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Updated almost 2 years ago on . Most recent reply presented by

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102
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76
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Dominique Pradel-Lewis
  • Investor
  • Pittsburgh PA
76
Votes |
102
Posts

Looking into SDIRA custodian any recommendations/warnings

Dominique Pradel-Lewis
  • Investor
  • Pittsburgh PA
Posted

We currently have IRA Services Trust and it's been working on the very passive deals, although I find them slow to respond. I don't see them being a fit for a more active investor (could be wrong). I am considering Equity Trust but don't know if they are as good as they say. So far they provide tons of education and webinars on how to grow a Roth account and that's my primary focus. Any personal experience with them and/or others.

Most Popular Reply

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1,409
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857
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Daniel Dietz
  • Rental Property Investor
  • Reedsburg, WI
857
Votes |
1,409
Posts
Daniel Dietz
  • Rental Property Investor
  • Reedsburg, WI
Replied

@Dominique Pradel-Lewis I would agree with what the others are telling you here so far, and that is from a User perspective.

When I set up my SDIRA and SOLO401K, I talked to quite a few providers. Both the larger ones you mentioned and several here on BP including @Carl Fischer, @Brian Eastman@Dmitriy Fomichenko.

Ultimately I choose Dmitriy, but I can say that ALL of the ones I talked to from here on BP seemed MUCH more responsive and helpful than the larger companies I talked with. So to me, it was easy to weed out quite a few right away, and then be able to pick from 'several good choices'.

I would also encourage you to look into the 'checkbook model' of doing things. I can't imagine doing buy-n-hold rentals without that, which is 95%+ of what we do.

Dan Dietz

  • Daniel Dietz
  • [email protected]
  • 608-524-4899
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