Turnkey Property in a Self Directed IRA

[Mark Senecal]

Hey BiggerPockets,

I have retirement money in a few places but they are mostly stock based.  Lately stocks have not been performing that well.  In an effort to diversify I would like to invest in real estate.  Turnkey properties seem to be a good entry level for someone who already has a 50 hour a week job.

Could I rollover one of my IRAs to a Self Directed IRA then use that money to invest in turnkey property. What are the risks? How should I structure this? Should I have an LLC? As you can tell I have a lot of learning opportunities ahead of me.

After getting my feet wet with this I am hoping to leverage the experience and invest in real estate full time when I retire in a few years.

I look forward to hearing your thoughts.

Mark

[Jay Hinrichs]

@Darren Eady to funny Darren... the POA to take back a note won't stand up if challenged.

but I love the confidence.. what happens when the tenant trashed the house and the investor bails who fix's it up.. do you do that personally ?    \

and my comments are general in nature not specific to your loan product.  LOL

Even though BP rules prohibit shameful plugs for your won deals  LOL