Hard Money Lending Major Event Coming Soon…American IRA Announces The Upcoming National Hard Money Seminar

Hard Money Lending Major Event Coming Soon…American IRA-A National Provider Of Self-Directed IRAs Announces The Upcoming National Hard Money Seminar in Fort Lauderdale, Florida on March 21st, 2012.

These events are always booked to capacity. This year will be no exception as Hard Money Lending is growing in popularity in this economic climate.

Jim Hitt, CEO of American IRA says, “There are many reasons why Hard Money Lending is growing in popularity. Still, there are two major reasons:

1. Banks are getting stricter and stricter about who they will lend to and who they will not so the average person who normally could have easily obtained a loan is now being rejected by bank after bank.

2. Investors are finding many of their old investment choice favorites are now bringing much lower success if any success at all. They are frustrated with the low yields and losses and are looking at Hard Money Lending as a great alternative. Savvy investors know that, if they use “due diligence”, hard lending can be a very safe and profitable investment option that brings along the added benefit of knowing they helped someone who otherwise couldn’t have succeeded without their help.”

Research is key when it comes to Hard Money Lending. A few important rules to live by are:

1. Run credit and background checks on individuals before loaning them money
2. Loan only to individuals who have a sizable investment in the asset they are requesting funds for (i.e. If it is a mortgage they are requesting…check the value of that home…their debt to income ratio…and make sure they have a sizable amount of equity tied up in the home…most hard money lenders like investments in which the person borrowing funds has at least 40% equity in the item they are borrowing on…these investors also like to hold the 1st mortgage position on real estate loans)
3. Make sure professionals are involved in these transactions. (i.e. Accountants, Lawyers, Appraisers, Realtors, etc.)

Mr. Hitt interjects, “I can’t stress enough how important it is to involve professionals in these deals. Yes, it costs money to hire a lawyer to draft a mortgage contract but, at the end of the day, that contract will pay for itself many times over in the event you need to enact your rights within it to foreclose on a home. Accountants can prove to be an invaluable resource also. Again, yes it is costly to hire an accountant still having them go over the financials of the deal you are about to invest in and having them catch something that you missed can prevent you from putting your carefully guarded funds into a sham of an investment. As investors, I am sure you would agree that paying $300 to a lawyer or an accountant who advises against the deal you were going to enter into is a much better situation than losing $100,000 by entering into that deal blindly.”

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.

Self-Directed IRAs-A Retirement Tool Or A Retirement Bomb?! American IRA Announces This ‘Almost’ Excellent Spot on Blog Post

Self-Directed IRAs-‘A Retirement Tool Or A Retirement Bomb?!’ American IRA-A National Provider of Self-Directed IRAs Announces This ‘Almost’ Excellent Spot on Blog recently posted by bgmwealth.com.

This blog post talks about a recent Minneapolis, Star Tribune article that reported on a Ponzi scheme that caused self-directed IRA holders to lose money. The blog goes on to explain that it is critical for self-directed IRA investors to use their “due diligence” in researching investments before releasing precious funds from their retirement accounts.

A further point this blog outlines is the importance of knowing which investments are allowed and which are not…also know as “Prohibited Transactions” with the key prohibitions being: self-dealing, stepped transactions, investing in disallowed assets such as collectible and antiques, and administration (making sure the IRA pays the bills it is required to pay). This brings them to a very good point that engaging in Prohibited transactions causes an IRA to be disqualified from its tax-deferred standing and also results in penalties.

Jim Hitt, CEO of American IRA, says “This is an excellent article and they have it correct on almost all points. It is important to exercise “due diligence”, it is important to make sure you avoid “prohibited transactions”, and it is critical that you select an IRA administrator who is experienced enough to help you stay informed about the latest on the rules of self-directed IRAs. The only point I disagree with is that they suggest ‘ if you do not expect returns higher than stock market returns, a self-directed IRA might not be worth the effort.’ On this point I would argue that the tax advantages in a self-directed IRA are worthwhile regardless as to the investment types held within that IRA. Regardless of any ‘hassles’, an IRA, Traditional or Roth, provides tax free compounding which mathematically can not be beat when compared to the non-tax advantaged world. Finally, I can’t agree more strongly with their suggestion that ‘While I often suggest people watch their investment expenses closely, this is one area where paying a little more for good advice is worth it. Outside of a custodian that knows how to do this, include your attorney and/or accountant from the beginning.’ Yes, due diligence is important and, of equal importance is consulting with professionals when you are investing in areas you are not an expert in.”

