Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: katiewa Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121478  
Subject: Re: placing RE in an IRA Date: 4/10/2011 1:08 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
For custodians who handle non-traditional investments, I looked at Equity Trust, Pensco, Guidant, Millenium, and Entrust. I decided against Guidant because I could not reconcile managing an LLC whose only investor was my IRA with self-dealing restrictions. Equity Trust was my top choice until my contact demonstrated a lack of attention to detail. Doing a spreadsheet based on my hypothetical portfolio, Penso was more expensive than Equity Trust, but quite a bit less than Entrust. In all cases, the cost-to-portfolio value ratio was less than 1%, but you would need to create your own model to reflect what you want to do--all the custodians charge differently and for different things.

Can someone buy a house across the street and put it in an IRA? Actually, you fund your IRA and then you direct the custodian of your IRA to buy the house. I have NOT done this yet--just did the initial paperwork for the IRA on Friday, and will be working on the funding next week.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Macro Economics

Implications of the Ballad of Ted Plotz
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.