Real Estate in your Quest Trust Company IRA

Buying Real Estate

Once you have selected the property you would like to purchase within your IRA and have completed the due diligence on your investment, you MUST draw up the offer/contract in the name of the IRA.

•  You are not personally purchasing the property, it is your IRA that is purchasing the property. It will need to be vested in the name of the IRA to hold the asset. Thus, all documents must be registered as:
  • Quest Trust Company FBO (Your Name) IRA (Your Account Number)
• When the tax ID or physical address is required, please use Quest Trust Company’s information:
  • Tax ID: 61-1435085
  • Address: 17171 Park Row, Ste 100 Houston, TX 77084

Once the client is ready to send the earnest money deposit to the title company, or attorney’s office, the client will need to fill out the investment documents which can be found in your Client Portal. 

If you are purchasing with multiple parties, please contact our Real Estate department at RealEstate@questtrust.com or call 281-492-3434.

Closing on Your Property

Since Quest Trust Company is the legal entity in administration of your IRA, the client will not have to attend any closings. However, we CANNOT sign any of the closing documents from the 3rd party closing agent without the client giving their “Read & Approved” signature. Once all the proper documents are signed, Quest will work with the 3rd party closing agent to close your real estate purchase. Funding can be expected within 24-48 hours after review. 

Should your title company or attorney have any questions regarding the investment in your IRA please have them contact any Quest Trust Transaction Manager.

Payment of taxes, insurance, and other ongoing maintenance bills after closing

All expenses associated with the property owned by your IRA MUST come from your IRA. These types of expenses include, but are not limited to: repairs, contractors, HOA, property taxes & insurance. In order to pay expenses from your IRA, Quest requires a copy of the invoice/purchase order. All payments can be made through the Client Portal using the “Expense Pay” feature. 

Receiving Payments/Earnings from Investment

When your IRA owns an asset, all profit/earnings must go back into your IRA. These can be collected by you, but must be made payable to your IRA. IRA Earnings cannot be deposited into your personal checking/savings accounts. We encourage all earnings to be deposited via Expense Pay. This is a service we offer to all of our clients’ renters and borrowers for free. If your renter or borrower would like to mail in a check, please make sure they are using the correct QTC vesting. To facilitate the payments being related to different assets in your account we encourage the use of a Deposit Coupon when mailing in checks to ensure the funds are deposited correctly. We also accept bank-to-bank wires or ACH’s, click here to see the Delivery Instructions.

If you are unsure what form to use or how to complete a form, help is only an email or phone call away!

Sale of Real Estate

• DIRECTION OF SALE (DOS) FORM – REAL ESTATE
• CONTRACT
• WARRANTY DEED
• FINAL SETTLEMENT STATEMENT

Here are some additional resources for you as you complete your real estate investment

• How to Fund an Investment with a Non-Recourse Loan
• Investor Awareness: Due Diligence with Real Estate
• Glossary of Real Estate Terms