General FAQ

 What does Quest Trust Company, Inc. do?

Quest Trust Company, Inc. ( is a third party administrator of self-directed IRAs in Houston, Austin, and Dallas, Texas, as well as Mason, Michigan. Quest Trust Company, Inc. is the leading provider of self-directed retirement account administration services.  Quest Trust Company has been in business since 2003 with over $600MM in assets under management.  As a neutral party, Quest Trust Company does not offer any investments and therefore has no conflicts of interest with what our clients want to do with their IRAs.  Quest allows you to be in total control of your retirement wealth.


Who is H. Quincy Long and why do I care?

H. Quincy Long is the President of Quest Trust Company and works in the Houston corporate office.  Quincy has been a licensed Texas attorney since 1991, specializing in real estate, and has been a fee attorney for American Title Company.  In 1990, Quincy received his Doctor of Jurisprudence from the University of Houston, and continued his education, receiving his Masters of Law in 1997.  He has sat on the board of directors of the Realty Investment Club of Houston (RICH), the second largest real estate club in the country, and maintains the title of Certified IRA Services Professional, CISP.  Quincy is also the author of numerous articles on self-directed IRAs and other real estate related topics, many of which can be found on the Quest Trust Company website, and in addition, Dyches Boddiford and George Yeiter, CPA, co-authored with Quincy to write the book “Real Estate Investment Using Self-Directed IRAs and Other Retirement Plans.


Widely known for his enthusiasm, attention to detail and knowledge of the Self-Directed retirement industry, he is one of the most sought after key note speakers in the nation.  Quincy can often be spotted in his office reading and learning more to prepare for one his many, highly-attended lectures on topics including self-directed retirement plans, real estate, unrelated business income tax, land trusts, mortgage foreclosures, etc.  Quincy enjoys reading, hiking and spending time with family and friends in his free time.


What is the difference between a “self-directed IRA” and a regular IRA?

There is no legal distinction between a “self-directed IRA” and any other IRA.  The difference is simply this:  Quest lets you take control of your retirement by letting you invest your IRA in what you know best.  There are 2 different sets of rules that govern what you can do with your IRA.  First, there is the Internal Revenue Code, which has surprisingly few restrictions.  Second, there is your account agreement with the custodian.  With most custodians you are restricted in the type of investments you can buy in your IRA.  Quest allows you the maximum amount of control and flexibility.  Almost anything that can be documented can be held in your Quest self-directed IRA.


Which types of IRAs does Quest Trust Company offer?

Quest offers almost all types of retirement plans, including:

    • Traditional IRAs
    • Roth IRAs
    • SEP IRAs
    • Individual 401(k)s, including the NEW Roth 401(k)
    • Coverdell Education Savings Accounts (formerly Education IRAs)
  • Health Savings Accounts (HSAs)

All of our plans are self-directed, and all of them can hold the same type of non-traditional assets, such as real estate.


How much can I contribute to my IRA?

  • Roth and Traditional IRAs –   $5,500 for 2013 (kept the same for 2014) plus $1,000 catch-up if you are age 50 or over by the end of the year.
  • SEP IRAs – 25% of your wages (or up to 20% of your net earnings from self-employment) up to a maximum of $51,000 for 2013 and $52,000 for 2014.  Contributions can be made up to the employer’s tax filing deadline, including extensions (if you are self-employed, you are the employer).
  • SIMPLE IRAs – $12,000 salary deferral plus $2,500 catch-up if you are 50 or over for 2013 and 2014 plus up to 3% of your salary matched by your employer.
  • Profit Sharing/401(k)s – $17,500 in salary deferral for 2013 and 2014, plus catch-up deferral of $5,500 if you are age 50 or older by the end of the year plus 25% of your wages (or 20% of your net earnings from self-employment) up to a maximum of 51,000 ($56,500 including catch-up contributions) for 2013 ($52,000, or $57,500 including catch-up contributions for 2014).
  • Coverdell ESAs (formerly Education IRAs) – $2,000 per year until the child is age 18.
  • Health Savings Accounts (HSAs) – $3,250 for individual coverage in 2013 ($3,300 for 2014) and $6,450 for family coverage in 2013 ($6,550 for 2014) plus $1000 catch-up for 2013 and 2014 if you are over age 55.


What kinds of investments can be made in an Quest Trust Company self-directed IRA?

You have the broadest possible choice of investments, including:

    • Real Estate, including debt-financed and foreign real estate
    • Deeds of Trust
    • Real Estate Options
    • Lease Options
    • Unsecured Notes
    • Oil and Gas Interests
    • Small, non-publicly traded corporate stock
    • Limited Liability Companies
    • Limited Partnerships
    • Factored Invoices
    • Discounted Commissions
    • Security Agreements and Notes
    • Tax Lien Certificates
    • Foreclosure Property
    • Joint Ventures
    • Race Horses
    • Publicly traded stocks and mutual funds
  • and a whole lot more…

It should be made clear that you are not taking a distribution to purchase these assets.  All assets are purchased within the IRA, and all profits stay in the IRA!


As a real estate professional, how can knowledge about self-directed IRAs put money in my pocket now?

For those of you who are investors, you can make other people aware that they actually have more money to invest in real estate than they thought since they can use their IRAs to buy real estate.  In other words, your knowledge of self-directed IRAs can increase your pool of eligible buyers for your properties.  Also, you can help others transfer their retirement funds into a self-directed IRA, then you can borrow those funds to make your own investments – in other words, you can create your own private bank!  Finally, you can make your own retirement wealth grow with your knowledge and experience in real estate by buying and selling through your own self-directed IRA.


Is it really legal to buy real estate in your IRA?

Yes, absolutely!  The Internal Revenue Code does not tell you what you can do with your IRA, only what you cannot do.  Besides restrictions on purchasing life insurance and most collectibles in your IRA, nearly everything else is fair game.  Unless your IRA is self-directed, however, your custodian may not allow investments in real estate.

Leave a Reply

Your email address will not be published. Required fields are marked *