All Forum Posts by: Kaaren Hall

Keeping things arms-length is the rule with self-directed IRAs. No self-dealing, no contribution of sweat-equity, no present benefit. What you can do is choose the property, screen tenants, collect the rent checks and hire third-party vendors.

I have to thank Josh & his crew for creating such a great resource for investors. Here at uDirect IRA Services we've opened many accounts for Bigger Pockets members. We're always open to addressing any self-directed IRA questions that come up so please ask us!

To answer Christopher Keivit's question, Tax lien investing is best done with a "checkbook IRA". You will likely be buying lots of assets and receiving lots of checks so the IRA-Owned LLC (Checkbook IRA) is the ideal vehice for this. Additionally there are some counties like Maricopa County that will only sell liens with a credit card (debit card).