All Forum Posts by: Matt B.

George Blower thanks George. Appreciate the feedback.

Linda Weygant Linda I appreciate your feedback. Just FYI I am not trying to limit custodian involvement in my deals and I would actually prefer to have my attorney oversee any transactions/checks I write out of my IRA to make sure it's within compliance. I do have a follow-up question regarding the LLC with in the IRA. Can I form or should I form multiple "checkbook LLCs" with in the single IRA ... with each LLC individually containing a duplex or triplex for additional rental property. Purpose being to limit liability between each property Also could money from the IRA itself flow freely back-and-forth between The LLCs contained with in it? So for example if the second LLC formed within this IRA owns a property that needs 20,000 in repairs a year from now could the IRA "fund" that LLC at that time ... which then in turn the LLC would pay for the repairs? I don't have an urgent need to set these up right now I'm just curious if that's the best way to scale this out for the future

Justin Frye congrats. Can you message me more details ?

Aaron T. John Anderson Thank you both! John any specific advice on the insurance ?

If myself and a friend want to go in 50/50 on a property, what is the best way to go about this? Draft and operating agreement and go from there? Or should a trust be formed? Thx!

Brian Eastman Awesome info!! Thank you!! I think I know the answer to this (but I'll ask anyway) ... three years ago I set up and LLC for real estate holdings. 6 months ago I set up the IRA. I am assuming I can't "insert" the existing LLC into my "new" IRA...? And that I will have to start anew with the IRALLC paperwork ..?

George Blower ... ^^^ same question, George. If you have any advice I would appreciate your insight. Thx

Brian Eastman Thank you! I really appreciate your insights here. I have the Ira set up and funded. Now I am looking to take the next ( necessary ?) steps to ensure the money and investments are fire-walled and protected from each other. A couple of follow up questions: 1. (For example.) If the Ira is sitting there with 250k and the property is 200k... should I just have the Ira buy it using the funds and leave the other 50 sitting in the Ira? Or is this a liability issue (if a tenant were to fall and then sue me / IRA is that remaining money vulnerable?) 2. should I wrap the property with the IRCLLC and then the 50 would be protected since it is segmented? Or is this a tax nightmare (I have been told it is) 3. Can the IRA itself put a down payment of 20k on the $200k sale and then finance the rest since rates are cheap right now? 4. Is it smart to open an new IRA for every property? Or roll over the leftover money (after buying this property) into a new account to segment / protect my money? Thanks in advance

George Blower ... same question ^^^

Aaron Norris Could you share with me how you structure your IRAs? I am about to make a duplex purchase and am curious how I set this up within the ira while also protecting the other funds that will remain in the Ira.