If so, you should be aware of a change that the IRS has just announced that limits you to one rollover per year.

There are other benefits as well - you may check my other posts to learn more.You are able to transfer/rollover most qualified retirement accounts into Solo 401k including employer 401k, Traditional IRA, 403b, 457, SEP and Simple IRAs, etc.

It's a rollover loophole where basically you get a check and get 60 days to roll it into another IRA.

I built up a bank roll over the years to help fund those properties.

As information becomes more widely and easily available, the system of real estate transactions will become more frictionless, and will eventually be commoditized.

So that 6% penalty would be recurring.You are better off not doing that, and putting the income into another investment vehicle, that you can later roll over to the Roth account(pay the tax on then).I'm not familiar with how your business is set up; however, if you are self employed and have arranged a SEP or solo 401k you can contribute the maximum and then roll over the account later on to a roth IRA electing to pay the tax on it at that time.If you chose to just pay the 6% each year you would have to make a hefty return each year especially once you add in fees.You would not want to use that much to over contribute to the account for example if you flip a home with it in the account you will then have to pay tax at your regular rate on the home as it will not be considered IRA income as you have to remove both excess contributions AND gains on the excess contributions.You also could suggest that you use the excess toward the next year's contribution, provided you are eligible to make one.

I am wanting to move an IRA rollover into a self-directed IRA and I have a couple of questions I need help with.By the way, I am thinking of using it for tax liens and/or private lending.1) Do I need to set up an LLC in the IRA?

They are hoping you'll roll over and go away.

The interest you pay your 457 back would also be deductible on the applicable schedule.One other possibility is depending upon your tax bracket and several other various situations, you may want to consider either an S or C corp(if your flipping) in which to start a self direct solo 401k to roll over your previous proceeds into.

Stephen Race Coincidently I have one of those qualifiers w/ Vanguard...great to know I have a free rollover waiting in the wings when I leave my employer :)