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.

There Are Misconceptions in the Recent Mitt Romney Article by Time Moneyland

Jim Hitt, CEO of American IRA LLC-a National Provider of Self-Directed IRAs says, “There are misconceptions in the recent Mitt Romney article by Time Moneyland“. Mr. Hitt explains those misconceptions.

The article ‘The Lessons of Mitt Romney’s IRA’ starts by saying that “Mitt Romney may have made the classic IRA mistake: holding low-tax investments inside a tax-favored account.” Jim Hitt says, “There is no mistake in holding investments inside a tax-favored account. Every dollar saved by doing so is a win!”

The article goes on to explain that the mistake that was made is that Romney should have held high-tax investments such as real estate investment trusts, rental properties, bonds and other income generating investments, instead of low tax investments such as stocks in his IRA.

Mr. Hitt continues, “They are correct on this point in that it is ‘more’ beneficial to hold investments such as real estate in an IRA than it is to hold investments such as stocks in an IRA. Still I think the further point here is not what Mr. Romney chose to invest in with his IRA but rather the investment vehicle that he selected. A Roth IRA would have caused him taxable consequences up front but then would have allowed him unlimited tax free gains within his Roth IRA thereafter, which he could draw without taxation when he becomes eligible.”

A further point within the article states that investing in an IRA and or 401k doesn’t work with limited resources.

Mr. Hitt strongly disagrees stating “I have seen countless examples of clients that started out with very small self-directed IRAs and then, through their determination, careful research, and due diligence, grew those accounts to substantial amounts. The amount you start with isn’t important; anyone can be successful with a self-directed retirement account. What is important is that they have the drive to succeed and the willingness to invest in areas they know well or the willingness to bring in experts (i.e. accountants, tax advisors, financial advisors) when they are investing in an area they are not familiar with.

“Saying that ‘limited resources’ is a determining factor in any realm of life is a major mistake. Anyone with the determination to succeed can succeed. Think of Oprah Winfrey for example…what if someone had told her that her limited resources meant she couldn’t do anything with her life? On second thought, perhaps someone did, perhaps many people did, but she pushed forward and she became successful.”

Finally, the article mentioned that ‘Romney’s IRA is valued between $20.7 million and $101.6 million according to The Wall Street Journal.’

Mr. Hitt concludes, “Given the annual contribution limits one has to reason that Mr. Romney has experienced extraordinary gains within his IRA, no argument there. No one can say with certainty what type of investments netted him those gains. While TimeMoneyland cites that he must have invested in stocks and other high-yield investments, the truth of the matter is that I have watched clients experience a very high return on real estate investments many times over. It is entirely possible that Mr. Romney did invest in some lucrative real estate or other high-tax investments within his IRA.

The bottom line…if Mr. Romney’s IRA is valued between $20.7 million and $101.6 million…how can we possibly say that he ‘made a mistake’?!”

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.

Interest In Real Estate IRAs Is Bursting At The Seams, What’s All The Fuss About?

Realtor Mag recently reported that optimism is building in the housing market. American IRA is noticing the increased optimism as they are receiving an overwhelming interest in Real Estate IRAs.

Jim Hitt, CEO of American IRA, explains, “Many people are surprised to learn that you can own real estate – not just REIT shares or other stocks, but actual rocks, soil, brick and timber real estate – within your Individual Retirement Arrangement. The IRA vehicle allows you to realize all the advantages of the IRA – tax deductions, no capital gains taxes, deferral of income tax, asset protection, and in some cases, tax-free income – while allowing you to invest in all types of real estate.”

Read more..

American IRA Announces Major Improvements To Their Forms Page Adding More Options And Easier Navigation

American IRA, A National Provider Of Self-Directed IRAs, announces Major Improvements to their Forms Page adding more options and easier navigation! With their mission to provide the highest level of customer service in the self directed retirement industry, they focus on continual improvement in all aspects of their business.

