For someone that has or wants to purchase real estate with their Self-Directed IRA, paying the bills could not be easier. Why worry about it at all? Let’s face it; this is the worse part of investing, right? Nobody likes to pay bills. Just let Entrust take care of all the work for you. When we purchase a property with your IRA funds on your behalf we also make sure it is clear to everyone involved that we will be handling all the expenses directly related to your investment. All bills should be coming directly to us well ahead of their eventual due date. The only thing we will need from you is a one page form authorizing us to pay this expense related to your investment.
If the situation presents itself that you do receive a bill before us you just need to include that invoice along with the authorization to pay it and send it our way. This is applicable to all types of bills, whether they are tax bills, contractor bills, or just your average monthly notice from the water department. We have staff on hand that will be able let you know exactly when we can send the funds out or even walk you through the authorization form if need be. All you need to do is sit back and enjoy the satisfaction of having an income producing property held inside of your IRA. Sounds pretty sweet and easy to me…
David Kranz, of Entrust IRA Administration in Chicago, works closely with Entrust clients throughout the investment review process. With 12 years experience in the Chicago financial industry, David provides clients with a great deal of attention and guidance as they are getting started and as their relationship develops. David can be reached at dkranz@entrustcompany.com or 312-235-0300.