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Open a Self-Directed Retirement Plan

The process can be completed in just under 7 minutes.

Here's what you'll need:

For Traditional, Roth, SEP, SIMPLE

  • Personal information: Social security number, home address, date of birth, etc.
  • Government-issued ID: A digital copy or picture of an unexpired ID, driver's license, or passport showing your signature.
  • Credit card: Form of payment for the account establishment fee.

For Solo 401(k)

  • Business EIN Number
  • Plan EIN
    (This is different from business EIN. Use the name of the plan if you need to create one) 
  • Business Incorporation Date
  • Personal information: Social security number, home address, date of birth, etc.
  • Government-issued ID: A digital copy or picture of an unexpired ID, driver's license, or passport showing your signature.
  • Credit card: Form of payment for the account establishment fee.
Got Questions?

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Check out the top questions asked by REALTORS® and feel free to reach out to us for a personalized discussion to address all your inquiries.

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Self-Directed Real Estate IRA FAQs

What are the fees? 

NAR Members' exclusive offer is:
$299/yr for IRAs: Traditional, Roth, SEP, SIMPLE. No transaction fees.
$799/yr for Solo 401(k). This includes no additional fees and premium plan recordkeeping platform. Download fee schedule.

What are the requirements to open a self-directed IRA? 

To open an IRA account, simply complete the new account form, provide a government issued ID, and pay the account fee. You can transfer funds from a previous IRA or 401(k) to your new retirement account. If you don't have existing savings, you can start saving with annual contributions. However, contributions require that you or your spouse have earned income.

How long is the process of setting up a Real Estate IRA? 

The account opening process is fast, typically taking 1-2 days. Funding the account depends on the speed of your previous custodian and how quickly they send the funds to us. The purchase process is similar to regular escrow, taking around 30 days.

Can I purchase a property I already own with my IRA? 

No. Your IRA cannot invest in anything you own or a disqualified person to your IRA. Here is a quick read on the rules: Self-Directed IRA Rules

Who is considered disqualified? 

A disqualified person is you, your spouse, any of your lineal ascendants or descendants, investment providers or fiduciaries of the IRA, any entity where a disqualified person owns more than 50%, any entity where the IRA accountholder is an officer, director, a 10% or more shareholder, or highly compensated employee.

If I partner with my IRA to buy the property, can I personally use the property? 

No, this is considered a prohibited transaction. You cannot buy a house or vacation property for you, your spouse, or your lineal ascendants or descendants to use while your IRA owns it. See information on prohibited transactions, disqualified persons, and self-dealing.

How exactly does the whole process work so I can relay that information to my clients? 

Open an IRA, fund the IRA, find the property you want to purchase with the IRA, and complete paperwork instructing IRAR to buy the property. IRAR will purchase on your behalf. 

Income and expenses flow through the IRA. Example: Bills are paid from the IRA, Rental income is deposited in the IRA.

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