Does anyone know of any IRA trustee that will accept land as an investment? An associate is having trouble find one, and I have no prior experience regarding this matter. (Assuming there is not a prohibited transaction issue reagrding self-dealing)
Suggestions?

Check with a trust department of a bank. The two bank trust departments that I have previously work at have accepted land as an investment within an IRA. However, they may require an appraisal to be performed periodically.

We administer self-directed IRAs, Roth IRAs, etc., and allow California real estate and mortgages or trust deeds from any state as investments. You can visit us at http://www.securitytrust.com or contact me at 800/669-0250.