I had a great chat with Doug earlier today. He was explaining what Guidant could do for those wanting to invest in real estate using their IRAs. Although I've written a book concerning Private Mortgage Investing, Doug was full of great advice and tips. For instance, I had NO IDEA how much custodial IRAs can cost in fees - the kind that nickel and dime you to death. And I also didn't quite understand the name "custodial." It is truly a parent child relationship. You have an idea. You have to ask "mom." Mom waits a week and finally says yes. In the meantime, your investment could be gone.
So, Doug explained how creating an LLC is a great way to change all of that. Now, he's the expert on that end (I'll stick with what I know - PMI!). So, if you have any questions, I'm sure he'd love to answer them for you!
Thanks Doug. I like learning new things and I really like finding someone with the same "educate the consumer" attitude!