All Forum Posts by: Account Closed

Thank you all very much. Essentially, the LLC within the SDIRA makes the purchase of the property. Originally, I was considering modest financing and then transferring the asset into the LLC. However, from what I'm hearing...this would be considered "personal dealing" and could setup potential forfeiture of shelter benefits. As such, most deals would then be all-cash. Biggest concern at this point is whether the fees associated with the structure negate the return floor I'm expecting on each property. I'm seeking cash-on-cash of 7%. I'd like to go deal-by-deal and then establish a fund and open it up to external capital - managing to a +15% IRR. Not quite sure if the SDIRA/LLC structure will facilitate the process. Thanks again everyone. Great insights.

Thanks Luis. Have you explored Guidant, Entrust and Equity Trust? Are there any other firms that you have diligenced?

Looking into a self-directed IRA with Guidant Financial. Is anyone familiar with the tax regulations and process surrounding purchasing a property through a self-directed IRA and transferring the property into an LLC for asset protection?

Would the LLC be owned by the IRA?

Chris - I've been informed that any transfer out of our "names" will be classified as a transfer and trigger the taxable event: Land Trust or LLC. This equates to 1.5% on County, 0.5% on State and 0.5% Admin. Essentially, it changes the nature of the deal. There has to be a more effective way to transfer and still mitigate liabilities attached to leasing up. Any thoughts?

Hi Everyone,

This is my first post. I'm in the process of acquiring a property with my wife in Baltimore County, Maryland. The acquisition is on a personal basis with traditional 30 year financing. After close, I'm looking to transfer the property into multi-member LLC - the organizers/owners of LLC will be myself and my wife. I've been informed that this will trigger a taxable event and result in duplicate fees on a County, State and Administrative basis. Is there a way to eliminate/mitigate fees? Any thoughts would be appreciated. Thank you.