All Forum Posts by: Daniel Guillermo

The benefit of having an LLC owned by your IRA is that you can have much quicker access to your money because you control the checkbook. If you see a deal you can act fast instead of waiting for your IRA custodian to process a payment.

Great article...thanks for sharing.

@Daniel Dietz Thanks for theinfo, very helpful.

@Tony Spandrio I see you are one of the founders of Diverse Retirement Solutions. So you are basically asking me to google your company so they can help me. I believe that is frowned upon on this forum.

@Daniel Dietz How much did it cost to setup the LLC?

Thanks @Jeff S. for the detailed response and advice.

@Ellis San Jose Thanks for the recommendations. I noticed both UDirect and QuestIRA are IRA administrators and not custodians. Does it matter if they are administrators? I was looking for custodians but I honestly don't know if that is something that I should be overly concerned with?

Happy Birthday!!! Great job on the site. It is such a great resource.

@Jon Klaus Thanks for your input on Equity trust. That is who I was leaning towards.

@Ellis San Jose Thanks I will look into both.

I have decided to open a self-directed IRA to invest in rental property. I was wondering if anyone could recommend an IRA custodian that I could use. I'd like one that is easy to work with and has reasonable fees. I noticed some have transaction fees while some have flat fees but I'm not sure which is better. It seems like transaction fees can get pretty high if you have multiple leveraged properties in the IRA. I have done some searching on this forum and see some have used UDirect or Equity Trust, are those my best options? Who do you recommend and why?