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Updated over 7 years ago on . Most recent reply presented by

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50
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Glenn N.
  • austin , TX
3
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50
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Sidra with Chase bank

Glenn N.
  • austin , TX
Posted

I have been working on opening a SIDRA. Thinking about doing it with my ROTH. I have been thinking about using the IRA services with an LLC due to the lower cost ,but I just went by CHASE and they told me they do SIDRAS .Is this any different than doing a SIDRA IRA Services with with my roth . I would not have to get a lawyer or a lawyer to set up the LLC fr the SIDRA. The Chase one is self directed with checkbook control . Am i missing something here. I am just doing notes homes ,hard money lending and want to do it out of my ROTH, I know the rules etc. I am in texas but will be doing the lending in Florida to a few business I am familiar with .

thank you in advance for your advice and experience.

Most Popular Reply

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2,072
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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
1,382
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2,072
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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
Replied

@Glenn N.

Unless you have $50 million at Chase  @Brian Eastman is correct. Their SDIRA let’s you purchase anything they sell -that’s it. 

  • Carl Fischer
  • [email protected]
  • 215-283-2868
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