Bank to handle Self Directed IRA in Georgia

[Gerald Marshall]

Looking for a Bank "Custodian" that is Self Directed IRA friendly in Georgia. I have a family friend who wants to be my lender and who has a self-directed IRA to fund from. Problem is that his current Custodian is Charles Schwab who do not allow investments in real estate of any kind. He is willing to split his funds between different custodians and is looking for a bank of similar entity to assist him in disbursing his funds toward my lending needs. Any information or guidance would be greatly appreciated.

[Brian Eastman]

@Gerald Marshall

Try Kingdom Trust Co. in Kentucky.  Good service and reasonable fees.

Specialty self directed IRA custodians (trust companies for the most part) are generally much better suited for this type of service than the handful of true banks that will provide non-traditional IRA record keeping.