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Updated over 5 years ago on . Most recent reply

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Blane Morgan
  • Rental Property Investor
  • Beaumont, Tx
0
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7
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Checkbook IRA Owned by an LLC

Blane Morgan
  • Rental Property Investor
  • Beaumont, Tx
Posted

I have been recently been doing quite a bit of research exploring possiblities for my IRA. The Checkbook IRA owned by an LLC seems to give you the most freedom and certainly the more exposure to the IRS if you perform a "Prohibited Action". Does anyone know the process of creating an LLC owning your IRA? Also want to open the discussion for experiences people that have made investments doing these things...specifically Note Investing, Hard Money, and Flipping. Not a lot of info out there

Most Popular Reply

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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,238
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

@Blane Morgan

You got it backwards, the LLC does not own the IRA, but the IRA owns the LLC (aka IRA owned LLC).

Investing in notes in my opinion is the best strategy for retirement accounts. Flipping will expose you to UBIT, not so good. 

  • Dmitriy Fomichenko
  • (949) 228-9393
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