1. Becoming The Bank
With your IRA

3. Who we are We’ve been active investors for 20+ years
We have operated a successful private
mortgage lending business since 2011
We have a combine mortgage lending
experience of 50+ years
Licensed real-estate broker in two
states for 30 years
We’ve been active investors for
20+ years
We have managed a private pool mortgage
fund for accredited investors since 2014

4. Finance Basics, Borrower Risk

5. Finance Basics,Collateral

6. Lowest Risk to Highest Owner- occupied single family
Single purpose commercial or raw land

9. Why is lending from your IRA beneficial?
You control the asset without
being responsible for it
Lets start with taxes
It’s more Liquid
Lower risk

10. Who do I lend to? Someone you Know, Like & Trust Legal Entity
Not family

11. OPM
Other Peoples Money
How Much Money Do I Need?
Not much-Arbitrage

12. What Documents should I use?
Hazard or builders risk insurance
Assignment of rents
Get title insurance
Use an attorney

13. How Do I Conduct Due Diligence?
Borrower
Property
Appraisal
subject to completion & as is
How Do I Conduct Due Diligence?
Credit & background check
Entity documentation
Validate repair cost
Identification proof
Income & assets
Inspection

14. Who Services The Loan? You can pay a servicer Charge a late fee
You collect

15. How Do I handle Rehab Funds?
Inspections every time
Released in arrears
Separate account

16. How Do I Come Up With a Payoff?
Principle and interest
Interest only
Use the Bret Whistle calculator
How Do I Come Up With a Payoff?
Loan amount plus unpaid interest

17. Rinse & repeat everything
How Can I Do This Again?
Rinse & repeat everything

18. For the slide notes & sample lender doc’s
Questions?
Text: Quest Expo
To: 39492
For the slide notes & sample lender doc’s