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Updated about 2 years ago on . Most recent reply presented by

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Lance Dacy
  • Investor
  • Dallas/Fort Worth
0
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10
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To SDIRA or Not to SDIRA (Right at the Rubikon)

Lance Dacy
  • Investor
  • Dallas/Fort Worth
Posted

So I had a SEP IRA from my other company that sat stagnate since we went to S-CORP (this business is not a real estate business its my other business). I recently moved the SEP IRA to a SDIRA with Trust/LLC and now have all the money in a banking checking account ready to use. The more I learn about disqualified uses though, the more I am thinking I either need to buy a long-term no problem home with this money or I need to go with an REIT or completely change directions.

Any one with experience with SDIRA and if you would do otherwise after doing it or you are an expert in them and recommend/don't recommend them? My CPA gave it to me as an option and said the custodian can help me with the ins and outs of how to use it, but he did mention I can't do the work on it and all the funding and proceeds has to go back to the IRA LLC (so I wouldn't obviously benefit until retirement which is the same for the SEP IRA).

  • Lance Dacy
  • Most Popular Reply

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    I formed a partnership LLC between my SDIRA and an up-and-coming investor wannabe. He does the work, I provided capital. It's been a pretty good couple years, he's not a wannabe anymore and my valuations has grown substantially. Just another option.

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