Step 2: Properly Completing Page 2 of the Real Estate Direction of Investment
Page 2, Section 5 (required)
-In this section, Equity Trust requires that you provide the amount of funds you will need from your self directed IRA to fund this transaction.
-In addition to the amount of funds needed, you are required to choose how these funds are to be remitted to the seller of the property. Your choices include: a normal check, a cashiers check, and a bank wire.
-If you choose a bank wire, you must ensure that you have the proper ABA or routing number in order for the bank wire to be processed correctly.
Page 2, Section 6 (required)
-In this section, Equity Trust Company requires that you provide general information on the investment property including the property address.
Page 2, Section 7
-In this section, Equity Trust Company requests information about debt financing.
Page 2, Section 8 (required)
-In this section, Equity Trust requires that you provide contact information regarding the title company/individual that will be handling the closing of the investment.
-This information will allow Equity Trust to communicate with the title company if additional information is needed.
Page 2, Bottom (required)
-Please ensure that you sign and date at the bottom of the page.