Updated over 6 years ago on . Most recent reply
Roth IRA trick from Ron LeGrand
Should a private lender, using money from their ira account, get lenders insurance when investing in buy and hold syndication deals?
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Jeff S.
#5 Private Lending & Conventional Mortgage Advice Contributor
#5 Private Lending & Conventional Mortgage Advice Contributor
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Jeff S.#5 Private Lending & Conventional Mortgage Advice Contributor
#5 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Los Angeles, CA
You question makes no sense at several levels, @Jordan Archer. First, @Taylor L. is correct. Investing in a syndication is not a loan. Second, there is no such thing as lenders insurance for private lenders. If Ron LeGrand is talking about PMI, this is only available to the GSE's like Fannie Mae. The only non-conventional lenders asking anyone to pay for mortgage insurance are scammers, usually asking for up-front fees.
Ron LeGrand is a self-appointed guru. Hope you didn’t pay much for this “trick.”