The initial Good Faith Deposit must be funds from the IRA, as is the balance of the purchase price or down payment and all closing costs, not from your personal account which is why you must establish the custodial relationship before you do anything.

The purchase contact will be in the name of the custodian for your IRA account. You will approve or initial the contact but the contract will be signed by the custodian. Remember it is your IRA account through your custodian that is the purchaser. You only direct that account.

You cannot use the property as a primary home, second home, vacation, park on it, or use the property in any way including doing repairs. Remember you do not own it your IRA owns it.

A team of professionals is necessary and will include your IRA Custodian, a IRA Qualified Real Estate Broker, a CPA and a lender that will do non recourse loans. While Guardant Investments Inc. does NOT provide these services we have knowledgeable professionals that we know who do perform these services and will refer you to them for specific guidance.