Jim Hitt, CEO of American IRA, says, “We pride ourselves on simplifying things for our clients. Account transactions should not feel like ‘rocket science’! With that thought in mind, it was clear that we needed to make significant changes to our forms page. As part of our desire to bring the WOW factor to our clients, we incorporated the latest and greatest functionality thus improving the customer experience with ease of use/operation.”

The new American IRA forms page top features:

4. Collapsible menu for easier navigation and less scrolling

3. Updated easy to complete forms

2. A jump feature in our menu that takes users directly to the section for the form they click on

1. And…coming soon…An electronic signature option on all signature areas…watch our website and our press releases for an announcement when this feature is ready.

Mr. Hitt concludes, “If this sounds like a short list to you, it is! That is what makes our new forms page so customer friendly.”

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).

Jim Hitt, CEO Of American IRA, will be Sharing His Extensive Knowledge of ‘Making Self Directed IRAs Work’

Jim Hitt, CEO of American IRA-a National Provider of Self-Directed IRAs will be sharing his extensive knowledge of ‘Making Self Directed IRAs Work’ on January 10th, 2012 at the KnoxREI January meeting.

This will be an information packed event in which Jim Hitt, CEO of American IRA, will share his extensive knowledge of ‘Making Self Directed IRAs Work’ by presenting “Advanced Investing with Self-Directed IRAs.”

Mr. Hitt announces, “This is an advanced session not a beginners session. While everyone is welcome to attend, I want to make sure everyone is aware that we will be covering advanced level information.”

Topics that will be discussed at this meeting include but are not limited to:

• Non-traditional investments in IRAs and Qualified Plans
• Tax Free and Tax Deferred Plans
• Permitted Investments
• Disallowed Investments
• Prohibited Transactions
• Using an IRA or plan to invest in real estate
• Using an IRA or plan to invest in notes
• Case Study: Purchase of a duplex
• Case Study: Buying a property and rehabbing
• Case Study: Commercial property
• Case Study: Using an IRA to buy discounted notes
• Case Study: 401(k) Rollover to an IRA and Roth
• Case Study: Tax Lien Certificates
• Case Study: LLCs and other forms of companies
• Selected questions regarding self-direction of IRAs and Qualified plans
• Individual Retirement Arrangements and their advantages and contribution limits
• Rollovers and transfers
• Qualified Plans and 401(k)s
• How to open a self-directed retirement plan

The case studies are success stories based on actual transactions that self-directed IRA investors have completed… proof positive that investing with a self-directed IRA can result in profitable transactions. Note: For privacy reasons, we have changed the names of the investors within the case studies.

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).

Jim Hitt, CEO of American IRA, Will Be Attending The Atlanta REIA Vendor Trade Show & New Year Celebration On January 9th, 2012

Jim Hitt, CEO of American IRA-a National Provider of Self-Directed IRAs, will be attending the Atlanta REIA Vendor Trade Show & New Year Celebration on January 9th, 2012. American IRA will be participating both as a vendor and as a sponsor at this event.

Mr. Hitt shares, “There will be some great speakers at this event that will cover some of my favorite topics such as real estate investing, what to expect in the real estate market in 2012, and setting realistic, easily achievable goals.”

Speakers and topics at this event:

Don DeRosa, a seasoned real estate investor and a national real estate trainer will be giving some tips and tricks for structuring profitable real estate deals using much of the modern day technology people have at their fingertips from virtually anywhere.

Deborah Harris, a real estate agent and associate broker for Keller Williams Realty with over 30 years of experience, is going to give an Atlanta real estate market update on what has been happening over the last few months and what is likely to happen in 2012. If anyone wants to keep their finger on the pulse of what is going on in the Atlanta market, they don’t want to miss this session.

No New Year’s meeting would be complete without talking about New Year’s resolutions and goal setting. Joe Thompson, a financial consultant, seasoned investor and leader of the Haves & Wants Meeting will be talking about setting realistic, easily achievable goals to make 2012 a successful and profitable year ever.

