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List of Self Directed IRA Custodians
There are only a handful of Self Directed IRA custodians in the US
which allow investing in real estate, real estate options, contracts,
notes, mortgages and trust deeds. We have worked with many of these
IRA custodians. Here is the list and IRA Company reviews.
|
Self Directed IRA Companies |
Phone |
Office Location |
Comments |
|
IRA Resources, Inc |
858 459-1212 |
La Jolla, CA |
Good service, cheap, fast, they are mostly an IRA custodian for private
placements, but will consider trust deeds and real estate for some
clients |
|
Sterling |
800 955-3434 |
Waco, TX |
slow but cheap, always on hold for 15min before I reach a person |
|
Trust Administration Services Corp |
800 455-9472 |
Carlsbad, CA |
Through First Regional Bank, I've had good service with them. First
Regional Bank was closed by the FDIC on January 29, 2010, their SDIRA
accounts are now managed by Sterling Trust. |
|
Equity Trust |
440 323-5491 |
Elyria, OH |
Probably the cheapest if you do more than 10 transactions a year. Flat
annual fee, no transaction fees, reportedly fast & good service |
|
Polycomp Admin Services |
800 952 8800 |
Roseville, CA |
two CA offices, no personal experience. |
|
Pensco |
800 969-4472 |
San Francisco, CA |
Big and reportedly fast and good service, but not cheap. |
|
Entrust Administration, Inc |
800 392-9653 |
Offices nationwide |
Many Offices, good service, prices have gone up drastically in last
few years |
|
Guidant Financial Group, LLC |
888-IRA-XCEL |
Bellevue, WA |
Unique solution, very flexible, but cant justify the price without
500K funded, no personal experience. |
|
Lincoln Trust (previously Fiserv) |
800 521-6974 |
Denver, CO |
One of the biggest, and reportedly slowest |
|
http://www.iraservices.com |
650 593-2221 |
San Carlos, CA |
no personal experience |
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Here is a handy excel spreadsheet which attempts to compare pricing
schedules of IRA custodians based on the size of your IRA and your trading criteria.
Self Directed IRA
Company Pricing Comparison
Other Comments for Choosing a Self Directed IRA Custodian
- Look for low fees and quick easy access to cash for purchases. A
self directed IRA with a local branch is preferable.
- The expense will depend on the amount held in the account as well as
number and type of transactions done. Compare fee schedules of the
IRA companies. Use the excel spreadsheet (above) to get an estimate of
fees for Self Directed IRA custodians listed above.
- Make sure your self directed IRA custodian handles Real Estate as well as
real estate notes, in
case you have to foreclose on a note.
- An IRA custodian which allows real estate options can be handy since
options can be very lucrative for buying real estate and lease options
an effective technique to selling real estate.
- buying private
stock (aka private placement custodian) with an IRA is also nice.
Private placements may be C corps, S corps or LLCs, which you create and
fund with your IRA, for investing in business ventures or real estate
partnerships.
Also Read This Articles:
Article: Investing in Real Estate, Notes & Trust Deeds with an IRA
About the Author:
James MacArthur - We buy and sell real estate notes nationwide, and
make private & hard money loans in CA (including non-recourse loans on
property held in a self directed IRA). Call me if I can help you, or if
you have any additions/corrections to this list.
The Hard Money Pros
Private and Hard Money Lenders in California
PO Box 91472, San Diego, CA 92169
jmac@TheHardMoneyPros.com
www.TheHardMoneyPros.com
(619) 846-1550
Licensed by the California Department of Real Estate, DRE# 01440161
©Copyright 2006 JMAC Funding
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