I am trying to help a friend use some of his and his wife's IRA money to buy land. There would be no debt and I can help him avoid the pitfalls - UBTI, UBDFI, PT.. What I don't know any longer is a good IRA custodian to advise him to use. I looked on YELP and didn't see good things about Pensco.
Does anyone know a "good" IRA that would hold the real estate? "Good" here means, would meet whatever the legal requirements are but be a good value - not too expensive. The couple has been out of work and needs to limit their expenses.
Thanks -
Craig Schiller, CPC