Tuesday, July 25, 2006

Mortgage Investing and IRAs

You can't invest in mortgages with your basic IRA; you need to open a self-directed IRA. Banks, insurance companies and brokerages will help you open a self-directed IRA, but, generally, they limit your investment options to the products they sell. To invest in mortgages you may have to find an independent administrator to serve as a trustee or custodian.

To learn more, buy and read Private Mortgage Investing by Teri Clark.



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