Self Directed IRA for Notes & Tax liens?

[Ilona Kovacs]

Hi Folks!

I have decided to invest in notes and tax liens.

Wanted to get advice on the best company that could help me transfer my Roth IRA into a self directed one, so that I can purchase notes and tax liens.

I'm from NY, but would consider anywhere in the country. Would prefer a company that knows about notes/tax liens.

I looked at a few like Quest and Equity Trust but wasn't sure if they would work?

Any thoughts would be appreciated!

Thanks!

[Bob Malecki]

Many BP'rs have been happy with IRA Services Trust Company in California. Their fees are very reasonable and they understand the note space as well. Feel free to PM me and I'll send you a link to our website page that has a fairly current list of self directed IRA companies.

Also, you should use a custodian, not an administrator since a custodian is approved and regulated by the IRS or may be a bank or trust company subject to similar federal regulations. An administrator is a company who handles the formation and maintenance paperwork required for your retirement account and acts like a middle man between the retirement account owner and the bank where they deposits are eventually held. An administrator is not federally regulated. 

Bob Malecki