Mr. Hitt interjects, “And, of course, as a vendor at this event, I will be there to answer any questions you may have about investing with your self-directed IRA. Most people don’t realize that their IRA can be a source of funds for their real estate investments.”

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).

American IRA Announces They Have Upgraded Their Home Page Adding More Options, More Content And Easier Navigation

American IRA, A National Provider Of Self-Directed IRAs, announces they have upgraded their home page adding more options, more content and easier navigation! With their mission to provide the highest level of customer service in the self directed retirement industry, they focus on continual improvement in all aspects of their business.

Jim Hitt, CEO of American IRA, says “The statement ‘If it’s not broken don’t fix it!’ is about as antiquated as washing your clothes in the stream by hand. Providing excellent customer service is all about asking yourself, your staff, and your clients ‘What is it we can do to make our customer experience even better?’ Continual improvement, the WOW factor…that is what we strive for every day!”

The new American IRA home page’s top 10 features:

10. A crisper, cleaner look
9. Collapsible buttons for easier navigation and less scrolling.
8. New Dynamic Banners
7. Non-Recourse Lenders
6. FAQs
5. Articles
4. Upcoming Events
3. Client Testimonials
2. Client Login
1. Free Resources

Mr. Hitt says “Our new home page has a new look and feel and still contains all the resources you are used to plus more. We will keep you up to date as we continue to strive toward that WOW factor.”

When asked why they continue to make improvements when they are already getting great survey results from satisfied customers, the answer is resoundingly the same “The positive survey results are great and yet, each new comment raises the bar encouraging us to be more innovative and more determined to improve upon our customer’s experience”.

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).

American IRA Provides Options To The Unemployed Who Have 401(k)s Sitting Idle

American IRA, A National Provider Of Self-Directed IRAs, Provides Options To The Unemployed Who Have 401(k)s Sitting Idle. According to the most recent Bureau of Labor Statistics report, the unemployment rate stands at nearly 8.6%. Jim Hitt, CEO of American IRA, says “Many individuals have left their employers and, as a result, have left their 401(k)s sitting idle. I’m getting the word out that there are much more profitable options available.”

Jim Hitt, CEO of American IRA, continues “Many people have a 401(k) or other retirement account that’s out there and all but forgotten about. What they do not realize is that If they’re under 59½ years of age, and they have an old 401(k) balance in a dormant account, they have five choices:

1. Cash out – and pay taxes and penalties if they haven’t reached the age of 55.
2. Keep the money in place – and accept the fact that they may be stuck with some sub-par investment options, chosen for them by their old employer.
3. Start drawing it down in substantially equal periodic payments, in accordance with Section 72(t) of the Internal Revenue Code.
4. Roll the money over to an IRA – preferably by using a trustee to trustee transfer, which is the only sure way to avoid having to pay taxes and penalties on whatever they withdraw.
5. Start a business or buy an existing business.”

That’s Right! – they can use their long-forgotten individual retirement arrangement to fund their own, closely-held small business.

Why would they do that? If they have a particular expertise that they can leverage into a business – and do so with a higher expected rate of return, and/or more safely than they can expect by participating in the stock and bond markets, it may make terrific sense to tap that forgotten account, and using it to start the business they always wanted to run.

How can they do this? By rolling the money over into a self-directed IRA. Technically, this is a variant of the rollover option listed above. But instead of sending their money to an investment company, they would retain a qualified administrator, who would help them set up their IRA in accordance with federal laws that govern self-directed IRAs.

From the perspective of the small business entrepreneur, the self-directed IRA has the following benefits:

1. Income earned within the business is tax deferred. They can reinvest 100 percent of the business’s earnings back into the business or the IRA account, without having to give up a cut.
2. No capital gains taxes to worry about. They can buy and sell assets –including stock and asset sales within the IRA – with no worries about either short-term or long-term capital gains, as long as the money stays in the account.
3. If they use a Roth IRA account, their business will generate income tax free, with no capital gains worries.

