A couple of weeks ago we held a free webinar for folks that belong to our newsletter (sign up in the upper left hand corner) about how to use an IRA to invest in real estate. If done correctly, you can set up an IRA, have it buy and pay off investment real estate (apartments, condos, etc) and then live off the income the property generates tax-free (if you’ve set up the IRA correctly).
Also, members of the newsletter list had a chance to purchase a dvd recording of the webinar for $7 for a limited time. Now the price has gone up, and we’re making the DVD available to everybody. The price is currently only $14, and next week the price will go up one more (and final) time.
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Millennium Trust Company (http://www.mtrustcompany.com/services/ira/real.asp) located in Oak Brook, IL, custodies real estate in self directed IRAs and solo 401(k)s. They can walk you thru the process. Try contacting Sandra Reese at sreese@mtrustcompany.com for more info.
There are many IRA custodians that will help you through the process. In the DVD we mention several of them.
Roger and I are not familiar with Millennium Trust Company, so it’s not mentioned. I’m certain there are plenty of similar companies out there, though.