Real Estate Investing Show for Professional Investors
Self Directed IRA Funds for Real Estate Investing
Dec 12 2018
[Podcast #86]Self Directed IRA Funds for Real Estate Investing
Most people do not realize that your Self Directed IRA Funds may be used for funding your real estate deals.
Jay and Chaffee talk today about how Self Directed IRA Funds from his Private Lenders are being used to fund his projects.
What is a Self Directed IRA Funds?
QuestIRA .com in Texas serving th eentire USA.
14 Steps to using your Self Directed IRA.
1) Establish relationship with Self Directed IRA rep to refer new Private Lenders to
2) Bring potential Private Lender to QuestIRA
3) Have a three way call with your rep and yourPrivate Lender
4) Quest IRA then gets moving on the transfer of funds from whereever it is to a QUest IRA account
5) The account will get funds transferred in 4-6 weeks
6) You find a deal that needs the funds.
7) When you have a deal, you call the Private Lender. You tell them you have good news. You have a deal! You tell them the region the deal is in. The closing is scheduled for [date]. Keep it simple. Do not complicate the deal.
8) The Private Lender fills out a 'Direction of Investment' document at Quest IRA.
9) Next is getting a Note and a Mortgage. Jay has a simple one page form to prepare.
10) Jay's attourney has the documents ready in 24 hours.
11) Review the documents.
12) Then send the email to the Private Lender, who signs
13) Private Lender send the documents to Quest IRA.
14) Close the deal
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P.O. Box 1276, Morehead City, NC USA 28557
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