Considerations

If their 401(k) balance is reasonably small, it may be tempting to borrow money to leverage up, buy some inventory, obtain office space and generally handle the up-front aspects of starting or acquiring a new business. Be careful: Yes their IRA can borrow money. But it can’t borrow it from them. Nor from their spouse, nor from their ascendants and descendants and their spouses, nor from any of their administrators that help them with the account.

The IRA can borrow some start-up money from a third party, such as a bank or other suitably distant, disinterested lender. But any loans the IRA takes out must be non-recourse. The lender must have no claim on any assets outside of the IRA, and they cannot sign a personal guarantee on the loan. The account has to be self-contained.

Further, they can only contribute a certain amount in new money each year to the business in their IRA. So any liquidity needs have to come from retirement assets in the IRA, or assets that can be quickly and easily rolled over to the IRA. Other than that, they can only contribute a maximum of $5,000 in new money to any combination of Roth or traditional IRAs each year ($6,000 if they are over 50), and even these limits are subject to some income limitations.

Mr. Hitt cautions, “People must be careful what they take out. They also have to reinvest their profits back into their IRA. They cannot take money out of the IRA prior to reaching age 59½. Their IRA also cannot hire them, nor any prohibited individual, nor any entity they control, to provide goods and services. This also means the beneficiary of the IRA can’t draw a salary from the business within the IRA. The purpose of the IRA, according to the IRS, is to provide for their long-term retirement income needs, and self-dealing transactions with the IRA that are contrary to that interest risk “blowing up” the whole account. If that occurs, they could be liable for income taxes and penalties on the whole account – and not just the amount paid out improperly.

Having said that, if drawing a salary is desirable to you, please contact our office to learn about other products that may allow you to reach that goal.”

Despite the restrictions, American IRA finds that these arrangements can make excellent sense for some of their clients, who have the time, expertise and risk tolerance to establish businesses within their IRAs, and who do not rely on these businesses to provide basic living expenses until after they turn 59½.

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).

Jim Hitt Announces American IRA Will Be Sponsoring The National Hard Money Seminar For Hard Money Lenders

Jim Hitt, CEO of American IRA – A National Provider of Self-Directed IRAs, announces American IRA will be Sponsoring The National Hard Money Seminar For Hard Money Lenders’ on March 21st, 2012 in Fort Lauderdale, Florida. Financing is not easy to come by and ‘Hard Money Loans’ are an alternative way to get those much needed funds.

In a Wall Street Journal article titled ‘Debate: Do Big Banks Lend Enough to Small Business?‘, Ami Kassar stated “In a recent study published by my company, MultiFunding LLC, we dug into that data and found that the bigger banks shed $93 billion of small business loans during this period, while the smaller banks increased their small business loan balances by $17 billion. Somehow, the smaller banks have managed to find demand for small business loans while the larger banks have reduced their exposure by almost 25%, according to our study.”

While many people may think this is a tough situation, the truly seasoned investors are realizing that this economic climate is an endless sea of opportunities. Yes, indeed, they are making lemonade out of lemons!

What exactly does that mean?
In this situation there are two types of investors that are fairing very well:
The Lender
The Borrower

That’s correct, Self-directed IRA and Self-directed 401(k) owners are providing much needed capital to investors by loaning them funds from their retirement accounts. These individuals benefit because they receive interest on the funds they are loaning out. According to Lending Universe, hard money interest percentages vary from 9% to 16% depending on the location and condition of the property, the type of property (residential, commercial, or land), and the credit score of the borrower. The lenders take all of those things into account and then the two parties (the lender and the borrower) negotiate an interest rate they can both agree on.

The investor borrowing the funds, is in an ideal situation, they obtain a private loan that they could not otherwise obtain from a bank and that gives them the much needed funds to purchase the assets they want.

Some of these investors are then using the borrowed funds to purchase real estate at below market prices. Their long range plans vary from everything from renting the units purchased, to flipping those units, to holding those units for resale when the market is in a more favorable position. Whatever their plan, obtaining financing is a must.

Jim Hitt interjects “American IRA representatives will be at this conference and they will be happy to answer questions investors may have about loaning/borrowing money and purchasing assets with their self-directed IRAs and self-directed 401(k)s”

About American IRA:

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).

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