All Forum Posts by: Loni Anderson

Hi Guys,

I'd really like to be a referral source for custodians (or others who manage funds) of SD IRA accounts. What strategies have worked for you to connect to these managers? What may I offer that helps them serve their clients (by referring me) while staying in compliance with their feduciary duty (if any)?

Would like to tap into acquisition through foreclosure and wonder, besides reaching out the to home owner directly, is it possible to contact the lender themselves?  I realize also that there are foreclosure 'clearing houses', (trustees? custodians?) who manage the assets too.  Are there any restrictions, rules or common practices in the industry to tap into this inventory.  Ideally without paying for a list guys.

Thank you for your help and suggestions.

@Donald S. I certainly thought so too.  Thought I'd bring it to the group in case there was something else that was ligit that I didn't see.  Always some new twist.

Thank you @Kenneth Garrett.  i thought the scenario sounded too good to be true.

 How does becoming your own bank work? 

I just heard about using someone else's balance sheet to qualify for a loan (they told the bank it was one of their partners but it wasn't). The idea from what I understood is that the (borrowed) balance sheet shows the bank credit worthiness. They paid to borrow the balance sheet though didn't partner with the balance sheet owner in the deal. Anyone heard of this? If it's doable I'd like to know the mechanics of it. 

I've had great results with VRBO. whole home users verses those looking for discounts and couches. Better quality of occupant too. Plus they repeat. Good luck. 

Thank you Shawn. May end up passing for other reasons. 

Thanks for the suggestion Nick. This would be a private transaction. As I look at some of the finer details, this may be a pass. Not sure yet though. Yes, I'll share if we do it. Thanks for your help.

Thank you @Salvador Jimenez.  Your suggestion is very good.  I'll take a look at what is possible.