Amir Khan was a guest speaker at IRA Cafe hosted by American IRA a custodian company based in South Carolina. The event was a live educational workshop which included a presentation followed by a Q&A segment. Click below to watch a recording of this workshop.
You can join our free online workshop, if you miss it, you can view a recording of it. If you are in Dallas, come to our in-person event and learn how we can help you. You also get a chance to meet with us 1-on-1 and we can get you going!
Amir Khan is a guest on popular REL Freedom Podcast. We're excited to share all of our Freedom Stories with you. These are people sharing their journey toward time and financial freedom through various opportunities in Real Estate. Listen. Learn. Find a story that resonates with you and go pursue your passion and your goals!
Reserve your spot TODAY for our FREE online workshop and discover how real people like you can earn double-digit returns, all backed by residential real estate! Can’t attend live? Register anyway—every registrant gets a full workshop replay to watch anytime!
We research and locate discounted single family homes. There are several markets within the US where habitable homes can be purchased at or below $30,000. In most cases, the homes need some work. Sometimes the flooring need work, bathroom needs update and or minor roof repairs are required etc
We underwrite the properties we locate. This means, we analyze the property and use data to ensure it meets our criteria. One reason why these home are available is because these homes are not eligible for regular financing. The only way to purchase these homes is via cash. This is where our private lenders come in.
Once the property has been purchased, we really do not do any repairs on the properties. We begin marketing these property for sale on "as-is' basis. The key is that our buyers don't have to qualify for a bank loan or credit checks. We take a small down payment and finance these homes on a 30-year mortgage.
Use the lender request form to submit your application. Once approved, you will be an active private lender in our system.
As we put properties under contract, they are shared with our approved list of private lenders. The deal package includes a lot of information that will help you assess the property.
Once you commit to a deal, your interest is locked in and the deal is removed from available status for other private lenders. Title work begins and a closing date is set. Your details will be provided to the title company so legal documents can be drawn per lending agreement.
We will keep you informed regarding the expected closing date. At this point, the title company will provide you wiring instructions for the funds. Note, the funds never come to us, they are sent directly to the title company. The title company keeps the funds in escrow until all legal documents are completed and signed.
Once the deal closes, you'll receive all legal documents relating to the property. These include title insurance policy, promissory note for the loan, deed of trust with you in 1st lien position, property insurance policy with you as the additional insured.
Once the property closes and is funded, you will begin receiving your monthly payments based on the schedule from the promissory note. These payments will continue for 5 years (60 payments). At the end of the 5-year term, the loan is paid off fully.
A Self-Directed IRA LLC is commonly referred to as a Checkbook IRA, Real Estate IRA or a Self-Directed IRA with Checkbook Control. A Self-Directed IRA LLC is a powerful and flexible retirement platform that allows for full diversification of investments and puts the IRA account holder in full control of all investment activities.
The Self-Directed IRA LLC involves the establishment of a specially designed limited liability company that is owned by the IRA and managed by you or any
third-party. As manager of the IRA LLC, you will have control over the IRA assets to make traditional as well as non-traditional investments, such as real estate,
by simply writing a check.
We can help you connect with a reputable custodian company that will help you set up your own self-directed IRA account. You can then fund your real estate investments with us using that SDIRA account.
