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Updated over 14 years ago,

Michael Lauther's profile image
Michael Lauther's profile image
Michael Lauther
  • Investor
  • from Hampton Bays, New York
  • Member since Dec 30, 2009
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User Stats

907
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258
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Michael Lauther's profile image
Michael Lauther's profile image
Michael Lauther
  • Investor
  • from Hampton Bays, New York
  • Member since Dec 30, 2009
Connect
Michael Lauther
  • Investor
  • Hampton Bays, NY
258
Votes |
907
Posts
Foreclosures

Purchasing an existing LLC in an IRA

Michael Lauther
  • Investor
  • Hampton Bays, NY
Posted

we are currently discussing purchasing an existing LLC that has had an offer accepted on a REO.

we need to purchase the LLC because the contract is not assignable to my IRA.

what are the pitfalls if any to this approach. we have a tenant ready who wants to rent with option to buy.

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