September 16th, 2014

Watch the training replay for September 16ht, 2014.

Audio Stream Only

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Conference Call Notes:

Announcements

• Recap on Capstone Funding Group’s week wtih Saprina Allen

  • Went through different workout scenarios on active portfolio

  • Included the Friday workshop

  • Recordings will be posted soon

• Upcoming Events

  • What: Max ROI with Jr. Liens Workshop

  • When: October 23-24th

  • Where: Hilton Mission Bay Resort & Spa (The NIS 2015 Summit will also be hosted at this location)

  • RSVP – Click here to register

• Skip tracing status update

  • CFG can do skip tracing for members (18.00)

  • 1-time at no cost

  • send info to aaron@capstonefundinggroup.com subject: “ ”

  • Due by end of business September 17

• New Asset Management Hotline

• Non performing FIRST Mortgage opportunity

  • $1M buy by end of month (needs a form for this in future)

Open Questions on Announcements

• Jim Miller

• Marion

• Gary

• Saprina – Differences between servicer and a custodian

• Kelly

Minute notes…

– Start – Opening Announcements

• Weekly Calls – Please register for Uber Conference. Non-registered attendees will be removed from the call.

• Collateral Files – Please update us on your collateral files that you have received and what is still pending. Please send a status update email to Travis@CapstoneFundingGroup.com or Aaron@CapstoneFundingGroup.com.

• Weekly Call Page Format – Available call notes. Available from 9/2 going forward.

– Minute 2:34

• Guest Introductions – Edwin Kelly & Mat Sorensen

– Minute 5:13

• Mat Sorensen:

  • How I got started

  • Background info

  • Why I do what I’m doing

– Minute 9:00

• Travis Tollestrup – What I’m doing to raise capital?

– Minute 9:53

• Mat Sorensen – Brief overview of the IRA LLC concept

  • Overview of how it works

  • Addressing some of the main issues or concerns people have

  • Important reminders for when a self-directed retirement plan

    • Designed to hold alternative assets

      • Notes

      • Precious metals

      • Etc.

    • Some alternative assets can be held directly in the self-directed IRA

      • Others you will benefit from having an IRA LLC

      • An IRA LLC is ideal for Non-performing note assets

    • Transaction activity flow examples

      • Do’s and Don’ts

  • Unrelated Business Income Tax (UBIT) concerns

    • Exempt vs. Non-Exempt Income

  • Q&A – Is there any way to get around the minimum annual franchise tax of $800 in the state of CA?

  • Two step process

    • Setting up a self-directed IRA

    • Setting up the IRA LLC

– Minute 24:08

• Edwin Kelley – Process of properly setting up and managing your self-directed IRA

  • Working the an expert that can properly guide you

  • 3 Step Process (from the custodial standpoint)

  • Case Study – client referred to Mat from Kelley

– Minute 28:50

• Mat Sorensen – How each entity interacts with one another?

– Minute 31:23

• Open Q&A Session – Edwin Kelly & Mat Sorensen

  • Can a Self-directed 401k account holder invest in notes?

• Better explanation of a Solo 401K options?

• After setting up a bank account under an LLC, am I tied to that bank account? Or can I open up other bank accounts?

• Can an LLC own a personal property trust? Common issues/concerns/rules?

• How do I effectively roll out a 401K from a previous employer to a solo 401K?

• Can a Solo 401K add funds to a ROTH Bucket and a Traditional Bucket?

– Minute 47:24

• Travis Tollestrup – More Announcements

  • LIVE Workshop – Max ROI with Jr. Liens – Guest Expert Saprina Allen

    • When: Friday September 12th

    • Time: 9-5pm

    • Where: 11403 West Bernardo Ct, Ste 200 San Diego 92127 (CFG Office)

    • Next Steps: RSVP your attendance by sending an email to Aaron@CapstoneFundingGroup.com

– Minute 50:00

• Open Group Q&A

  • Accessing the member’s area

  • Is the “Shock and Awe package” available in the member’s area

  • Skiptracing info – status update?

  • Discount group member rate for November Las Vegas Note Event

  • How to roll over Solo 401K fund to an IRA? Withdrawing funds with no penalties prior to retirement age

  • Collateral files – timeframe/workflow

– Minute 103:00

• Q&A with Saprina Allen