• Calculate total cost of ownership. Include property price, taxes, closing costs and ongoing expenses related to the real estate investment.
• All expenses must be paid from IRA funds.

• Schedule time to meet with an advisor to understand any tax, legal or investment issues related to investing in alternative assets within IRAs.
• Important publications: IRS 590, IRAs IRS 598, UBIT IRC 4975, Prohibited Transactions.

• Complete IRA Adoption Agreement and Transfer or Rollover form.
• Sign where indicated.
• Include a copy of a recent statement from your current custodian.
• Mail to Millennium Trust Company (MTC) for processing.

NOTE: There is a 7-day revocation period on IRA accounts. Investments are unable to be processed until the 8th day after establishment.

• Custodian-to-custodian transfer can take 2-4 weeks.
• Rollover from a previous employer's plan can take 5-10 days.
• Annual contribution may be made by personal check.

• Clearing time on checks is 5 business days from deposit.
• Investments requested during 7-day revocation period must have additional client approval.

• Offer is in name of Millennium Trust Co. FBO (IRA account owner's name).
• To release escrow funds, complete MTC's investment direction form and send to MTC with copy of purchase agreement.

• Optional factor in non-recourse lender's requirements and timeline.
• Review IRS 598, Unrelated Business Income Tax (UBIT) relating to Unrelated Debt Financed Income (UDFI) with your tax professional.

• Account owner reviews and initials each page of purchase agreement and signs as "approved".
• MTC, as Custodian, executes contract on behalf of IRA and wires funds to escrow agent.
• Deed is held in custody by MTC.