All Forum Posts by: David Thomas Wells

Yes!  I listen to their podcast!  I have also read their book on self-managing. Thanks for the tip!  

Hello, my name is David Wells. I invest with my brother in law, Jeff Harding. We have one SFH so far in Cedar Rapids, IA. We look forward to building our portfolio.

Sorry I may have worded it weird. The question is checkbook LLC vs just buying the property without checkbook control. We would use an online portal for ach payments.

My brother and law and I are going to use a combination of both of our IRA's to begin our real estate journey via a SDIRA in buying a house. One company does not want us to form and LLC, while most other companies seem to prefer setting up an LLC. I feel that I am getting deeper in a rabbit hole and want to set it up the right way the first time.

He will own 60% and I will own 40% and we will need a non-recourse loan to do so.

Any advice is greatly appreciated.

David