Tag Archives: Entities’

Advanta IRA Solutions of Largo, Florida, Hosts Webinar on June 18: Investing in Private Entities with A Self-Directed IRA

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Largo, Florida (PRWEB) June 15, 2013

Employing self-directed IRA funds to invest in private placements is permitted and can be a productive way to diversify retirement portfolios. Nonetheless, distinct troubles pertain to this variety of investment that can range from correctly structuring the entity to selecting somebody to be responsible for managing the entity.

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Advanta IRA Services believes that information is power, control is crucial and diversity is important when managing self-directed IRA accounts, says Jack Callahan, Managing Partner of Advanta IRA Solutions. As a self-directed IRA administrator, Advanta IRA does not sell investments or supply tips relating to investments. Nonetheless, Advanta IRA does give progressive educational curriculum designed to teach investors about the types of investments allowed in self-directed IRAs, says Callahan.

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On June 18th, Advanta IRA is hosting a seminar to discuss the pros and cons of making use of a private entity when investing with an IRA. Prohibited transaction guidelines with IRAs are to be covered, explaining how they impact the inner workings of these entities. Moreover, Unrelated Company Income Tax (UBIT) and the possible implications of that tax on IRAs will be a crucial topic.

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Event: Webinar&#13

Date: June 18, 2013&#13

Time: 12:00pm 1:00pm&#13

Place: on the web&#13

Price: No charge

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To get log-in guidelines for this webinar, please contact Scott Maurer at smaurer(at)advantairagroup(dot)com or by calling 727-581-9853, ext. 1123.

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About Advanta IRA Services, LLC

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Advanta IRA Services specializes in the administration of self-directed IRAs. Self-directed accounts enable investors to pick their own investments primarily based on their understanding of investment vehicles alternatively of relying on third parties to make investment decisions for them. Advanta IRA is committed to educating clients in utilizing self-directed IRAs to invest in alternative investments. In pursuit of diversity and manage of their own retirement funds, consumers invest in a range of genuine estate assets which includes rental properties, rehabs and raw land. Other investors use their IRAs as private lenders, securing loans with a mortgage, or to invest in assets such as tax options and tax liens.

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Peak Corporate Network Entities Celebrate 20th Anniversary

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(PRWEB) July 19, 2011

As visionaries and innovators in the actual estate market, Eli Tene and Gil Priel, Co-founders and Managing Directors and Principals of the Peak entities, are celebrating twenty years in business with each other.

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Starting with the creation of Peak Economic Partners, Inc. in 1991, Tene and Priel created a winning formula over the past twenty years providing ‘Everything True Estate’ for a diverse clientele of private investors, lenders, servicers, agents and brokers, home owners and homebuyers. Created to fill the ever-changing actual estate requirements in a complex marketplace, Tene and Priel built a platform of Peak entities to provide real estate investments, brokerage and loan services, foreclosure processing, 1031 Exchange, escrow solutions, distressed workouts and loan modifications.

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According to Tene, “Our desire to offer the very best 1-cease resource for actual estate solutions was the driving force behind the formation of the Peak entities, and right now, we are the only complete, in-residence real estate remedy provider in the United States.”

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“We’re exclusive because we’ve managed to sustain a private, boutique feel to organization whilst performing big and complicated transactions,” stated Priel. He continued, “Our capability to offer you the variety and range of services that we provide with a level of service uncommon in the market has certainly led to our longevity and the extended-standing relationships we take pleasure in with our customers.”

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Committed to being the best in its field, the Peak Corporate Network entities have a reputation of efficiency, honesty, and supplying the highest levels of safety, privacy and excellence in procedure fulfillment.

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Taking its accomplishment to the next level, Tene and Priel have an ambitious growth plan underway and have relocated the Peak Corporate Network entities to a new, larger corporate headquarters in Warner Center (Woodland Hills, California).

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The Peak Corporate Network is not a company entity the brand represents a group of associated separate legal entities every offering its exclusive set of true estate solutions.

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Peak Corporate Network Entities’ Principal, Eli Tene, States Much more Clarity Concerning Short Sales Outlook is Crucial to Predicting Actual Estate Recovery

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(PRWEB) June 27, 2012

Current sector reports show that Southern California residence sales accelerated sharply in Might and prices improved for the second consecutive month mirroring a national trend of sales acceleration spurred by bargain-basement mortgage prices and declining foreclosures. Eli Tene, co-founder, Managing Director and Principal of the Peak Corporate Network entities (http://www.peakcorp.com) contends that with the uncertainty with regards to brief sales in the subsequent 12 months, clear analysis about a true estate recovery is shrouded.

