrators Association (NASAA) have issued an important warning investors should be aware of in relation to crowdfunding.

Here is the NASAA warning:

The NASAA is concerned with the threat of potential con artists, claiming to be crowdfunding brokers or to represent online portals through which future deals must be conducted. “Be aware of unscrupulous persons offering to take fees from you now to help you raise capital over the Internet,” the alert reads. The offers could be a scam because the law has not been implemented yet, said regulators.

For those unfamiliar with crowdfunding, here’s a quick definition: According to accountingtoday.com, “Crowdfunding is the ability for a large group of people to band together and make small investments that collectively are enough to fund a startup company.”

Jim Hitt says, “A self-directed IRA can be used as a funding source for crowdfunding.”

Most crowdfunding is done via the internet via websites such as Kickstarter, Circleup, and Fundable. This is an interesting funding approach that has launched many start up companies of varying success levels. The key with this as with any investment is for people to do their due diligence before investing their hard earned money.

Jim Hitt concludes, “The crowdfunding law has not been implemented yet and looks as though it is a long way off with some experts estimating April 2013 as the earliest date. I can’t stress enough to make sure you do your due diligence and consult with experts before participating in any crowdfunding opportunities.”

About:

American IRA, LLC was established in 2004 by James C. Hitt in Asheville, NC.

The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Mr. Hitt and his team have grown the company to over $250 million in assets under administration by educating the public that their self-directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more!

To learn more about American IRA, LLC and self-directed IRAs/self-directed Solo 401(k)s, please contact our office at 1-866-7500-IRA(472).

As a self-directed IRA administrator they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms ). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term “they” refers to American IRA, located in Asheville, NC.

American IRA, LLC Announces the Opening of Its Atlanta, GA Self-Directed IRA Training Center!

American IRA, LLC announces the opening of its Atlanta, GA Self-Directed IRA Training Center! Jim Hitt, CEO of American IRA, LLC says “We have locations in Asheville and Charlotte and are now adding a location in Atlanta.”

Our Atlanta location will be the venue for numerous training events throughout the year.

Details of the training offered:

  • There will be training for both current clients and those interested in learning more about self-directed IRAs and/or American IRA, LLC.
  • The training will be offered via seminars and classes.
  • The American IRA staff will host private training for groups upon request tailored to the needs of each particular group.
  • Training will cover all levels from self-directed IRA beginners, intermediate, advanced, and creative techniques.

We already have interested parties requesting training at this location for their groups and welcome anyone that is interested in training to contact the American IRA, LLC office with their request.

Training center location: 100 Glendalough Court, Suite D2, Tyrone, GA 30290

Watch our events page for upcoming training opportunities or sign up for our educational e-mail list.

About:

American IRA, LLC was established in 2004 by James C. Hitt in Asheville, NC.

The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Mr. Hitt and his team have grown the company to over $250 million in assets under administration by educating the public that their self-directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more!

To learn more about American IRA, LLC and self-directed IRAs/self-directed Solo 401(k)s, please contact our office at 1-866-7500-IRA(472).

As a self-directed IRA administrator they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms ). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term “they” refers to American IRA, located in Asheville, NC.