SDIRA and checkbook LLC

[David Thomas Wells]

My brother and law and I are going to use a combination of both of our IRA's to begin our real estate journey via a SDIRA in buying a house. One company does not want us to form and LLC, while most other companies seem to prefer setting up an LLC. I feel that I am getting deeper in a rabbit hole and want to set it up the right way the first time.

He will own 60% and I will own 40% and we will need a non-recourse loan to do so.

Any advice is greatly appreciated.

David