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Tene states, The Mortgage Debt Relief Act expires December 31st, and there has yet to be any indication if Congress will extend that Act into 2013. If the Act is not to be extended beyond 2012, expect quick sales to plummet in 2013, with true estate sales to endure accordingly.

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The Mortgage Debt Relief Act, very first enacted in 2007, permits homeowners who have received principal reductions on their mortgages as the result of loan modifications, short sales or foreclosures to avoid revenue taxation on the amounts forgiven. Prior to 2007, all cancellations of debt by creditors whether on auto loans, private loans or mortgages have been treated as taxable events under the federal tax code.

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Under the debt relief law for certified home owners, you can keep away from taxation on forgiven mortgage amounts up to $ two million (married filing jointly) and $ 1 million for single filers. To be eligible, the debt should be canceled by a lender in connection with a mortgage restructuring, brief sale, deed-in-lieu of foreclosure or foreclosure. The transaction need to be completed no later than December 31, 2012.

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Given the enormous public and private resources now becoming devoted to assisting financially-distressed homeowners which includes a $ 25 billion national mortgage settlement with five major banks some real estate authorities contend that a essential federal tax law advantage underpinning these efforts would be a shoo-in for renewal. Conversely, election-year politics and a contentious lame-duck, year-finish congressional session loaded down with tax and budget troubles could doom renewal of the debt relief tax legislation and put huge numbers of loan modification participants deeply in the hole. Republican strategists say the price of continuing the system $ 2.7 billion for two years is substantial adequate to catch the eyes of price range-deficit hawks. Beyond that, they add, some members of Congress might be opposed to what they see as nonetheless an additional targeted federal advantage for men and women who didnt pay their mortgages subsidized by taxpayers who did the appropriate issue and stayed present on their loans, even whilst underwater or facing severe economic distress.

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Regardless of whether youre a homeowner contemplating a quick sale or a legislator wondering no matter whether or not to extend the Mortgage Debt Relief Act beyond December 31, 2012, time is of the essence, stated Tene. With the offered uncertainty, brief sales predictions can’t be clear, and that in turn impacts general predictions about a real estate industry recovery.

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As a leading authority in the true estate market, The Peak Corporate Network entities offer a complete array of complete genuine estate solutions nationwide like brokerage services, mortgage financing, loan servicing, escrow services, brief sales, foreclosure processing and 1031 exchange. For a lot more details, pay a visit to http://www.peakcorp.com

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The Peak Corporate Network is a brand that represents a group of associated separate legal entities, each and every delivering its unique set of genuine estate services.

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Peak Corporate Network Entities’ Principal, Gil Priel, Lauds CA Homeowner Bill of Rights for Requiring Lender Single Point of Speak to for Distressed Borrowers

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Woodland Hills, CA (PRWEB) July 18, 2012

Gil Priel, Co-founder, Managing Director and Principal of the Peak Corporate Network entities (http://www.peakcorp.com), a top provider of complete services for Almost everything Genuine Estate, mentioned nowadays that even though the new California Homeowner Bill of Rights Law final week signed by California Governor Jerry Brown is far from best, one certain aspect of the law requiring a lender to supply to the borrower 1 point of contact for foreclosure and/or loan modification will relieve borrowers from obtaining the run-around.

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Numerous property owners in California facing foreclosure even though searching for a loan modification have been frustrated when they would be communicating with one person from their lender and all of a sudden be told that another person should be the 1 handling documents for the loan modification.

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Starting January 1, 2013, the California Homeowner Bill of Rights will: &#13

Ban “dual-tracking” (which is when banks pursued foreclosure even though the homeowner was in search of a loan modification) &#13

Need 1 lender get in touch with person per buyer &#13

Boost penalties for lender robo-signing (which automatically approves foreclosure without having any individual reading documents) &#13

Let property owners sue lenders for violations

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The American dream of homeownership has turned into a time-drain nightmare for lenders and borrowers alike thanks to what has up until now been a somewhat murky world of hopes derailed and false promises for these attempting to keep away from foreclosure and obtain a loan modification, stated Priel.

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Priel noted that even though property owners will garner higher accountability from lenders, the law doesnt address the potential for irresponsible behavior by home owners when it comes to filing frivolous lawsuits. To some degree, frivolous lawsuits will be time-wasting and resources-draining and heightened lender charges connected with difficult frivolous lawsuits will, unfortunately, probably be passed on to customers performing business with lenders, said Priel.

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As a major authority in the real estate market, The Peak Corporate Network entities give a full array of comprehensive genuine estate solutions nationwide including brokerage solutions, mortgage financing, loan servicing, escrow services, quick sales, foreclosure processing and 1031 exchange. For a lot more data, check out http://www.peakcorp.com

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The Peak Corporate Network is a brand represents a group of connected separate legal entities, every single delivering its unique set of true estate services.

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