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Updated over 13 years ago,
SDIRA rental liability protection
[b]Hi, I'm new to the website and have read a number of posts and am in the process of learning about SDIRA's. I'm planning to invest in rental properties through my SDIRA and am curious about liability protection for my IRA. I'd like to avoid the issues associated with a checkbook LLC. If someone is injured on a property owned by my SDIRA and they file a lawsuit, what liability is there for the IRA and or me personally? I plan to use liability insurance through the homeowner's policy, but don't want to rely only on that.
Thanks!
Don