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Updated over 6 years ago on . Most recent reply

User Stats

10
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1
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Charles Andrews
  • Fruita, CO
1
Votes |
10
Posts

457 Conversion to self-directed

Charles Andrews
  • Fruita, CO
Posted
Hi - I'm interested in converting a portion of my 457(b) - about $80k - into a self-directed IRA, obviously for purposes of RE investing.

After that, it seems logical to form a LLC around those funds.

A couple questions:

  • I'm leaning toward engaging a CPA for the process; is this overkill, or a good idea?
  • Is the LLC something that should be immediately created, or wait until I find a deal I want to pursue?
  • I just finished 'Tax Strategies for the Savvy Real Estate Investor', and it was a great read. Any other books anyone would recommend that address this area?

Thanks in advance,

Charles Andrews

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