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Updated about 13 years ago,
Recomendations for SDIRA Custodian???
Hello,
I am leaning very heavily towards doing my RE investing in a SDIRA. I have looked at several online that I have heard mentioned here and elsewhere. This would be a relatively simple type of investments; single owner (me) with possible leverage of borrowing with-in the SDIRA. It would be a ROTH, and I would like to set up and LLC inside of it to do the 'checkbook control' I hear refereed to here.
What type of initial and yearly fees are you all seeing when using a SDIRA? My roll-over would be up to 100K, which IF I leveraged it further, might be up to 200K. This would be for long-term holding of rental property. Is there any soecific companies that you have had good or bad luck with? (if we are allowed to pass that info here). And finally, how long approximately does it take to set one up, to the point you could make an offer and or close a property with it?
Thanks for all the help so far!
Dan
PS. Interesting side note; I was talking to our accountant from my 'day job' today about business matters, and asked him about SDIRAs. He has been aware of them for 10 years or more, but just now has his first client using one. He has around 4000 clients he (and his staff) does work for. Interesting how little they are used.