Real Estate Professionals

First IRA is a wholesale, commercial lending company, exclusively focused on non-recourse IRA mortgages.  We provide mortgage money to self-directed IRA trusts and retirement plans that need financing to buy investment real estate.   We do not provide loans for residential or owner-occupied properties.

The loans that we invest in are non-recourse loans made to IRAs and 401ks, that are owned by individual investors. We do not speak with the IRA account holder. That is the mortgage broker's responsibility.

Real Estate Professionals are an integral part of a successful, self-directed, IRA real estate transaction.

Property Manager Responsibilities

Required for income-producing property
- Who can be the property manager?
- A professional property management company may be hired and compensated from the IRA
- A friend or family member (not a disqualified person)
- Collects income and forwards to appropriate party
- Notifies IRA owner of required maintenance and/or repairs
- Pays expenses
- Mortgage payment, taxes, insurance, renovations, maintenance, etc.
- Notifies Custodian and owner if a default occurs
- Takes action to correct a default and evict if necessary