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Updated about 5 years ago on . Most recent reply

Simmie Douglas's profile image
Simmie Douglas's profile image
Simmie Douglas
  • Rental Property Investor
  • from Tennessee Colony, TX
  • Member since Dec 15, 2016
  • Posts 7
  • Votes 0
  • Experience 7 Yrs
  • Investments 2
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7
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0
Votes
Simmie Douglas's profile image
Simmie Douglas's profile image
Simmie Douglas
  • Rental Property Investor
  • from Tennessee Colony, TX
  • Member since Dec 15, 2016
  • Posts 7
  • Votes 0
  • Experience 7 Yrs
  • Investments 2
Connect
Simmie Douglas
  • Rental Property Investor
  • Tennessee Colony, TX
0
Votes |
7
Posts
General Landlording & Rental Properties

How to make rent deposits to checkbook IRA

Simmie Douglas
  • Rental Property Investor
  • Tennessee Colony, TX
Posted

I recently bought 3 sfh's using my checkbook IRA. After re-hab when the property manager is collecting rents how am I supposed to handle that? Do I just have the manager set up to make deposits directly to the llc's checking account? I know that I am not supposed to ever touch any of the funds. The first call I made to my bank about how to handle this didn't end with much clarity. Reading through online instructions and will contact bank again.

  • Simmie Douglas
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