Comments on: What's so special about the IRA LLC? http://www.jeffnabers.com/2008/06/09/whats-so-special-about-the-ira-llc/ The No-B.S. Guide to Building Real Wealth in Your Self-Directed IRA or Solo 401k Sat, 17 Dec 2011 03:25:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tom Brown http://www.jeffnabers.com/2008/06/09/whats-so-special-about-the-ira-llc/comment-page-1/#comment-39963 Tom Brown Wed, 31 Aug 2011 13:51:17 +0000 http://nabersgroup.wordpress.com/?p=73#comment-39963 Jeff, I am thinking about setting up an IRA LLC for real estate investments. I raise capital through friends and family to purchase foreclosed condos/homes then rehab and rent. Usually I put a little of my own money into each deal, then my brokerage company manages the property for a fee. My brokerage company also gets paid a commission on the purchase, and a commission on the sale of each asset. Can I use a checkbook IRA for these investments? I am thinking no because of the management and brokerage fees that my company gets paid (my company is a single member LLC). Tom Jeff,
I am thinking about setting up an IRA LLC for real estate investments. I raise capital through friends and family to purchase foreclosed condos/homes then rehab and rent. Usually I put a little of my own money into each deal, then my brokerage company manages the property for a fee. My brokerage company also gets paid a commission on the purchase, and a commission on the sale of each asset.

Can I use a checkbook IRA for these investments? I am thinking no because of the management and brokerage fees that my company gets paid (my company is a single member LLC).

Tom

]]> By: Pat Mathis http://www.jeffnabers.com/2008/06/09/whats-so-special-about-the-ira-llc/comment-page-1/#comment-39373 Pat Mathis Tue, 09 Aug 2011 16:37:06 +0000 http://nabersgroup.wordpress.com/?p=73#comment-39373 Jeff, I have retired and my retirement funds a currently in a 401A. I'm contemplating a rollover into a self-directed IRA with American Estate & Trust, who will then create a LLC for me. I want to purchase a rented condo as an investment property. My question is how can verify that the company(ies) I am considering do business are legitimate. I have checked the BBB and they have an excellent rating, but doesn't that just mean the no has reported them, yet? I want to verify that their credentials are valid and they are doing business correctly. Also, I am not 59 1/2 yet, would putting money in an LLC at this age constitute a transaction that would initiate the 10% penalty by IRS? Thanks Pat Jeff,

I have retired and my retirement funds a currently in a 401A. I’m contemplating a rollover into a self-directed IRA with American Estate & Trust, who will then create a LLC for me. I want to purchase a rented condo as an investment property. My question is how can verify that the company(ies) I am considering do business are legitimate. I have checked the BBB and they have an excellent rating, but doesn’t that just mean the no has reported them, yet? I want to verify that their credentials are valid and they are doing business correctly. Also, I am not 59 1/2 yet, would putting money in an LLC at this age constitute a transaction that would initiate the 10% penalty by IRS?

Thanks Pat

]]> By: P.Mann http://www.jeffnabers.com/2008/06/09/whats-so-special-about-the-ira-llc/comment-page-1/#comment-24112 P.Mann Mon, 15 Nov 2010 15:58:14 +0000 http://nabersgroup.wordpress.com/?p=73#comment-24112 I have two 401k accounts,one being held by Prudential from a former employer with $40000 value. I am interested in investing in a friends business in the UK-would a IRA LLC be the best way to go about this as compared to just cashing in this account and paying the taxes and penalties? I have two 401k accounts,one being held by Prudential from a former employer with $40000 value.
I am interested in investing in a friends business in the UK-would a IRA LLC be the best way to go about this as compared to just cashing in this account and paying the taxes and penalties?

]]> By: Jeff Nabers http://www.jeffnabers.com/2008/06/09/whats-so-special-about-the-ira-llc/comment-page-1/#comment-19818 Jeff Nabers Mon, 13 Sep 2010 18:17:28 +0000 http://nabersgroup.wordpress.com/?p=73#comment-19818 Curt, Probably. Depends on Missouri. Might want to have a brief consultation with a MO attorney. - Jeff Curt,

Probably. Depends on Missouri. Might want to have a brief consultation with a MO attorney.

– Jeff

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