Ladera Ranch, CA · Member since 2014 · 1 post · 0 votes
I m thinking about moving some of my Roth Ira money to Equity Ira (EquityIra.com) in order to start investing with my Ira Money into Real estate. Has anyone heard about them, and or invested with them? They seem to be a valid company, they are certainly very responsive as of now but I have never worked with them in the past and have my concern, I was hoping for some feedback. Thank you kindly.
I have not used them, but I really like ENTRUST GROUP. These guys have booths at the REI Expos, etc. Good people, major operation. I'm thinking about moving an IRS to SDIRA with them in the future....
Equity IRA is not an IRA custodian. They are marketing the services of Provident Trust as IRA Custodian. Equity IRA is likely a tool designed to draw in IRA clients for the purposes of marketing the primary business of the principals, which is Growth Equity - a real estate investment sales business.
If your desire is to invest in your own real estate deals, you should work with a direct provider - either a custodian such as Provident Trust, IRA Services Trust, etc., or a facilitator of Checkbook IRA and 401(k) plans.
If you wish to invest with Growth Equity, there may or may not be an advantage to using Equity IRA as your "customer service" front end. Generally speaking, I would not see any advantage in such a front end that comes with any cost. If you are paying more than you would in directly working with Provident Trust (one of the more expensive IRA custodians, BTW), then something is not right.
They look new. Don't see any BBB rating. Usually it's a good idea to find a company with a track record and top BBB rating. They shouldn't be too hard to google.
I have not used them, but I really like ENTRUST GROUP. These guys have booths at the REI Expos, etc. Good people, major operation. I'm thinking about moving an IRS to SDIRA with them in the future....