I work in the field of Self Directed IRAs & 401(k)s. Based on the phone calls and emails we receive, by far the most discussed topic is checkbook control. Some people want it; others don't. Some service providers support it; others discourage it. What is it? What most people are referring to … [Read more...] about Hot Topic – Checkbook Control / IRA LLC
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Real Estate in the Wild West
"Buying foreign real estate is kind of like buying real estate in the Wild West. 150 years ago they probably didn't have an MLS, local board of Realtors, or disclosure laws," says foreign investment specialist Tom Phelan. I had the chance to catch up with him today and pick his brain. As described … [Read more...] about Real Estate in the Wild West
Eliminating securities problems – Part 2
I previously discussed what a security is and who are accredited investors. Non-accredited investors are typically excluded from most syndicated private placements. This is part of the cause of the investor isolation in the self directed IRA/401k marketplace. The stock market's growth has been … [Read more...] about Eliminating securities problems – Part 2
Eliminating securities problems – Part 1
There's a case (the Howie case - can somebody provide me a good link that explains it?) that defines a security as an investment contract in which a person invests their money into a pool and expects to receive a profit solely from the efforts of others. So typically, when a person invests in … [Read more...] about Eliminating securities problems – Part 1