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Updated about 4 years ago on . Most recent reply
Picking a Self Directed IRA custodian
Having trouble pulling the trigger on who to roll over my 401(k) to, for a self-directed IRA, so that I can purchase another property. Since the big box investment companies and banks don't do self-directed IRA when it comes to purchasing my own properties, I'm trying to make sure I don't make a mistake. I've talked to Pensco (Now called Pacific premier trust) and Madison trust. I've read a ton of books and online and feel very comfortable with my decision for doing a Self Directed IRA, now I'm just trying to make sure I picked the right custodian. Any help would be appreciated. Thank you in advance
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There are several quality providers of the IRA LLC program that are active contributors to and supporters of the Bigger Pockets community.
Be sure to shop the service as there is a big difference between document mills on one end and true advisors on the other.
The most important piece of the Checkbook IRA LLC is not the setup or the custodian (who's role is very limited), but rather your access to quality ongoing support in your use of the tool and IRS compliance.