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Updated almost 5 years ago,

User Stats

7
Posts
0
Votes
Simmie Douglas
Pro Member
  • Rental Property Investor
  • Tennessee Colony, TX
0
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7
Posts

How to make rent deposits to checkbook IRA

Simmie Douglas
Pro Member
  • 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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