[Rafael Vazquez]

Rafael Vazquez

Hi,

Just wondering if is possible to have the title company at closing to transfer the profits you make from a wholesale deal directly into your Roth IRA.

Any feedback welcome.

Thanks,
Rafael

[DON WEDE]

DON WEDE

That is a no no. Now if you had a financial friend sell you one of his deals then yes
Of course he would want to buy one of your deals sometime in return

[Kathy Rizzo]

Kathy Rizzo

Hi Rafael,

If you want to do a deal in a Roth IRA,

#1 You must already have placed your investment funds with an IRA Custodian in a “Self-Directed” IRA account.
#2 When you put the investment property under contract, you must write the contract as : “Name of Your IRA Custodian/ for the benefit of /Rafael Vazquez Roth IRA.”
#3 Use an attorney and/or title company who understands self-directed IRA investment transactions.

That’s the short version. I’m not an attorney or anything, but I would be happy to give more detail if you have a deal in the pipeline you want to put into your Roth IRA.

: ) Kathy

[Rafael Vazquez]

Rafael Vazquez

Kathy/Don,

Thanks you both very much for the explanation. Really appreciate it.

Thanks,
Rafael