From: "IRA Wondering" 
Newsgroups: alt.invest.real-estate
Subject: Re: Real Estate Investments in an IRA
Date: Sun, 22 Feb 2004 07:11:46 -0500

Don -

I'm using Equity Trust Corp. (formerly Mid Ohio Securities).  They have
grown significantly in the past two years since I started with them, and
their staff is very knowledgeable and helpful.  I am impressed with the
level of knowledge and professionalism of every person with whom I've spoken
there.  Much different from what I am accustomed to encountering at
conventional financially-related institutions, where everyone seems to say,
"that's not my department" or "I don't know" and leave it at that when you
ask questions.

"Admin"  wrote in message
news:jPQZb.3011$yZ1.2672@newsread2.news.pas.earthlink.net...
> Thanks for the info.
>
> Who are you using as trustee of the IRA?  I was looking at Entrust but the
> March issue of Modern Maturity recommended others.  The Entrust process
> appears to be straight forward and their fees are not too bad.  In fact I
am
> putting together an Entrust workshop but I am now wondering if there are
> better trustees.
>
> I also learned from my mortgage broker that National City Mortgage has
> financed such transactions and I found an escrow company that also has
> experience with real property purchases within an IRA so I am getting
closer
> to getting everything lined up.
>
> One last question... have you tried charging an administration fee with
your
> self-directed IRA?  That appears to be a legit way to get some funds
(modest
> amount) out early to cover expenses without penalty.
>
> Thanks again...
> Don