need to set up checkbook IRA

[Salome D.]

I am excited for next year for the future of multifamily business for me and for the rest. Just finished attending webinars about Multifamily forecast in 2020. It its very encouraging. Does anyone know of a reputable IRA accommodator to set up a checkbook IRA for me. Can a lawyer do this or does it have to be a Self directed IRA accommodator? I have spoken with one, Sense financial, would anyone recommend another company to compare quality of service and rates? Thanks.

[Harold Groetsema]

I used IRA services to set up my SDIRA, then I formed an LLC that is owned by the SDIRA. The SDIRA is the member, and you are the manager of the LLC. You then open a checking account and fund the account from your SDIRA. If you decide to withdrawl money you will need to write a check from your LLC to your SDIRA and request a distribution. Hope this helps, just be very careful about illegal transactions.