Create a LLC owned by multiple SDIRAs

[AC Cooley]

Hi,

I am thinking about setting up Coverdell ESA's for my children. The initial amounts will be small so I'm thinking about doing deals with my SDIRA's LLC and their ESAs together. We may buy a rental together since neither account would have enough money to buy one by itself and still have money leftover for reserves. Would it be beneficial to set up an LLC owned by my SDIRA's LLC and their ESAs. The property would be owned by the one LLC.

The other way is the property would be acquired jointly in the names of SDRIA1 LLC and Child1 ESA and Child2 ESA. Any other alternative suggestions would be appreciated as well.

Thanks,

A.C.