Real Estate Broker · North Richland Hills, TX · Member since 2013 · 1k+ posts · 607 votes
11y
I use Sense Financial for my Solo 401K, Quest IRA for my self-directed IRA (for Roth funds that couldn't transfer into my Solo 401K, and I didn't have enough to justify fees for an IRA LLC). Both providers are great, and I'd use them again.
Investor · Hanover, MA · Member since 2015 · 7 posts · 1 vote
11y
Hi Chuck,
I'm in the process of setting up a self-directed IRA LLC with IRA Financial Group. I did my homework and am thrilled that I chose this company. Their customer service has been outstanding! Each step in the process has been clearly outlined and every staff member has quickly responded to any question I have. I'm 100% satisfied to date.
Wholesaler, Rehabber and Landlord · San Antonio, TX · Member since 2014 · 2k+ posts · 2k+ votes
11y
I have worked with Quest IRA. They have outstanding informational and networking mixers. They even have an informational CRUISE. Lots of classes to learn and mix with lenders and investors. Great knowledgeable people answer your questions immediately. I do NOT work for them in any way, just great folks.
Real Estate Broker · North Richland Hills, TX · Member since 2013 · 1k+ posts · 607 votes
11y
I use Sense Financial for my Solo 401K, Quest IRA for my self-directed IRA (for Roth funds that couldn't transfer into my Solo 401K, and I didn't have enough to justify fees for an IRA LLC). Both providers are great, and I'd use them again.
Rental Property Investor · Plant City, FL · Member since 2015 · 1k+ posts · 379 votes
11y
@Chuck Van Court you should check out Mountain West IRA. They have great local education and I believe @Megan Galane is working on getting webinars going. I do not have a self directed IRA yet, but Mountain West is the friendliest, more reasonably priced, and honest self directed IRA company I've found.
Software Entrepreneur · Bellevue, WA · Member since 2015 · 27 posts · 14 votes
11y
Thanks everyone for their replies!
Robin: How much did they help you in setting up the necessary LLC? It would be super if you posted here or messaged me on your progress and satisfaction with IFG as you get things completed.
Mark: I see you run your own company offering competing services with IRA Financial Group. What things would you call out as differentiators with IFG and your other competitors?
Anyone out there who is using Mark's company who would like to comment on their experiences? http://www.mysolo401k.net
Banker · Nationwide · Member since 2015 · 4k+ posts · 1k+ votes
11y
@Chuck Van Court Hi Chuck. Since you mentioned "Solo 401k and/or self-directed IRA," I'll just comment on this. Generally, if you're eligible for a Solo 401k, that is the way to go since it has so many advantages over a self-directed IRA / IRA LLC. Eligibility requires that you have some self-employment activity and no full-time, non-owner W2 employees in your business.
That is a good question. When choosing a solo 401k provider, I recommend to prospective clients to read the following blog from my one of many blogs on Bigger Pockets.
Real Estate Broker · Indialantic, FL · Member since 2014 · 145 posts · 71 votes
11y
I recently used IRA financial. I think they did a good job, no complaints on my end. There's been difficulties setting up my checking account at the local bank and rollover of my funds from Fidelity. The part IRA financial did for me was all done well and they were quick to respond to any questions I had.
Investor · Fall City, WA · Member since 2013 · 200 posts · 63 votes
11y
Why not go local? Real Trust IRA is local, works with real estate investors and investors of all types. I have three with them and many of our clients are with them. Owner is great, a real estate attorney, and great customer service.
That is a good question. When choosing a solo 401k provider, I recommend to prospective clients to read the following blog from my one of many blogs on Bigger Pockets.
Investor · West Los Angeles, CA · Member since 2014 · 230 posts · 239 votes
11y
Chuck Van Court
I use pensco. I believe they are headquarters out of Denver. Everybody is different but what I needed was competent customer service. I rarely call them but when i do I find whomever picks up the phone knows what they're doing. Even my Cpa was impressed which is hard to do! However other things like fees or cruises are not important to me. So if fees are important I don't believe they're the cheapest. I set up a check book account and use it for private lending. Again if you need it for rentals I have no experience in that arena.
Good luck
Investor · Hanover, MA · Member since 2015 · 7 posts · 1 vote
11y
Hi Chuck,
Since I posted on 9/16, my LLC has been established and tax ID # issued. I have opened a LLC checking account at a local bank and transferred funds into it. I can now purchase properties through my SDIRA LLC with checkbook control. One thing I forgot to mention... my custodian is IRA Services Trust Co. I believe IRA Financial Group will be offering this service as well. It wasn't available yet when I started the process.