Checkbook IRA Owned by an LLC

[Blane Morgan]

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