Originally Posted by
JamesBond
I have no idea what ya'll are talking about with 'syndications'.
I know one guy that has his ROTH completely in real estate. If I could talk my wife into it that is EXACTLY what I would do. He uses Utah bank. It is a 'checkbook' IRA as I understand it. Basically they offer nothing other than paperwork to keep you legal which is perfect. ALso There is NuView IRA which does a similar thing. I'll look at Quest, thanks for that...
Good article explaining syndications
Short excerpt, but the full article is worth a read...
What is a syndication? In simple words, it is a deal between a sponsor and the passive investors. A sponsor on the deal is the person with relevant experience in the field who finds a suitable project for the investor and finalizes the deal. The investor can be an individual or a group. If you are the investor, your only job is to analyze the project and conclude whether to invest or not.
As OOfff said, a self directed IRA is better suited to passive investments. Investing in a single family house with a checkbook IRA is flirting with an IRS disaster.