How to lend money through your IRA

[Kenny Hardcastle]

Hello everyone,

I'm trying to figure out how to exactly use my self-directed IRAs to lend money to investors. I've read a few articles that give me the generalized step-by-step instructions of find a flipper, rehabber, ECT draw up a contract and then submit it to your IRA administrator. However when I contacted my administrator at Charles Schwab they did not know what I was talking about, and said that I would not be able to lend money from my IRA. I made sure to double and triple check with them that my IRAs were self-directed however and they are.

So a couple of questions..

1) how do I specifically use the money in my IRA to lend to an individual? And how do I set this up with my financial institution?

2) Where's a good place to find a contract for terms and conditions.

3) where is a good place to find a rehabber or flipper to lend money to?

I read through some of the other posts about this and could not find exactly what I was looking for, which is why I am posting my specific questions. 

[Taylor L.]

You need a Trust company that specializes in self directed accounts. Schwab and other big brokerage houses really only give you access to publicly traded securities.