FROM THE DESK OF A SELF-DIRECTED IRA EXPERT KAAREN HALL
ot a day goes by when there is not some interesting investment idea that crosses my desk.
Investors are creative people, always thinking up ways to make deals work.
Often times these
excellent ideas run into a brick wall when it comes to using an IRA. There is usually a way around
the wall however and we’ll cover that, too.
For example, recently a gentleman (we’ll call him Bill) called our office and he was making an offer on a
property. Bill had not yet opened a self-directed IRA so I let him know that the first step is to have his SDIRA
opened and funded so he could proceed without delays.
When someone gives us an application to open
an account we get that account opened usually
on the same day. Typically it takes about two
weeks for another custodian t