All Forum Posts by: Guy Yoes

We use our name in our communications and relations. We then provide the LLC info to the title company before closing. As managers we sign the paperwork and all is good.

We owned some property before setting up the LLC and it was easy to re-title the property to transfer into the LLC.

2100.00 in taxes and insurance was per year.

We sold a property ( after holding for 5 years) that was held in our self-directed IRA. We paid 113,000 for the property and sold it for 122,800. The property rented for 1000.00 a month and had the same tenants for all 5 years. We are trying to decide if we should buy another property in the same area or buy a 5 year note that is paying 9% interest only with the initial investment return at the end of the note.

The expense on the property was 2100.00 for taxes and insurance plus about 6000.00 total in maintenance/repairs.

We are mid 50's and travel some, so not having to oversee the management is attractive.