Looking to from LLC's

[Phil DuChamp]

I'm looking to put a mortgaged property into an LLC via quit claim deed, I'd also like to form one to be invested in by a SDIRA.

Does anyone have any recommendations? 

[Jeff Keller]

@Phil DuChamp

I don't have experience with an LLC. You might want to think twice about using an IRA to handle real estate investments. Tax deferred money and earnings on it are taxed as ordinary income when the money comes out.

Real Estate is typically held long enough to qualify for the long term capital gains tax rate which is generally lower. As an investment, many real estate expenses are deductible from current income or from the eventual gain.

Talk with a good tax planner.