DUE DILIGENCE DUE DILIGENCE DUE DILIGENCE DUE DILIGENCE!!!! I just spent the last 2.5 years digging my father in law out of his SDIRA nightmare bec he failed to complete due diligence for years with many loans. Complete disaster! Massive money lost all bec he thought he could handle this on his own. A smart SDIRA manager is essential to protect careless people from themselves.
Agreed. this is why we love what we do and have helped thousands of clients avoid this. Check out our company Directed IRA and learn more about our services www.directedira.com
My first statement was not correct. I meant to say that it is my understanding that a hard money lender in Arizona is not allowed to charge points unless they have a mortgage broker's license. You can loan all the private money you like in Arizona without a mortgage broker's license as long as no points or fees/charges that could be considered points are assessed.
I have loaned hard money in Arizona for 5 years. It has always been my understanding that a private lender is not allowed to loan money in Arizona without a mortgage broker's license. In addition, it it is my understanding that Federally the Dodd Frank act does not allow any private party without a mortgage license to lend to an owner occupant of a residence. This webcast seems to violate both of those rules. What am I missing here?
Very informative video. When it comes to fees incurred for title insurance, hazard insurance, preliminary title reports, attorney fees, etc., is all that paid out of the self directed IRA/401k as transaction related expenses?
very informative. thanks. if you use 3rd party loan servicing and mgmt providers, are those costs shifted to the borrower via the SDIRA or do you pay out of pocket? if the latter, would it make sense to have a LLC outside the IRA to manage it and claim the deductions?
I have read your book twice. I absolutely loved it. Now I am investing using my self directed IRA for investing
This was an excellent video. Very informative with lots of good information for new investors ho are thinking about hard money lending.
Thanks!
DUE DILIGENCE DUE DILIGENCE DUE DILIGENCE DUE DILIGENCE!!!!
I just spent the last 2.5 years digging my father in law out of his SDIRA nightmare bec he failed to complete due diligence for years with many loans. Complete disaster! Massive money lost all bec he thought he could handle this on his own. A smart SDIRA manager is essential to protect careless people from themselves.
Agreed. this is why we love what we do and have helped thousands of clients avoid this. Check out our company Directed IRA and learn more about our services www.directedira.com
Great video! Would love to see a hard money lending on boats/repairs .
Awesome video!
Thanks!
My first statement was not correct. I meant to say that it is my understanding that a hard money lender in Arizona is not allowed to charge points unless they have a mortgage broker's license. You can loan all the private money you like in Arizona without a mortgage broker's license as long as no points or fees/charges that could be considered points are assessed.
I have loaned hard money in Arizona for 5 years. It has always been my understanding that a private lender is not allowed to loan money in Arizona without a mortgage broker's license. In addition, it it is my understanding that Federally the Dodd Frank act does not allow any private party without a mortgage license to lend to an owner occupant of a residence. This webcast seems to violate both of those rules. What am I missing here?
Very informative video. When it comes to fees incurred for title insurance, hazard insurance, preliminary title reports, attorney fees, etc., is all that paid out of the self directed IRA/401k as transaction related expenses?
very informative. thanks. if you use 3rd party loan servicing and mgmt providers, are those costs shifted to the borrower via the SDIRA or do you pay out of pocket? if the latter, would it make sense to have a LLC outside the IRA to manage it and claim the deductions?