All Forum Posts by: Harold Groetsema

I'll be out of town from the 4th to the 12th of April. I'm free on the 13th all day if we want to schedule something. I also have a few rentals here, and also have a rental using my SDIRA. I'm looking for more buy and hold, as I don't seem to got the flip for cash down quite right.

If everyone wants to meet at Big Daddy's sometime, let me know the day and time and I'll make sure they have space for us.

I set up the SDIRA with IRA services, then had Your Entity Solutions set up my LLC funded by the SDIRA. They did set up an EIN for the LLC but not the SDIRA. I applied for my EIN for the SDIRA online yesterday to satisfy my accountant. Thank you everyone for your time and responses. The SDIRA investments is a great way to make money, but don't want to make any mistakes.

So, even if my LLC has its own EIN, I still need one for my SDIRA is this correct? And Brian if this is so basic, why am I having such a hard time getting a straight answer. I wish I didn't have to rely on public forum, but feel I tried everything else. Thank you both for your response, I will look into getting an EIN under my SDIRA.

I have a question to ask you about UBIT taxes. My name is Harold and live in Fairbanks, AK. I have multiple LLC's through rentals, and flipping. One LLC in particular is owned by my SDIRA.

My question concerns this LLC is 100% owned by

IRA Services Trust Company FBO Harold XXXXXX IRA ACCT# XXXXXX

The LLC purchased a duplex with the help of a non-recourse loan, (NASB). 40% paid by LLC and 60% paid by NASB. Even though there wasn't any UBIT taxes generated, I still need to file a 990T return. My tax accountant asked me whose EIN # to put on the tax form. I have searched the internet, and asked many tax accountants locally to find the answer. I keep getting different answers. I'd be more than happy to pay for your help on this situation. The answers I have recieved so far are:

1. My social security number

2. EIN of my LLC

3. EIN of my IRA custodian

Would love if you could help me, seems like the local tax accountants are unfamiliar with SDIRA's. I know this is the busiest time of the year and will file an extension if needed.

Hey Andrey,

Was it you that called me a few weeks ago? Anyway heating is more in Fairbanks because we use fuel compared to natural gas in Anchorage. But recently the price of fuel has been cut in half since last year at this time. Electric is the big expense, but is usually paid by the tenant. Water and sewer, your looking at about $100 per month for a small family. I plow the drives myself and let the tenants shovel their walk-ways. The big thing is location and condition of rental. And you can take me to Big Daddy's when you arrive:)

Also here in Fairbanks, did a flip on a duplex and had it sold before it was finished. Then again I have a completed flip and it is still on the market, unfortunately the heat tape failed and froze the water line, had to run a above temp line till summer. I am an all cash buyer for the right deals. Currently doing a few properties down in Florida with mobile homes. Love to get together with anyone in Fairbanks to see what's going on.

If you want to get together sometime, my cell is 907 378-6474

I just started a LLC in Florida for purchasing, fixing up, and renting mobile homes. Do I need to purchase a business license, and if I do what category does this fall under?

Let's get together some time, just did a flip in North Pole