I agree with you Mike that the SDIRA is a good instrument and has many benefits that traditional and Roths IRAs don't have.

If this were a single person, or married couple without kids, who mentioned that they are sometimes noisy (play a musical instrument, or love to have loud music on), you could reject them for the same reason.

I appreciate that you are experienced and can recommend stock or bond investments but I would suggest that those investing with you should have done their due diligence regarding your qualifications as well as understand the investment's you are recommending.Understanding what to recommend when it comes to real estate is not so different than recommending financial instruments.

It is also called an "all inclusive trust deed" (the instrument) or a wrap-around mortgage.

As a board member for my HOA, I learned that we should only invest our funds in short term bond/ money market funds where risk of loss of original principal is low, even if such instruments don't keep up with inflation.

I haven't touched instruments in forever.

I have to assume that you have a good use for the money that will produce a yield over and above the rate you'll be paying when the instrument resets.

The opposite of that is "Call Risk" where since rates are dropping, prepayment occurs faster since borrowers want loans with less interest so an investor has their principal returned sooner and are then caused to reposition into a lower yielding instrument.

The portal or registered broker requirement is a gate keeper, a mortgage broker will not qualify as a regulated entity as they are talking about being regulated under the SEC and state finance departments, if applicable.It's really designed to dice up equity of a business and a mortgage or a deed can be a security instrument to pledge as a debt (bond) equity would be reflected by a note buyer's portfolio and issuing an interest in the company.

The "deed of trust" (or "mortgage") is the security instrument that gets recorded with the county.